The insurance industry is fiercely competitive. Much like shopping for groceries, many people choose the low-price leader when it comes to coverage. With few barriers preventing you from canceling your renters insurance on any given day and purchasing it from another provider, many insurance providers offer multiple incentives to encourage you to remain with them, including bundling discounts.
What’s a Bundling Discount?
A bundling discount offers you discounts on your renters insurance if you have multiple types of insurance with the same company. With a host of different insurance types, you can choose to bundle your auto insurance with your renters insurance, or any other combination, to get the benefits of bundling.
What are the Benefits of Bundling Your Insurance?
Beyond saving more money on each policy you have with your insurance provider, there are real benefits to bundling your renters insurance with other insurance policies.
- You have one point of contact for your insurance needs: Choosing to purchase multiple insurance products from one insurance provider means that you have one point of contact for your insurance services. Whether you have questions about your coverage or you need to file an insurance claim, you have one number and one company to work with, which can help reduce stress.
- You have one bill to pay each month: In addition to reducing the amount of money you pay each month, bundling your insurance also reduces the number of bills you pay each month. With fewer bills to pay, the monthly ritual of paying your bills can be streamlined.
- You get better insurance offers: Another not-so-obvious benefit for bundling your renters insurance is the fact that you can get better insurance coverage. With a clear picture of your existing coverage, your insurance agent can take a comprehensive analysis of your insurance. As a result, they can offer you complementary insurance policies that will help you effectively protect you and your family.
- Streamline renewals: When you have a policy with multiple insurance providers, keeping up with your renewal dates can be difficult. If you aren’t on top of it, you could miss renewing. Bundling your insurance policies with your renters insurance ensures that you have one renewal date to remember, which streamlines the process of renewing and eliminates the need to keep up with multiple dates.
As your insurance provider, our goal is to provide you with products that secure your future. We can offer you a suite of insurance products, beyond renters insurance, at a discounted rate. If you are in the market for additional insurance, don’t hesitate to give us a call.
See how much you could save today. Call Low Rate Insurance Agency at (817) 635-0375 for more information on Grand Prairie renters insurance.