Can bundling insurance protect me from future premium increases?

Bundling cannot guarantee your rates will not go up, but it gets you the most competitive rates that carrier offers. Customers with several policies are often a carrier’s ideal customers, and carriers try to keep those rates as competitive as possible.

Key Takeaways

- Bundling does not guarantee your rate will not rise.
- Bundled customers are often the customers carriers most want to keep.
- Reviewing your bundle at each renewal keeps your rate competitive.

Bundling cannot guarantee your rates will not go up, but it gets you the most competitive rates that carrier offers. Customers with several policies are often a carrier’s ideal customers, and carriers try to keep those rates as competitive as possible.

What drives premium increases

Rates change for reasons outside your control, such as repair costs, weather losses in your area and carrier-wide rate changes. Your own claims and driving record matter too. Bundling does not stop those changes, but it keeps the discounts you have earned in place.

Why renewal reviews matter

When your renewal comes in higher, an agent can check whether the bundle is still competitive or whether another carrier would price it better.

How Hicks Insurance can help

Hicks Insurance reviews your bundle at renewal and shops it with other carriers when it makes sense. Learn more about bundle policies.

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Give us a call today and we can help.

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