Will I lose my multi-policy discount if I move one policy to another insurance company?

Yes. If you split your auto and home insurance between different companies, you will lose the multi-policy discount. Before moving one policy, compare the savings on that policy against the discount you would lose on the other.

Key Takeaways

- Splitting home and auto between carriers removes the multi-policy discount.
- The policy you keep may cost more after the change.
- Compare the full cost before moving just one policy.

Yes. If you split your auto and home insurance between different companies, you will lose the multi-policy discount. Before moving one policy, compare the savings on that policy against the discount you would lose on the other.

Look at the total, not one policy

A lower quote on one policy can look like savings until the policy you keep loses its multi-policy discount. Add both premiums together to see whether moving one actually saves money.

A better approach

Before splitting your bundle, ask for a quote that moves both policies together. Another carrier may beat your current bundle without losing the discount at all.

How Hicks Insurance can help

Hicks Insurance can compare keeping your bundle, splitting it and moving it, so you see the full cost of each. Request a quote.

Have more questions about our insurance?

Give us a call today and we can help.

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