June 13, 2022
multi policy insurance discount

How Buying Two insurance policies, Costs Less Than Buying One, Of Anything?

The answer is: Buy More Insurance

Yes, depending on the price (or premium) of your vehicle insurance policies you may be able to completely cover the cost of a renters insurance policy from the savings on your car insurance, with the multi-policy discount. 

In some cases the savings are so great the client not only saves enough for the second policy they received money, back!

A recent new customer was amazed when we suggested she consider a renters insurance policy for not only the added protection for her personal property, but for the added saving benefit. 

In this case we wrote her auto insurance policy with Safeco insurance and she received an annual discount of $156 for having multiple policies; and her renters insurance cost was only $129 annually.  

If you do the math it works out to a net saving of $27, and she gets a $25,000 renters insurance policy included.

How we saved her money

renters insurance quotes

Auto + Renters = $ more savings

So, to recap the rates without and with adding the second policy:

Auto insurance in California only with no other policies:  $1,200 annually

Same auto insurance with renter's insurance discount: $1044 + renters insurance: $129 =  $1,173 annually

Net saving's         $27.00

She was able to lower the car insurance and get renter's insurance for less money than the car insurance by itself!  That's AWESOME!!

Wow, only in America can you buy more and pay less, what a great deal.

So, if you’re living on your own, sharing a home or apartment with someone and don’t have your “own” renters insurance policy, your stuff is not covered, period. 

Could we make this any easier… you still get money off your premium for having multi-policies.  It’s a win-win.  

Even if you’re living with your parents and have your own auto insurance policy, have your agent review your auto policy and see if adding the Renter's insurance for a multi-policy discount works for you.

Read More Articles:

Affordable Insurance Rates and Quotes Online

John Espenschied is a long-time veteran of the insurance industry. He's worked with thousands of clients over the years, helping to protect their personal and business needs. John's goal is to provide the best advice possible to assist customers in saving money while protecting their property and securing their financial future.
He truly enjoys helping others and takes great satisfaction in providing top-notch customer service. When he's not working, John has fun spending time with his family, golfing, bike riding, and blogging on insurance topics.