I have a car and home on the same insurance policy if I drop the house how much will the car insurance go up?

Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills
Post Reply
rec7
Posts: 2144
Joined: Tue Oct 28, 2008 7:22 pm
Location: ST LOUIS

I have a car and home on the same insurance policy if I drop the house how much will the car insurance go up?

Post by rec7 » Sun Jul 16, 2017 4:17 pm

Thanks in advance. I am guessing some of you have done this.
Disclaimer: You might lose money doing anything I say. Although that was not my intent. | Favorite song: Sometimes He Whispers Jay Parrack

mhalley
Posts: 4986
Joined: Tue Nov 20, 2007 6:02 am

Re: I have a car and home on the same insurance policy if I drop the house how much will the car insurance go up?

Post by mhalley » Sun Jul 16, 2017 4:21 pm

Most of the time it makes sense to have them with the same company to obtain the discount, the amount of which varies by company. You might check your bill, sometimes they list the discounts that apply.

Mike Scott
Posts: 623
Joined: Fri Jul 19, 2013 2:45 pm

Re: I have a car and home on the same insurance policy if I drop the house how much will the car insurance go up?

Post by Mike Scott » Sun Jul 16, 2017 4:22 pm

Have you asked your insurance agent?

User avatar
akblizzard
Posts: 113
Joined: Mon May 05, 2014 4:25 pm

Re: I have a car and home on the same insurance policy if I drop the house how much will the car insurance go up?

Post by akblizzard » Sun Jul 16, 2017 6:01 pm

I had a similar "discount" until I changed car insurance to Progressive. It was $25 a year.

dwickenh
Posts: 687
Joined: Sun Jan 04, 2015 9:45 pm
Location: Illinois

Re: I have a car and home on the same insurance policy if I drop the house how much will the car insurance go up?

Post by dwickenh » Sun Jul 16, 2017 7:56 pm

It is usually 5-15% discount. My current discount is 6%, but it applies to both policies and saves me about 65.00 per year.

Dan
The market is the most efficient mechanism anywhere in the world for transferring wealth from impatient people to patient people.” | — Warren Buffett

rec7
Posts: 2144
Joined: Tue Oct 28, 2008 7:22 pm
Location: ST LOUIS

Re: I have a car and home on the same insurance policy if I drop the house how much will the car insurance go up?

Post by rec7 » Sun Jul 16, 2017 8:26 pm

Thanks everybody. I was just looking for a ballpark number.
Disclaimer: You might lose money doing anything I say. Although that was not my intent. | Favorite song: Sometimes He Whispers Jay Parrack

DSInvestor
Posts: 10539
Joined: Sat Oct 04, 2008 11:42 am

Re: I have a car and home on the same insurance policy if I drop the house how much will the car insurance go up?

Post by DSInvestor » Sun Jul 16, 2017 8:43 pm

My GEICO auto policy shows something called multiline discount which I believe is the discount for having other policies with GEICO. Perhaps your auto policy shows something similar.

rec7
Posts: 2144
Joined: Tue Oct 28, 2008 7:22 pm
Location: ST LOUIS

Re: I have a car and home on the same insurance policy if I drop the house how much will the car insurance go up?

Post by rec7 » Sun Jul 16, 2017 8:53 pm

DSInvestor wrote:My GEICO auto policy shows something called multiline discount which I believe is the discount for having other policies with GEICO. Perhaps your auto policy shows something similar.
I get the multiline discount but they do not show the $ amount.
Disclaimer: You might lose money doing anything I say. Although that was not my intent. | Favorite song: Sometimes He Whispers Jay Parrack

Post Reply