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Multiple policies with the same company often receive a discounted rate.

Do you know about multi-line discounts? Most insurance companies will give you a discount if you purchase your home and auto insurance with them. Consider placing your auto insurance and home insurance with the same company. It can save you as much as 15% on the cost of both your home and auto policy.

There are plenty of cases, however, where having both policies with the same company ends up costing you more. Comparison shop both of your policies and find out which company gives you the best multi-line discount for all of your insurance needs.

An added benefit to having your policies with the same company can be the clout that it gives you with your company. If you suffer an unfortunate event, such as a claim or cancellation for non-payment of premium, your company will be much more likely to retain your policy in order to maintain your account. If you have only one policy with them, the company is more likely to drop the single line of business.