Shopping For A Hazard Insurance Policy
When shopping for a hazard insurance policy, something called “bundling” can actually save you quite a bit of money that most people aren’t aware of.
Many of the big insurance companies price their insurance rates to attract a particular segment of the market. They usually price their hazard insurance policies to attract homeowners who need to insure not only their homes with hazard insurance, but also their cars with car insurance and lives with life insurance.
The big insurance companies want customers who will stay with them for years vs shopping around for a better deal every six months. So, to give customers an incentive to stick with them, they offer discounts if you use the company for all three (hazard, auto, life) lines of insurance.
Companies offer “multi-line discounts” to attract customers who will need more than one type of insurance. These companies offer a cheaper rate to insure both your house and car than if you insured each one separately at different companies.
The same goes if you add a second car or a life insurance policy – the discounts keep adding up.
…..
Frequently Asked Questions:
Q. How much can you actually save when you combine insurance policies with one company?
It varies by company, but with some of the large insurance companies, it will save you up to 40%.
Q. Why are the large companies sometime so far off when it comes to price on my hazard insurance?
Large companies often give significant discounts if you have your hazard, auto and life insurance with them – and they actually *want* to be higher in price if you only have one line. People with only one line of insurance switch more often according to the statistics.
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Related Articles – Mortgage Payments:
- Mortgage Payment Basics
- Who Owns My Home If I Have A Mortgage?
- How Do I Calculate My Mortgage Payment Without A Calculator?
- Why Do I Need Mortgage Insurance?
- Understanding An Amortization Schedule
- Understanding the FHA Mortgage Insurance Premium (MIP)
- Do I Have To Continue Making My Mortgage Payment If My Lender Goes Bankrupt?
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The Pat Hiban Real Estate Group
Keller Williams Crossroads Realty
8840 Columbia 100 Parkway St. 110
Columbia, MD 21045
410-964-2400 Office
410-992-8011 Fax
homes@hiban.com
Recent Posts
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- FORECLOSURE HOMES in HOWARD COUNTY…….Some of the BEST Buys Today!!
Recent Hiban Team Listings
- $115,000 - 6221 Polar Bear Ct
- $79,990 - 2524 Calverton Heights Ave
- $348,900 - 5505 Accokeek Rd
- $464,900 - 5001 Domain Pl #2
- $409,900 - 1001 L St Nw #607
- $379,900 - 1910 Hatboro Ct
- $424,900 - 14911 Kamputa Dr
- $385,000 - 5610 Heritage Hills Cir
- $960,000 - 112 Prettyman Dr
- $579,900 - 4052 Fragile Sail Way
- $2,350,000 - 13120 Loth Lorian Dr
- $419,990 - Trefoil Lot 203c Ln
- $275,000 - 4200e Mozart Brigade Ln #4200e
- $255,900 - 13005 Clarion Rd
- $185,000 - 7801 Winnsboro Dr
- $236,000 - MLS # CH7848792
- $79,000 - 1902 Washington Rd
- $379,000 - 341 Wesmond Dr
- $359,000 - 1406 Brenwoode Rd
- $288,000 - 1301 Arlington Ridge Rd S #401
- $179,900 - 20137 Welbeck Ter
- $309,900 - 2726 Gallows Rd #1412
- $339,900 - 102 Trevors Ct
- $115,000 - 4 Rouzer Ct
- $454,900 - 12765 Barnett Dr
- $12,000,000 - 3431 Oliver St Nw
- $4,500,000 - 2163 Dunmore Ln Nw
- $540,000 - 10018 Waterford Dr
- $159,000 - 5787 Box Elder Ct
- $319,900 - 4 Ridge Rd
- $185,000 - 11417 Pitsea Dr
- $369,000 - 11710 Old Georgetown Rd #628
- $179,900 - 501 Sunlight Rd
- $639,950 - 8922 Mt Patapsco Ct
- $584,900 - 18418 Harbour Town Ter
- $260,000 - 11709 Legacy Woods Dr
- $650,000 - 8021 Lions Crest Way
- $389,900 - 722 Annatana Dr
- $369,900 - 7428 Erska Woods Ct
- $399,000 - 2901 Boston St #513
- $325,000 - 5307 Avalon Pl
- $169,900 - 428 Meghann Dr
- $159,900 - 16 Frick Ave
- $59,900 - 711 Connelly Rd
- $449,900 - 321 Presway Rd
- $1,325,000 - 6026 Edgewood Ter
- $270,000 - 7607 Tiverton Dr
- $429,000 - 5322 Buxton Ct
- $449,990 - 612 Hanna Rd
- $195,000 - 251 Hawaii Ave Ne
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$115,000 - 6221 Polar Bear Ct
Waldorf
3 beds, 2 full, 1 part bathsLot size: 8,975 sqftYear built: 1988 -
$79,990 - 2524 Calverton Heights Ave
Baltimore
3 beds, 2 full bathsYear built: 1927 -
$348,900 - 5505 Accokeek Rd
Brandywine
3 beds, 2 full bathsHome size: 2,650 sq ftLot size: 4.97 acYear built: 1968 -
$464,900 - 5001 Domain Pl #2
Alexandria
3 beds, 2 full, 2 part bathsHome size: 2,070 sq ftYear built: 1975 -
$409,900 - 1001 L St Nw #607
Washington
1 bed, 1 full bathHome size: 752 sq ftYear built: 2004 -
$379,900 - 1910 Hatboro Ct
Severn
4 beds, 2 full, 1 part bathsHome size: 1,962 sq ftLot size: 7,312 sqftYear built: 1993 -
$424,900 - 14911 Kamputa Dr
Centreville
4 beds, 3 full bathsLot size: 12,066 sqftYear built: 1967 -
$385,000 - 5610 Heritage Hills Cir
Fredericksburg
4 beds, 4 full, 1 part bathsLot size: 21,780 sqftYear built: 2005 -
$960,000 - 112 Prettyman Dr
Rockville
5 beds, 4 full, 1 part bathsLot size: 8,232 sqftYear built: 2002 -
$579,900 - 4052 Fragile Sail Way
Ellicott City
5 beds, 3 full bathsLot size: 37,521 sqftYear built: 1980 -
$2,350,000 - 13120 Loth Lorian Dr
Clifton
6 beds, 7 full, 1 part bathsHome size: 10,095 sq ftLot size: 5.02 acYear built: 1998 -
$419,990 - Trefoil Lot 203c Ln
Sterling
3 beds, 2 full, 2 part bathsHome size: 2,794 sq ftLot size: 2,016 sqftYear built: 2012 -
$275,000 - 4200e Mozart Brigade Ln #4200e
Fairfax
2 beds, 2 full bathsHome size: 1,130 sq ftYear built: 1999 -
$255,900 - 13005 Clarion Rd
Fort Washington
4 beds, 2 full, 1 part bathsHome size: 2,356 sq ftLot size: 27,299 sqftYear built: 1963 -
$185,000 - 7801 Winnsboro Dr
Fort Washington
4 beds, 3 full bathsHome size: 1,718 sq ftLot size: 21,868 sqftYear built: 1970 -
$236,000 - MLS # CH7848792
Waldorf
3 beds, 2 full, 1 part bathsHome size: 1,720 sq ftLot size: 1,732 sqftYear built: 2009 -
$79,000 - 1902 Washington Rd
Baltimore
1 bed, 1 full bathLot size: 4,089 sqftYear built: 1941 -
$379,000 - 341 Wesmond Dr
Alexandria
2 beds, 1 full bathLot size: 1,840 sqftYear built: 1942 -
$359,000 - 1406 Brenwoode Rd
Annapolis
3 beds, 2 full, 1 part bathsLot size: 7,673 sqftYear built: 1993 -
$288,000 - 1301 Arlington Ridge Rd S #401
Arlington
1 bed, 1 full bathHome size: 670 sq ftYear built: 1965 -
$179,900 - 20137 Welbeck Ter
Montgomery Village
3 beds, 2 full, 1 part bathsLot size: 741 sqftYear built: 1982 -
$309,900 - 2726 Gallows Rd #1412
Vienna
2 beds, 1 full bathHome size: 1,036 sq ftYear built: 2005 -
$339,900 - 102 Trevors Ct
Queenstown
4 beds, 2 full, 1 part bathsLot size: 1.30 acYear built: 2012 -
$115,000 - 4 Rouzer Ct
Thurmont
2 beds, 1 full bathLot size: 3,750 sqftYear built: 1991 -
$454,900 - 12765 Barnett Dr
Mount Airy
4 beds, 3 full, 1 part bathsLot size: 2.83 acYear built: 1988 -
$12,000,000 - 3431 Oliver St Nw
Washington
5 beds, 3 full, 1 part bathsLot size: 7,209 sqftYear built: 1925 -
$4,500,000 - 2163 Dunmore Ln Nw
Washington
6 beds, 4 full, 2 part bathsLot size: 10,614 sqftYear built: 2012 -
$540,000 - 10018 Waterford Dr
Ellicott City
5 beds, 4 full, 1 part bathsHome size: 3,268 sq ftLot size: 29,272 sqftYear built: 1978 -
$159,000 - 5787 Box Elder Ct
Frederick
2 beds, 1 full, 1 part bathsLot size: 2,236 sqftYear built: 1984 -
$319,900 - 4 Ridge Rd
Augusta
4 beds, 3 full bathsHome size: 4,000 sq ftLot size: 5.72 acYear built: 2008 -
$185,000 - 11417 Pitsea Dr
Beltsville
4 beds, 2 full, 1 part bathsLot size: 9,832 sqftYear built: 1971 -
$369,000 - 11710 Old Georgetown Rd #628
North Bethesda
2 beds, 1 full bathHome size: 1,038 sq ftYear built: 2003 -
$179,900 - 501 Sunlight Rd
Reisterstown
4 beds, 3 full bathsLot size: 43,560 sqftYear built: 1977 -
$639,950 - 8922 Mt Patapsco Ct
Ellicott City
4 beds, 3 full bathsLot size: 31,128 sqftYear built: 1989 -
$584,900 - 18418 Harbour Town Ter
Leesburg
3 beds, 2 full, 1 part bathsHome size: 2,579 sq ftLot size: 6,534 sqftYear built: 1999 -
$260,000 - 11709 Legacy Woods Dr
Fredericksburg
3 beds, 2 full bathsLot size: 7,137 sqftYear built: 2004 -
$650,000 - 8021 Lions Crest Way
Gaithersburg
4 beds, 4 full, 1 part bathsLot size: 15,215 sqftYear built: 1994 -
$389,900 - 722 Annatana Dr
Forest Hill
4 beds, 3 full, 1 part bathsLot size: 9,248 sqftYear built: 1997 -
$369,900 - 7428 Erska Woods Ct
Springfield
4 beds, 3 full, 1 part bathsLot size: 1,350 sqftYear built: 1985 -
$399,000 - 2901 Boston St #513
Baltimore
2 beds, 2 full, 1 part bathsHome size: 1,644 sq ftYear built: 1985 -
$325,000 - 5307 Avalon Pl
Alexandria
3 beds, 2 full, 1 part bathsHome size: 1,860 sq ftLot size: 1,500 sqftYear built: 1983 -
$169,900 - 428 Meghann Dr
Woodstock
3 beds, 2 full bathsHome size: 1,360 sq ftLot size: 19,036 sqftYear built: 1996 -
$159,900 - 16 Frick Ave
Waynesboro
3 beds, 2 full bathsHome size: 1,515 sq ftLot size: 14,375 sqftYear built: 1971 -
$59,900 - 711 Connelly Rd
Rising Sun
2 beds, 1 full bathLot size: 1.63 acYear built: 1965 -
$449,900 - 321 Presway Rd
Lutherville Timonium
4 beds, 2 full, 1 part bathsHome size: 2,412 sq ftLot size: 16,137 sqftYear built: 1966 -
$1,325,000 - 6026 Edgewood Ter
Alexandria
4 beds, 3 full, 1 part bathsLot size: 8,500 sqftYear built: 1938 -
$270,000 - 7607 Tiverton Dr
Springfield
3 beds, 2 full, 1 part bathsHome size: 1,280 sq ftYear built: 1967 -
$429,000 - 5322 Buxton Ct
Alexandria
3 beds, 2 full, 2 part bathsLot size: 1,804 sqftYear built: 1990 -
$449,990 - 612 Hanna Rd
Bel Air
4 beds, 3 full, 1 part bathsHome size: 4,313 sq ftLot size: 7,710 sqftYear built: 1997 -
$195,000 - 251 Hawaii Ave Ne
Washington
2 beds, 1 full, 1 part bathsLot size: 2,062 sqftYear built: 1942
Recent Columbia, MD Listings
- $275,000 - 7248 Dockside Ln S
- $194,500 - 11239 Snowflake Ct #B
- $289,000 - 9537 Clocktower Ln
- $294,900 - 9485 Clocktower Ln
- $299,900 - 8032 Cipher Row
- $400,000 - 5207 Wood Stove Ln
- $364,900 - 9352 Rustling Leaf
- $164,900 - 6907 Bugledrum Way
- $349,000 - 5158 Phantom Ct
- $424,900 - 9485 Battler Ct
- $149,900 - 9093 Goldamber Garth
- $314,900 - 6258 Deep River Canyon
- $200,000 - 4920 Columbia Rd #2 96
- $390,000 - 5495 Bluecoat Ln
- $389,900 - 6086 Sunny Spg
- $304,900 - 10650 High Beam Ct
-
$275,000 - 7248 Dockside Ln S
Columbia
3 beds, 2 full, 1 part bathsHome size: 1,496 sq ftLot size: 1,611 sqftYear built: 1982 -
$194,500 - 11239 Snowflake Ct #B
Columbia
3 beds, 1 full, 1 part bathsHome size: 1,064 sq ftYear built: 1976 -
$289,000 - 9537 Clocktower Ln
Columbia
3 beds, 2 full, 1 part bathsLot size: 1,742 sqftYear built: 1988 -
$294,900 - 9485 Clocktower Ln
Columbia
3 beds, 2 full, 2 part bathsHome size: 1,967 sq ftLot size: 1,481 sqftYear built: 1984 -
$299,900 - 8032 Cipher Row
Columbia
3 beds, 2 full, 1 part bathsLot size: 15,812 sqftYear built: 1981 -
$400,000 - 5207 Wood Stove Ln
Columbia
4 beds, 2 full, 1 part bathsLot size: 6,528 sqftYear built: 1970 -
$364,900 - 9352 Rustling Leaf
Columbia
4 beds, 2 full, 1 part bathsHome size: 1,700 sq ftLot size: 13,283 sqftYear built: 1974 -
$164,900 - 6907 Bugledrum Way
Columbia
4 beds, 2 full bathsLot size: 7,492 sqftYear built: 1976 -
$349,000 - 5158 Phantom Ct
Columbia
4 beds, 2 full bathsHome size: 1,595 sq ftLot size: 7,800 sqftYear built: 1970 -
$424,900 - 9485 Battler Ct
Columbia
3 beds, 2 full, 1 part bathsHome size: 2,758 sq ftLot size: 13,593 sqftYear built: 1971 -
$149,900 - 9093 Goldamber Garth
Columbia
3 beds, 2 full, 1 part bathsLot size: 7,800 sqftYear built: 1973 -
$314,900 - 6258 Deep River Canyon
Columbia
3 beds, 2 full, 1 part bathsHome size: 1,840 sq ftLot size: 1,307 sqftYear built: 1996 -
$200,000 - 4920 Columbia Rd #2 96
Columbia
2 beds, 2 full bathsHome size: 1,016 sq ftYear built: 1988 -
$390,000 - 5495 Bluecoat Ln
Columbia
4 beds, 3 full, 1 part bathsLot size: 8,050 sqftYear built: 1971 -
$389,900 - 6086 Sunny Spg
Columbia
4 beds, 2 full, 1 part bathsLot size: 4,843 sqftYear built: 1978 -
$304,900 - 10650 High Beam Ct
Columbia
4 beds, 2 full, 2 part bathsYear built: 1979