The Advantages of Having Your Insurance Policies With One Carrier

Americans have more insurance needs than ever at this point in time. In today’s society it is incredibly important to protect yourself- provide for your family if you are no longer able, and protect your assets from liability risks. This requires a number of insurance policies. The average consumer may have insurance for their car, home, personal property, business, life, health, disability, etc.

When taking out insurance policies the questions arises as to whether or not the policies should be kept with the same provider or if it is better to use multiple sources to care for your insurance needs. Here are two BIG reasons to keep your insurance under one roof…


A Single Point of Contact:

When you use one insurance company for everything, it makes life simpler. You have one carrier that holds all your policies, therefore there is only on place to contact whenever you have questions or need to file a claim. Having one carrier means less paperwork for you; instead of having multiple files for each company that insures you, your paperwork can be kept in one master file.

This can be especially helpful in the case of needing to file an insurance claim. For example, if you are the one who deals with your family’s insurance needs, your spouse may not know which company holds your life insurance and it may be an unnecessary headache for them in the event of a disaster. Bottom line: having everything bundled with one insurance carrier makes life a lot easier.


Multi-Line Discounts:

Insurance is a highly competitive business and the last thing a carrier wants is for you to have some of your policies with another company that may try to steal your business. For this reason, most insurance companies offer multi-line discounts that offer savings if you bundle multiple insurance policies with that single carrier.


The Best of Both Worlds:

Even with multi-line discounts, there may be other scenarios when your insurance needs are more unique and certain carriers are not as competitive in specific areas where you require coverage. However, just because you need to use multiple carriers for the best price, does not mean that you cannot keep your policies with a single agent. When you deal with an independent insurance agency, like Putnam Record Agency, they have access to a variety of insurance carriers. This gives them the ability to shop around for you and match up your insurance needs to the carriers that offer the best coverage and rates that work best for you. And if you do need to have multiple insurance carriers due to the specific type or due to rates, an agent/ single point of contact can ensure that your insurance is organized and can check up on your policies to make sure that you have the best rate and coverage available.

13 Responses to “The Advantages of Having Your Insurance Policies With One Carrier”

  1. Julius Wither Amberfield

    It was something that I truly appreciate when you said that having everything bundled with one insurance company will make life a lot easier because everyone will know which company holds the insurance in an event that something unfortunate happened. Well, I’m not married yet, but I totally get where you’re coming from. I’m planning to get a personal insurance soon because of the nature of my job, and I’m thinking that it will be absolutely beneficial if we just chose a single insurance provider for all of my family’s insurance needs. Thanks. I’ll talk to my parents about this.

  2. Gillian Babcock

    My sister wants to have insurance now as a safety net because she started earning her own money. It was explained here that it will be best to consult independent agencies because she can have multi-line discounts. Moreover, it’s recommended to go to a trusted independent insurance agency for quality services.

  3. Mia Stewart

    I like how the article explains that by having all your insurance policies under one carrier, it will be more simple because you won’t have to do as much paperwork or have to go to multiple companies to get help. Often I get very confused and frustrated when I have to work with multiple companies to try to get information or help with something. Getting all my insurance policies under one carrier will help me to not have to deal with multiple companies and I can get help from one place.

  4. Elisabeth Southgate

    I never really thought about keeping all my insurance under one provider. I like what you said about the insurance companies offering multi-line discounts for bundling. My husband and I are always looking for ways to make our budget go further. Maybe we will have to look into discounts for bundling our insurance.

  5. Steele Honda

    Thanks for pointing out the advantages of having your insurance policies with one carrier. I like that you said that it can be convenient because you only have to have a single point of contact. My husband and I are thinking about getting home insurance and I think it would be smart to bundle it with our other insurance to help make everything easier.

  6. Ashley Johnson

    I liked that you explained that one thing to consider when buying insurance is bundling coverage for many different aspects of your life with one carrier. I would agree that this would help reduce the stress of contacting your providers to make a claim. I would be sure to bundle my insurance plans with one carrier so that I know exactly who to call in case of an accident.

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