Buying a home, like getting married or having a baby, is a huge milestone. Congratulations on making an investment in your future! Now that you're a homeowner (or about to become one) and have more assets to protect, you should think about beefing up your auto insurance coverage.
protect your assets
Your auto insurance policy protects your finances and assets if you're involved in an accident and have to file an auto insurance claim. Because you increase your assets when you buy a home, you may need to adjust your level of auto insurance coverage. After all, if another driver sues you over damages from an accident and you don't have enough coverage, your belongings, savings, and even your home itself could become vulnerable.
As a rule of thumb, when you buy your auto insurance coverage, get the highest limits you can comfortably afford for coverage like bodily injury, property damage, and uninsured/underinsured motorist bodily injury. Higher limits can mean less out-of-pocket costs if you're in a serious accident. And the small amount you pay now to have ample protection is a far cry from what you could be left owing if you chance it with only the bare minimum and face a nasty post-accident legal situation.
Get a quote from Esurance and use our Coverage Counselor® to help you determine the auto insurance coverage that fits you best.
save money with auto insurance discounts
When you shop around for your auto insurance policy, look for auto insurance discounts. Homeowners, in particular, could score rediculously easy savings without moving a muscle. Just for owning your home or condo, you could qualify for our Homeowners discount and get your car insurance premium reduced.
If you're joining forces with another driver in your new home, that could mean even more savings. Because if you and your partner each have a car, you could save money with our Multi-Car discount on your combined auto insurance policy.
Esurance rewards drivers in tons of other ways, as well. Find out how much you could be saving and what discounts you're eligible for when you get an auto insurance quote from us.
If you're a current Esurance customer and have questions about your discounts, call us at 1-800-ESURANCE (1-800-378-7262).
become a smarter homeowner
Buying a home is an investment in your future. Although there are additional costs associated with becoming a homeowner, like property taxes, water bills, the cost of making repairs and updates, and additional auto insurance coverage, there are many attractive benefits and incentives for making the investment.
Head to the Esurance Info Center for helpful tips and insights on making your home insurance-friendly and managing your auto policy as your living situation changes.
Myth: your home doesn't impact your car insurance
Learn the truth about this myth and what changes you may need to make to your auto policy after buying a home.
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