Austin Home Insurance - I have typically seen homeowners get a better rate on their auto insurance. There are several factors which make this happen.
Homeowner Discount: Statistics say home owners tent to be a little more careful when it comes to driving. In part this can attributed to the responsibility of owning a home.
Multi Policy Discount: Having your home and auto insurance with the same insurance company may get you a discount and save you money.
Credit: I have seen credit reports, and have noticed ownership of real estate and having a mortgage positively contribute to your credit score.
When can owning a home negatively impact my insurance rate?
Zip Code: Insurance companies use many factors to determine your auto insurance rate. Based on your zip code, insurance companies can determine: accidents in the area, hazard for natural disasters (hail, hurricane), theft, traffic, number of vehicles in the area.
If the zip code where you live or own your home is considered higher risk, you may notice your auto insurance rate will be higher.
Negative Activity on Your Credit: Late payments on your mortgage or a foreclosure will negatively affect your credit which in term may result in higher insurance pricing.
For more information regarding homeowners insurance in Austin contact Texas Prime Insurance in Austin at 512-454-7799.