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Old 02-22-2010, 08:34 AM
 
Location: Rock Hill, SC
30 posts, read 178,149 times
Reputation: 29

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They have ordered our home and now they are in the process of building it. What do I need to shop for homeowners insurance and how do I do it? I want to start with my auto insurance company, but they told me I would not get a discount since it would be escrowed.
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Old 02-22-2010, 08:39 AM
 
Location: Plano, Texas
1,675 posts, read 6,796,264 times
Reputation: 697
Ask friends and family members for a referral. AAA, the car club, has great rates on home owners insurance.
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Old 02-22-2010, 09:03 AM
 
Location: Wake Forest, NC
835 posts, read 3,857,804 times
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Never heard of not getting a multi policy discount because your homeowners is being escrowed. I'e escrowed for the past 17years on multiple homes with different insurance companies and always got the discount.

Like Victor said get referrals and offer to bring your car insurance to them as well.
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Old 02-22-2010, 09:05 AM
 
Location: Atlanta Ga
64 posts, read 188,149 times
Reputation: 32
Im with Allstate and we recieved a discount and im in escrow too. shop around and when you do, u might want to move your auto with them too...
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Old 02-22-2010, 10:12 AM
 
Location: South Jersey
322 posts, read 523,145 times
Reputation: 260
All good advice so far. Referrals are nice because at least theres some familiarity, and keeping all of your insurance under one roof is the hot new money saving trend. Another avenue is insurancequotes.com, it functions very much like lendingtree.com. Let them fight over you!
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Old 02-22-2010, 10:33 AM
 
39 posts, read 113,386 times
Reputation: 36
It sounds like this may be your first house? If you are not familiar with homeowners insurance make sure you choose a company or agent that is willing to sit down with you and explain the coverages with you. If you are just shopping for lowest cost you may not get the best policy for you and your family.
I've never heard of a company that doesn't offer mulipolicy discounts because the home is escrowed. insurance companies don't care who pays the bill as long as they are getting paid... Your auto insurance company probably doesn't write homeowners insurance in your state.
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Old 02-22-2010, 04:06 PM
 
Location: Rock Hill, SC
30 posts, read 178,149 times
Reputation: 29
I went today and did this. I ended up going with State Farm. I am paying 15 dollars more than auto, but I am getting a great deal on homeowners. I am getting a modular and everywhere we went said it is considered a manufactured home, and was writing it up like that. I find out that this is the incorrect way to write it. So, we went with State Farm and we are saving almost 200 dollars doing it this way. Our car insurance is 181 up from 166 with Nationwide, and our homeowners with a 1000 deductible is 540 a year. They also sat down with me for almost 2 hours and went over everything we had. I am very happy with my policy and my new company.
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Old 02-23-2010, 04:59 AM
 
20,793 posts, read 58,622,161 times
Reputation: 10668
Quote:
Originally Posted by dad2jules View Post
Never heard of not getting a multi policy discount because your homeowners is being escrowed. I'e escrowed for the past 17years on multiple homes with different insurance companies and always got the discount.

Like Victor said get referrals and offer to bring your car insurance to them as well.
The discount might because they are paying annually vs monthly.
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Old 02-23-2010, 05:37 AM
 
Location: Wake Forest, NC
835 posts, read 3,857,804 times
Reputation: 650
Lending Tree is a marketing company. You want 3 quotes fine, you want 6 no problem we can sell you contact information as many times as you want.
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