At the beginning they do, but usually, the discount only comes into play when you get both auto and home owners insurance through the same company. If they provide the discount just for owning the home, they will probably call the tax assessor’s office at some point to verify your ownership. References :
June 23rd, 2010 | 1:15 pm
Jessi:
Doesn’t matter if you own your home (make no mortgage payment), "own" your home (make a mortgage payment), or rent.
As long as you have an address and you are living there, you get a discount on your auto insurance. But only if your home owner’s insurance & auto insurance are from the same insurance company.
We have renters insurance & auto insurance with the same company and get a discount. References :
June 23rd, 2010 | 2:01 pm
ronaldkarl3:
I have geico car insurance and travelers home owners insurance. A representative from travelers actually came out to my house and ’surveyed’ the area. References :
June 23rd, 2010 | 2:06 pm
mbrcatz:
Home ownership is easily verifiable via the property tax websites.
If you’re talking about, specifically, the Progressive discount for owning your own home, they’ll want a copy of your property tax bill or homeowners insurance policy. References :
June 23rd, 2010 | 2:38 pm
car253:
Most companies give you a discount if you have your homeowners or renters insurance with the same company that has your auto insurance.
You cannot just own a home. You have to have the both insurance policies with the same company. References :
June 23rd, 2010 | 3:18 pm
Ginger:
It completely depends on the company. Some companies verify, others don’t. References : Owner of an insurance agency. Twenty one years experience.
June 23rd, 2010 | 3:28 pm
Margarita D:
Many companies (not just Progressive) are now offering a very small rating discount on their automobile insurance for clients that own their own homes or condominiums. The rationale behind this discount is that they have found that homeowners tend to be more stable whereas people who rent are more transient and therefore the reasoning goes have a higher tendency towards accidents or claims (this is probably based on actuarial data). This discount is different from the discount offered by insurance companies for purchasing multiple policies such as home and auto insurance which usually tends to be a higher percentage and is based on the premise that the more policies you have with an insurance company the greater the possibility for your retaining your policies with them and the longer you keep your insurance the more profitable you are as a client.
To specifically answer your question though–some companies now have reports that they order from companies such as ChoicePoint (LexisNexis) that automatically verifies whether you own your home or condominium, other companies will verify the information by accessing the state tax assessors website (property ownership records are considered public information which can be accessed by anyone through the internet) and some companies will ask you for proof such as a copy of your homeowners insurance, tax bill, mortgage statement, title insurance binder, etc.
I hope this information helps. Good Luck! References : Certified Insurance Counselor, Licensed Insurance Agent & Broker for over 29 years.
At the beginning they do, but usually, the discount only comes into play when you get both auto and home owners insurance through the same company. If they provide the discount just for owning the home, they will probably call the tax assessor’s office at some point to verify your ownership.
References :
Doesn’t matter if you own your home (make no mortgage payment), "own" your home (make a mortgage payment), or rent.
As long as you have an address and you are living there, you get a discount on your auto insurance. But only if your home owner’s insurance & auto insurance are from the same insurance company.
We have renters insurance & auto insurance with the same company and get a discount.
References :
I have geico car insurance and travelers home owners insurance. A representative from travelers actually came out to my house and ’surveyed’ the area.
References :
Home ownership is easily verifiable via the property tax websites.
If you’re talking about, specifically, the Progressive discount for owning your own home, they’ll want a copy of your property tax bill or homeowners insurance policy.
References :
Most companies give you a discount if you have your homeowners or renters insurance with the same company that has your auto insurance.
You cannot just own a home. You have to have the both insurance policies with the same company.
References :
It completely depends on the company. Some companies verify, others don’t.
References :
Owner of an insurance agency. Twenty one years experience.
Many companies (not just Progressive) are now offering a very small rating discount on their automobile insurance for clients that own their own homes or condominiums. The rationale behind this discount is that they have found that homeowners tend to be more stable whereas people who rent are more transient and therefore the reasoning goes have a higher tendency towards accidents or claims (this is probably based on actuarial data). This discount is different from the discount offered by insurance companies for purchasing multiple policies such as home and auto insurance which usually tends to be a higher percentage and is based on the premise that the more policies you have with an insurance company the greater the possibility for your retaining your policies with them and the longer you keep your insurance the more profitable you are as a client.
To specifically answer your question though–some companies now have reports that they order from companies such as ChoicePoint (LexisNexis) that automatically verifies whether you own your home or condominium, other companies will verify the information by accessing the state tax assessors website (property ownership records are considered public information which can be accessed by anyone through the internet) and some companies will ask you for proof such as a copy of your homeowners insurance, tax bill, mortgage statement, title insurance binder, etc.
I hope this information helps. Good Luck!
References :
Certified Insurance Counselor, Licensed Insurance Agent & Broker for over 29 years.