Buying your health insurance from the same insurer who provides your other insurance policies will get you a discount in health insurance premium. Insurers give you a multi-policy discount to encourage you to buy your other policies from them. Although it pays to take advantage of a multi-policy discount, you may save more by buying your different policies from different insurers. I'll explain this further...

We will make a few assumptions of the rates returned for a particular profile just for explanation purposes. Viz...

Insurer A...

Auto insurance: $2,487

Home insurance: $1,400

Health insurance: $2,320

Insurer B...

Auto insurance: $1,472

Home insurance: $2,120

Health insurance: $2,724

Insurer C...

Auto insurance: $3,500

Home insurance: $2,080

Health insurance: $1,640

You can clearly see that although Insurer B offers this profile the best quote for auto insurance they did not have the best quotes for the other insurance policies. If we assume that he buys the four policies from Insurer B and gets a 10% multi-policy discount his total would be...

$1,472 $2,120 $2,724 = $6,316

$6316 - (10% of $6316) = $5,684.40

But here's what he would pay if he buys each policy from the insurer with the best quote for that policy...

$1,400 $1,472 $1,640 = $4,512

This example shows that it's more profitable for this profile to buy from different insurers as he would save more that way. A difference as high as $1,172.40 isn't one that should be passed off.

This is great; but how do you know which would serve you better as another person could actually be better off with a multi-policy discount? All that it takes is just a simple process that will take you just minutes...

Get and obtain quotes for your different insurance policies from different reputable quotes sites. Check the total you'll pay by buying from insurers who have the best quote for each policy against what your agent says you'll get as multi-policy discount for buying from one insurer.