Be careful however when shopping around to ensure you know exactly what type of policy you have versus the one the new company is offering. Are you comparing apples to apples? Are they offering a cheaper form but in the end there is way less coverage? Are the specific limits for things automatically covered higher with current versus new company like jewellery, bikes etc? What kind of claim reputation do they have?

Also be very aware that most banks sell their own insurance and very likely they are making a pitch to you. Try a broker, not a direct writer who sells only their own product. A broker is someone who knows the type of coverage you have and shops that exact coverage to several different insurers.

Generally it is always cheaper to place auto and property insurance with the same insurer as multipolicy discounts are given. Find out all discounts available now and in future before signing on the dotted line.