Do the math before your combine policies

Popular wisdom is to place your auto, home and umbrella with the same company.  While this may be true most of the time it is not true all of the time.  All companies have some form of multi-policy savings available.  Many times this savings combined with the convenience of one company makes this the practical thing to do.  But does it make financial sense.

Let’s say your multi-policy discount on your home insurance is worth $80.  Now you get an auto insurance quote that saves $300.  $300-$80 =$220 is it enough to split up your policies?  Your decision of course, but definitely worth considering.