Bundling home and auto insurance means buying multiple policies from the same provider. Most people bundle their home and auto insurance to potentially save money. It’s a simple move that may reduce your premiums and make managing policies easier.
You’ll learn how to bundle home and auto insurance for potential savings, what to expect, and how much you might save.
Is It Better to Bundle Home and Auto Insurance?
Bundling works well for many people. On average the cost of home insurance in the US is $2,601 annually.
Meanwhile the average cost of full coverage auto insurance is $2,685 annually.
Bundling insurance saves money for most and makes things easier to manage. But it’s not always the best option for everyone.
Benefits of bundling home and auto insurance may include:
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Fewer bills to manage: Having one provider means one statement, one payment, and one renewal date. It’s easier to stay organized.
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Streamlined customer service: You only need to contact one company. This helps when updating your information or filing a claim.
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Extra perks: Some companies offer additional features to bundled customers. These can include accident forgiveness, priority service, or waived deductibles for combined claims.
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Loyalty rewards: Insurers may offer better rates over time to customers who bundle and stay with them.
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Better coordination of claims: If your home and car have damages from the same event, the process is smoother when one company handles both.
But there are some potential drawbacks:
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Limited flexibility if one policy isn’t a good fit.
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Possible loss of savings if you qualify for special discounts elsewhere.
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Fewer chances to compare rates from different insurers.
Always compare both options. Ask your insurer how much you can save by bundling. Then compare that with what you’d pay for separate plans. Choose the setup that gives you the best value. A benefit of working with an independent agent is they have many insurance carriers to choose from, giving you a variety of options for coverage and cost.
How Much Do You Save Bundling Home and Auto Insurance?
Insurers reward you for giving them more business. The more policies you bundle, the higher your discount may be. But other factors also affect how much you save bundling home and auto insurance.
These include:
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Type of home and vehicle
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Where you live
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Claims history
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Credit score
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Chosen coverage limits and deductibles
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Length of time with the insurer
Always ask for a quote that shows both bundled and individual policy prices. This makes it easier to compare and decide.
How to Bundle Home and Auto Insurance for Savings
Bundling is a simple process but taking a few smart steps can help you save more. Start by gathering the right information and comparing offers.
Here’s how to bundle home and auto insurance for savings:
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Ask your current insurance companies if they offer bundles.
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Speak with local insurance agents and get price quotes from other insurance companies.
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You may use online tools to check multiple quotes at once.
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Compare prices, coverage, and service quality.
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Think about your specific needs before choosing.
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Apply for the new bundled policy.
How to Save on Home and Auto Insurance
Bundling is a smart way to realize potential savings on home and auto insurance, but there are other ways to lower your costs too.
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Raise your deductibles to lower your premiums
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Keep a clean driving record
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Improve your credit score if your state allows insurers to use it
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Ask about discounts for safe driving or home safety features
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Drive fewer miles if you work from home or live close to work
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Review your coverage yearly and remove extras you don’t need
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Stay with the same insurer if they offer loyalty discounts
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Pay your premiums in full if it gives you a discount
Using these tips along with bundling home and auto insurance can increase your total savings. Learn more about home and auto insurance bundle here.
This post is for informational purposes. The details and conditions of insurance policies vary. We always recommend speaking with an agent to understand the terms of your existing policies and the policies you plan to purchase.
To consult with an insurance advisor, call 800-392-6532 or email .
