Bundling auto and home policies can help you save money by purchasing both from the one company. The average savings is 15%, but it varies by policy and state. Shop around for the insurance bundles that best suit your needs.
Why bundle?
Many people buy both their car and home insurance through the same company. This is for many reasons. Some people want discounts while others simply want to simplify policy management. Customers who file many claims may also find it beneficial to use one insurer for all their coverage needs.
It's a great way to save, but not the only one. Shopping around and getting quotes from several companies will also help you get lower rates.
You can determine whether you will save money by bundling policies by comparing the prices of several different insurance companies. You can do this by comparing rates, as well as customer satisfaction and financial stability ratings.
What are the pros of bundling?
Bundling can save you lots of money. However, you have to make sure it is worth the effort and time. You should also check whether the insurer that you select uses a tier-one insurer for your auto and home policies. You may find your insurance less secure or that you're paying more.
Why should I select a single insurer to cover my auto and house policies?
Combining home and auto policies with one provider simplifies the management of your policy. This can include aligning renewal periods and effective dates, combining billing statements, and more.
Simplified insurance management
Take advantage of benefits like a single loss deductible on your car and homeowners insurance. You can use the same account for checking your premiums, making payments or downloading an app to do it all from one place.
Insurance security
If you enjoy a good working relationship with your insurance company and have made few claims or none at all, bundling auto and home insurance will help you to avoid losing coverage in an accident. The insurance company may also be less inclined to drop either your home or your auto policy in the event that you have a large claim.
The bundled rate must also match the base premium that you currently pay to your carrier. Bundling is less effective if the underlying rate you pay is lower.
Use our Policygenius Bundling Ratings to compare home and auto insurers, and determine which one offers the best bundle. These ratings consider each insurer's financial stability and strength, customer satisfaction scores and bundling discount options, as well as coverage options.