Bundling insurance is a great way to save on both your home and car insurance by purchasing them from the exact same company. The average savings is 15%, but it varies by policy and state. The best way to get the best deal on insurance is to compare different packages.
Why bundle?
People buy home and car insurance with the same insurance provider for several reasons. Some want to get discounts, while others just want to simplify their 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. Shop around to compare quotes.
Comparing the costs of multiple policies is the best way to find out if bundling can help you save money. Comparing rates with customer satisfaction and financial strength ratings will help you determine if you can save money by bundling.
What are the advantages of bundling products?
A bundling discount can save you a lot of money, but you need to be sure it's worth the extra time and effort involved. You should also check whether the insurer that you select uses a tier-one insurer for your auto and home policies. This could mean that your insurance isn't as secure or you may be paying more for your coverage.
Why should I choose a single insurer for my home and auto policies?
Combining auto and home insurance with the one provider is an excellent way to simplify your policy management. This can include aligning renewal periods and effective dates, combining billing statements, and more.
Simple insurance management
Take advantage of benefits like a single loss deductible on your car and homeowners insurance. You can check your rates and pay online, or use an app.
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. It also can help to keep your premiums lower, as the insurance company will be less likely to drop your home or auto policies in the event of a large claim on either policy.
The bundled rate must also match the base premium that you currently pay to your carrier. Bundling will be less beneficial if you have lower underlying rates.
Our Policygenius bundle ratings allow you to compare costs and find the insurers that offer the most affordable home and auto insurance packages. These ratings consider each insurer's financial stability and strength, customer satisfaction scores and bundling discount options, as well as coverage options.