You never want to pass up the opportunity to save on insurance.
And for many, bundling home and auto insurance is one of the easiest ways to earn a discount and knock a significant chunk of change off your monthly rates. All “bundling” means is you’re buying home insurance and car insurance from the same company. For homeowner-driver hybrids, looking into bundling is a no-brainer.
Fortunately, pretty much every major insurance company offers this discount. But before you get started, you’ll want to figure out if bundling home and auto is right for you. As always, it pays to do your research. That means comparing car and home insurance quotes side by side. After all, finding cheap auto insurance at one company and cheap home insurance at another can sometimes be a better deal than a bundling discount at a pricey provider.
Luckily, Insurify makes it easy to compare free home and auto insurance quotes. Taking advantage of Insurify’s easy-to-use interface is one of the best ways to both compare auto insurance quotes and compare home insurance quotes, and find the insurance coverage that meets your needs and budget.
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How does bundling home and auto insurance coverage help you save?
Generally, when you bundle home and auto, you can expect a pretty significant insurance discount. A 10 to 20 percent bundle discount is pretty standard, but certain outliers will knock even more off your rates if you bundle. And the savings are just one part of the equation to consider. Here are a few other benefits of bundling:
- Convenience. One underrated bonus of bundling is how much easier managing your insurance becomes. You only have to deal with one company for all of your insurance needs, whether you’re filing an insurance claim or adding a family member to your policy. Having a single point of contact for all things insurance can save you from plenty of hassles.
- Building loyalty. When you go to one company for both your home insurance and auto insurance needs, you inevitably build a better relationship with that provider and their insurance agents, and your insurance company will have a greater incentive to ensure customer satisfaction. You might receive more personalized service or stick with the company long enough to qualify for loyalty discounts. You may even end up buying life insurance from that company and saving even more.
- Easier to find coverage. Maybe you have a high-risk home that is more expensive to insure. You might find this makes it harder to find an insurance company willing to cover your home. If so, your chances of finding a policy are higher if you also plan to buy car insurance from that company.
Home and Car Insurance Quotes: Bundling Insurance
So you’ve decided that these benefits make bundling worth it. Now let’s see how you get started unlocking this customer-friendly discount.
How do you bundle your home and auto insurance?
Insurance companies love the idea of new customers doing all of their insurance business with their company. That’s why they typically make it very easy to bundle home and auto insurance, even though they’re two separate insurance products. For instance, Progressive will automatically apply a discount to your policy when you buy home and auto with them.
Often, people already have a car insurance policy before buying homeowners insurance. They might have been renting an apartment but are finally ready to buy a place of their own—and need homeowners insurance to do so. To bundle, simply contact the company you already have your auto policy with and let them know you’re interested in homeowners insurance as well. When you’re billed later that month, be sure to double-check that the multi-policy discount has been applied. What if you own a condo, not a traditional house? Don’t fear––many insurance companies offer bundle discounts for bundling condo insurance with auto policies as well.
How much will bundling actually save you?
Before you actually bundle, you want to make sure the discount is worth it. As we’ve said, sometimes cheap policies from two separate providers are more affordable than two expensive (but discounted) policies from the same insurer.
The average yearly car insurance premium you can expect to pay is anywhere from $1,000 to $2,000. This price will, of course, vary based on your state of residence and your driving history. And in the United States, the average homeowners insurance premium costs $1,192 annually to protect your personal property—though again, this varies based on your circumstances, and doesn’t mean you’re guaranteed a totally covered loss.
For the sake of simplicity, let’s say you pay $2,000 for car insurance and $1,000 for homeowners insurance for a total of $3,000 yearly. If these policies are at the same insurance company, you can save 10 percent with a multi-policy discount, for a savings of $300 annually. Not bad!
But maybe you decide that instead of taking advantage of this discount, you want to move your car insurance to another company, one that only costs $1,500 yearly. In this case, you’d be paying $2,500 annually for home and auto, which is less than the amount you’d pay after bundling. So while a discount is always hard to pass up, make sure it’s actually the option that will save you the most money.
So how can I make sure I’m getting worthwhile savings when I bundle?
We have one word for you: quotes. Consistently researching car and home insurance quotes is the best way to ensure you’re making the right move when buying car and home insurance.
As we saw above, there may be instances where bundling isn’t worthwhile. The 10 percent savings you earn from buying home and auto at one company might still cost more than buying a cheap auto insurance policy from Company A and a cheap home insurance policy from Company B.
To make sure you never pay too much, turn to Insurify. Insurify’s real-time quoting tools make it easy to compare car insurance quotes and compare home insurance quotes. These quotes factor in any applicable discounts, so you can rest assured you see the most accurate dollar amount. Then you can know for sure whether or not bundling is worthwhile.
Best Home and Auto Insurance Bundles for 2021
As we’ve discussed, almost any major insurance company offers some sort of bundling discount. Below we’ll highlight a few standouts and outline just how much you can end up saving.
What you can expect to save: Progressive’s multi-policy discount takes 10 percent off your auto policy. More specifically, their website claims you can save an average of $1,029 when you bundle your home and auto policies.
Progressive’s home and auto is best for: Young couples. According to Insurify’s data, Progressive offers some of the lowest car insurance rates for married drivers, as well as a generous multi-vehicle discount. Add on their reasonable homeowners insurance rates, and you have a solid home and auto bundle for young couples just starting out. Progressive also offers a discount to drivers who sign up for their miles-tracking mobile app, Snapshot.
What you can expect to save: Bundling home and auto with Allstate can lead to dramatic savings, including up to 10 percent off your auto insurance and up to 25 percent off your homeowners insurance.
Allstate’s home and auto is best for: People in extreme climates. Because Allstate makes it easy to add specialty coverage options like flood insurance onto your homeowners policy, it’s an excellent option for folks who might routinely experience extreme weather. And the 25 percent you save on homeowners insurance when you bundle can really help those who have higher home insurance premiums due to their high-risk location.
What you can expect to save: Customers who bundle their home and auto insurance with Esurance can expect a discount of up to 10 percent.
Esurance’s home and auto is best for: People who value convenience. After all, Esurance is all about making it easy to pay online. And Esurance also tries to simplify things by having customers who bundle only pay one deductible if they have an accident involving their car and their home.
What you can expect to save: State Farm says that those who bundle with them will save hundreds of dollars—or an average of $854 in savings, to be exact.
State Farm’s home and auto is best for: Drivers with less-than-perfect driving records. According to Insurify’s data, State Farm drivers with an at-fault accident on their record pay, on average, $61 per month, which is one of the lowest rates around. Combine that with State Farm’s well-respected homeowners insurance, and you have an affordable bundle for a driver who might be expensive to insure.
What you can expect to save: Policyholders who bundle home and auto insurance with USAA will knock 10 percent off their premium.
USAA’s home and auto is best for: Military families. Those who’ve served our country are USAA’s target audience, thanks to the company’s long-term commitment to the armed forces. If you’re a veteran or current military member, few providers can match USAA’s affordability.
What you can expect to save: GEICO claims users can unlock “real savings” when they bundle home and auto, though you’ll have to contact the company directly to learn just how much you’ll save.
GEICO’s home and auto is best for: Young drivers. GEICO offers some of the most generous car insurance rates for young drivers, as well as youth-friendly discounts like their Good Student Discount. They also make it easy to bundle auto and renters insurance. So if you’re a young person who is renting an apartment but eventually wants to make the switch to bundling homeowners insurance, GEICO is a great company to start out with.
What you can expect to save: Nationwide has plenty of bundling options, and those who bundle their home insurance policy with their car insurance policy can save up to 25 percent.
Nationwide’s home and auto is best for: People with multiple vehicles. Because Nationwide has no shortage of bundling options, it’s an excellent option for those who want to combine homeowners insurance with a motorcycle or boat policy.
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The Best Home and Auto Insurance Quotes, Bundles: Quick Questions
How can I get multiple car and home insurance quotes online?
Going from website to website and writing down a bunch of different insurance quotes is a pain. And along the way, you might miss some important information. That’s where Insurify comes in. With Insurify, you can see all of the car insurance and homeowners insurance quotes you need. And all of these quotes are in one place, which makes comparing rates easy.
Can I bundle car insurance and renters insurance?
Maybe you aren’t yet a homeowner, but still want to make the most of the multi-policy discounts at your disposal. Well if you have renters insurance or condo insurance, you might be able to bundle it with your auto insurance, depending on your provider. Most major providers like State Farm, Allstate, and Liberty Mutual provide this bundling option. And because renters insurance is typically so cheap, you might be able to add renters insurance on top of your auto insurance for as little as a few dollars per month.
How can I make sure I’m not overpaying for my car and home insurance policies?
It never feels good to buy insurance coverage, then immediately realize you could have paid less if you opted for another provider. That’s why it’s important to compare auto insurance quotes and compare home insurance quotes before settling on a provider. Insurify’s free quotes are all about giving you the information you need while browsing for insurance—so that you can get the right insurance coverage at the right price.
Conclusion: The best way to save on car and home insurance
When it comes to buying home and auto bundles, doing your research is critical. Some providers might have affordable car insurance policies but expensive homeowners insurance policies. And the discounts you receive with one home insurance company might pale in comparison to what a competitor is offering.
Researching with a quote-comparison site and virtual insurance agency like Insurify is the key to lower insurance cost. When you compare car insurance quotes and compare home insurance quotes, you can better understand the home and auto insurance landscape. It can be a head-spinning world of different rates and discounts—so having all of the free quotes you need in one place gives you a leg up as you search for the best deal. Insurify partners with leading insurers like Nationwide and Liberty Mutual to provide you with the best possible deal on your insurance––in minutes!