Best Companies for Auto and Renters Insurance Bundles (2024)

Bundling your car and renters insurance often leads to savings, especially with State Farm and Erie Insurance.

Sarah Sharkey
Written bySarah Sharkey
Sarah Sharkey
Sarah SharkeyInsurance Writer
  • 7+ years writing insurance and personal finance content

  • Contributor to top media, including USA Today

A passionate personal finance advocate, Sarah’s writing has graced the pages of many of the personal finance and insurance industries’ top web publications.

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Katie Powers
Edited byKatie Powers
Photo of an Insurify author
Katie PowersAuto and Life Insurance Editor
  • Licensed auto and home insurance agent

  • 3+ years experience in insurance and personal finance editing

Katie uses her knowledge and expertise as a licensed property and casualty agent in Massachusetts to help readers understand the complexities of insurance shopping.

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Updated December 25, 2024

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Drivers using Insurify have found quotes as cheap as $34/mo for liability only and $40/mo for full coverage.

*Quotes generated for Insurify users within the last 10 days. Last updated on December 25, 2024. Actual quotes may vary based on the policy buyer’s unique driver profile.

Rates shown are real-time Insurify user quotes from 100+ insurance companies and Quadrant Information Services data. Insurify’s algorithm excludes anomalous quotes and anonymizes personal details, then displays refined quotes by price, date, and insurer popularity up to 10 days ago from December 25, 2024. Actual quotes may vary based on the policy buyer’s unique driver profile.

*Quotes generated for Insurify users within the last 10 days. Last updated on December 25, 2024. Actual quotes may vary based on the policy buyer’s unique driver profile.

Rates shown are real-time Insurify user quotes from 100+ insurance companies and Quadrant Information Services data. Insurify’s algorithm excludes anomalous quotes and anonymizes personal details, then displays refined quotes by price, date, and insurer popularity up to 10 days ago from December 25, 2024. Actual quotes may vary based on the policy buyer’s unique driver profile.

Many drivers also rent their apartments, condos, or homes. A lot of insurers offer a bundling discount for customers purchasing multiple policies through the same company.

While the amount you can save with a multi-policy discount varies, most people can save between 5% and 25% with a renters insurance bundle. Beyond the bundling discount, buying multiple policies through a single insurance company can make policy management easier.

Here’s what you should know about bundling your renters and auto insurance.

Quick Facts
  • State Farm, Erie, Allstate, American Family, and USAA each offer insurance bundling opportunities.

  • Bundling policies isn’t the only way to secure a discount. Most auto insurers reward drivers for having a clean driving history, completing a defensive driving course, paying for coverage in full, and more.

  • Some companies that offer insurance bundling may partner with another insurance company to write your policy.

Best companies to bundle renters and auto insurance

You should always consider multiple insurers before buying a policy, paying attention to average costs, coverage offerings, discount options, customer satisfaction, and more.

The table below highlights five of the best insurance companies that offer bundling for renters and auto insurance policies.

Insurance Company
Average Monthly Full-Coverage Car Insurance Quote
Average Monthly Renters Insurance Premium
Bundling Discount
Erie$93$14Up to 25%
State Farm$120$18Not specified
Allstate$138$17Not specified
American Family$171$15Up to 5%
USAA$35–$345$18Up to 10%
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.

State Farm: Best overall

User Reviews
4.2
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
9.3 /10
Liability Only
Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.
$54/mo
Full Coverage
Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.
$119/mo
4.2
Best choiceBased on 9,278 verified guest reviews and ratings
How drivers feel about State Farm

Drivers appreciate the helpful local agents and initial service but dislike the high prices and frequent rate increases.

AI-generated from the text of verified reviews collected by Insurify
Best For
Customer service
Competitive rates
Discounts for safe drivers
How drivers feel about State Farm

Drivers appreciate the helpful local agents and initial service but dislike the high prices and frequent rate increases.

AI-generated from the text of verified reviews collected by Insurify
Best For
Customer service
Competitive rates
Discounts for safe drivers
Reviews (5,096)

Andrew

December 24, 2024

Verified Review

Drive Sensors are a Scam

Their 'Drive Safe and Save' setup is a scam that kills my discount. No matter how gently I brake, it registers it as a hard brake. Even when I present them with dash cam video that has the same timestamp and GPS location, they claim their inexpensive device is more accurate than my high-end dash cam.

Mary

December 23, 2024

Verified Review

Rob Becker State Farm is Perfect!

Rob Becker is wonderful! He always answers my calls and provides excellent service. My car has never been in better hands!

Steve

December 23, 2024

Verified Review

Insurance

The coverage is good, but after a few years, the price skyrockets despite having no claims in the last 5 to 6 years for both home and auto.
See all State Farm reviews
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
842
NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
0.78
A.M. Best
A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
A++
Why we picked this company

State Farm advertises that policyholders who bundle their renters and auto insurance can save up to $704 on their policies. The largest insurance company in the nation by market share, State Farm has an AM Best financial strength rating of A++ (Superior).

Plus, State Farm has a wide network, which means you can work with a State Farm agent who’s knowledgeable about your area as you consider insurance bundling.

Pros
  • Can save hundreds when opting to bundle

  • Above-average J.D. Power customer satisfaction rating

Cons
  • No specific percentage advertised for savings opportunity

  • No gap insurance for auto insurance policies

Erie: Best for Mid-Atlantic states

User Reviews
4.1
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
9.0 /10
Liability Only
Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.
$49/mo
Full Coverage
Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.
$93/mo
4.1
Best choiceBased on 254 verified guest reviews and ratings
How drivers feel about Erie Insurance

Drivers appreciate the excellent customer service, fair pricing, and responsive assistance. However, some are unhappy with unexpected rate increases and policy cancellations.

AI-generated from the text of verified reviews collected by Insurify
Best For
High customer satisfaction
Competitive rates
Optional coverages
How drivers feel about Erie Insurance

Drivers appreciate the excellent customer service, fair pricing, and responsive assistance. However, some are unhappy with unexpected rate increases and policy cancellations.

AI-generated from the text of verified reviews collected by Insurify
Best For
High customer satisfaction
Competitive rates
Optional coverages
Reviews (134)

Bob

December 22, 2024

Verified Review

Erie is fine when rates hold steadfast, but current trends say otherwise!

Generally, Erie is pretty respectable, but premiums rose by 25 to 32 percent in 2024. I'm shopping around, but offers for alternative policies are lacking.

Valerie

December 20, 2024

Verified Review

Erie is good, but with our clean driving record, it should be cheaper

It's good insurance, but I believe I could find it cheaper elsewhere.

Lacy

December 11, 2024

Verified Review

They were okay, I guess

They're okay, I guess. They wouldn't sell me full coverage because my car had just a couple of dents, but I still thought it looked good.
See all Erie Insurance reviews
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
870
NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
0.49
A.M. Best
A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
A+
Why we picked this company

Erie provides good customer service, which contributes to its very high customer satisfaction rating in the J.D. Power 2023 U.S. Auto Claims Satisfaction Study. The company offers a bundling discount of up to 25%. Erie’s biggest downside is its limited availability, which includes only 12 states and Washington, D.C.

Pros
  • A+ (Superior) AM Best financial strength rating

  • Save up to 25% when you bundle policies

Cons
  • Limited availability

  • Must file claims and finalize policy purchases through a live agent

Allstate: Best for extra discounts

User Reviews
4.0
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
8.9 /10
Liability Only
Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.
$61/mo
Full Coverage
Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.
$133/mo
4.0
Best choiceBased on 5,771 verified guest reviews and ratings
How drivers feel about Allstate

Drivers appreciate the initial pricing and overall service but dislike the frequent rate increases and misleading pricing tactics.

AI-generated from the text of verified reviews collected by Insurify
Best For
Accident forgiveness
Wide availability
Cheap rates
How drivers feel about Allstate

Drivers appreciate the initial pricing and overall service but dislike the frequent rate increases and misleading pricing tactics.

AI-generated from the text of verified reviews collected by Insurify
Best For
Accident forgiveness
Wide availability
Cheap rates
Reviews (3,147)

Jean

December 24, 2024

Verified Review

Extremely Disappointed

I was very disappointed when they raised my rate by $160.00 because I bought a new home. They said it was based on zip code, which I find hard to believe.

Robert

December 24, 2024

Verified Review

High Price for Low Mileage Driving Seniors

Allstate is a good company, but they do not provide a significant enough discount for seniors who drive under 5000 miles a year. This is considering that the mileage is for two vehicles in total.

David

December 23, 2024

Verified Review

Very Unhappy with How My Account Was Handled

I called Progressive five months ago to cancel my policy, but they still withdrew over $1000 from my account. When I contacted them, they told me I'd have to call someone else. Despite promises of return calls, there were none for weeks. I finally got a hold of someone last week, and she said they don't acknowledge insurance companies' calls to cancel policies. She admitted knowing about my cancellation request, yet they didn't cancel the policy and took my money anyway. I plan to forward a letter like this to the Florida Insurance Commissioner.
See all Allstate reviews
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
833
NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
0.94
A.M. Best
A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
A-
Why we picked this company

Allstate offers a savings opportunity when you bundle your renters and auto insurance. If you own a motorcycle, you can also bundle motorcycle and renters insurance together. Unfortunately, the company doesn’t outline how much you can save.

But drivers can tap into a range of other discounts, like automatic payment and safe driving discounts, when working with Allstate. Attractive renters insurance rates make it worthwhile to get a quote from this insurer.

Pros
  • Above-average J.D. Power customer satisfaction rating

  • A+ (Superior) AM Best rating

Cons
  • Doesn’t share a specific percentage for savings opportunity

  • Higher prices than some competitors

American Family: Best for top-tier customer service

User Reviews
4.5
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
9.1 /10
Liability Only
Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.
$72/mo
Full Coverage
Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.
$160/mo
4.5
Best choiceBased on 397 verified guest reviews and ratings
How drivers feel about American Family

Drivers appreciate the responsive customer service and reliability but dislike the high prices and frequent rate increases.

AI-generated from the text of verified reviews collected by Insurify
Best For
Outstanding customer service
Flexible coverage options
Families with young drivers
How drivers feel about American Family

Drivers appreciate the responsive customer service and reliability but dislike the high prices and frequent rate increases.

AI-generated from the text of verified reviews collected by Insurify
Best For
Outstanding customer service
Flexible coverage options
Families with young drivers
Reviews (212)

Brad

December 23, 2024

Verified Review

Outstanding

Our agent was awesome.

Kelley

December 2, 2024

Verified Review

They raise rates every two months. They handled an incident where my wife got rear-ended and then raised the rate.

They raise rates every two months. They handled an incident where my wife got rear-ended and then raised the rate.

Jim

November 30, 2024

Verified Review

Highway Robbery

I had no claims, yet my premiums are skyrocketing. The app for auto monitoring seems to be negatively skewed for those of us who drive very little. The agents are unresponsive and add no value.
See all American Family reviews
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
840
NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
0.3
A.M. Best
A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
A
Why we picked this company

American Family has earned top-tier customer satisfaction ratings in most of the regions it covers. As a renter who drives, you can save up to 5% when you bundle. Although American Family isn’t the cheapest option for most people, its high rates of customer satisfaction bode well for a hassle-free experience.

Pros
  • Above-average J.D. Power customer satisfaction rating

  • Save up to 5% when you bundle

Cons
  • Available in only 19 states

  • Slightly lower AM Best financial strength rating than top competitors

USAA: Best for veterans

User Reviews
4.9
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
9.4 /10
Liability Only
Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.
$45/mo
Full Coverage
Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.
$99/mo
4.9
Best choiceBased on 1,650 verified guest reviews and ratings
How drivers feel about USAA

Drivers appreciate the ease of working with the carrier, competitive rates, and responsive service but dislike the price increases and lack of rideshare add-ons in some areas.

AI-generated from the text of verified reviews collected by Insurify
Best For
Members of the military community
Outstanding customer service
Competitive rates
How drivers feel about USAA

Drivers appreciate the ease of working with the carrier, competitive rates, and responsive service but dislike the price increases and lack of rideshare add-ons in some areas.

AI-generated from the text of verified reviews collected by Insurify
Best For
Members of the military community
Outstanding customer service
Competitive rates
Reviews (944)

Ben

December 23, 2024

Verified Review

Best Insurance Coverage

This is an excellent company.

Hartine

December 23, 2024

Verified Review

My experience with customer service was not good.

I would not recommend getting a policy from USAA.

Marie

December 23, 2024

Verified Review

Disappointed with USAA's Car Insurance and Banking Services

I used to believe that USAA was expensive because they offered the best services, but my experience proved otherwise. I had been a customer for over 10 years and even convinced my then-husband to open a checking account with them. We then purchased auto insurance. However, after our separation, I was informed that he was the primary on the auto insurance and I had no rights to print an insurance card for my vehicle. Despite paying for the car insurance, I was unable to view the account. I was upset that they refused to discuss the account with me.
See all USAA reviews
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
880
NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
1.35
A.M. Best
A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
A++
Why we picked this company

USAA offers a discount of up to 10% on renters insurance when you bundle it with an auto insurance policy. The insurance company only works with military members, veterans, spouses, and eligible family members. If you qualify for membership, the company’s relatively low rates make this a good option for many drivers who rent.

Pros
  • Above-average J.D. Power customer satisfaction rating

  • Save up to 10% on your renters insurance policy when you bundle an auto policy

Cons
  • Eligibility limited to people with a qualifying military connection

  • Live customer service not available 24/7

  • When selecting the best companies for renters and auto insurance bundles, we considered each company’s IQ Score, bundling discount, customer service, J.D. Power ranking, AM Best financial strength rating, and more.

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How to find the best renters and auto insurance for you

Everyone has a unique situation that affects their insurance needs. Below are some tips to help you find the best renters and auto insurance for you:

  • Determine your insurance coverage needs. Start by considering how much coverage you need for each type of insurance policy. With this in mind, you can quickly eliminate insurance companies that don’t offer what you need.

  • Compare quotes. Seek out quotes from different companies. Consider getting quotes for each policy separately and bundled. The information can help you find a great price.

  • Ask for other discounts. A bundling discount isn’t the only way to save. Many insurance companies offer other discounts, which could help you tap into significant savings. For example, paying your bill up front might lower your premium to better suit your wallet.

  • Consider a higher deductible. If you can afford a higher deductible, this change to your insurance policy can help you save. But don’t opt for a higher deductible if you can’t afford to pay it during an emergency.

  • Consider other bundles. As your financial situation changes, you might need to add other types of insurance to your household. Consider adding life insurance and homeowners insurance when your situation requires a change.

Pros and cons of bundling auto and renters insurance

Insurance products — and how you purchase them — have advantages and disadvantages. Take a look below at some of the pros and cons to consider before bundling your auto and renters insurance.

Pros
  • You can earn potential savings. In some situations, you can save on your premiums when you bundle your auto and renters insurance.

  • Bundling can simplify policy management. When you handle multiple insurance policies through a single insurance company, you can spend less time managing your policies.

  • You may have a single deductible. You may have a single deductible across both policies. If you need to file a claim for both policies, this can simplify your finances.

Cons
  • Savings aren’t always worthwhile. Many insurers offer a bundling discount, but it may not be significant. If you already have separate coverage, you may not want to go through the hassle of combining coverage with one insurer.

  • Coverage may not meet your needs. In some cases, the company you want to bundle policies with may not offer the type of coverage you need. Read the fine print before committing to a policy to confirm it’s a good fit for your situation.

  • Separate companies might administer the policies. Depending on the situation, different partner companies may issue the bundled policy you buy. If you want to manage your insurance policies in a single place, separate companies won’t work for you.

Renters and auto insurance bundling FAQs

Understanding your coverage options is important. The following information can help answer your remaining questions about bundling your renters and auto insurance policies.

  • Is insurance cheaper if you bundle?

    Insurance can be cheaper when you bundle because insurance companies often offer a discount for bundling policies. It’s still a good idea to shop around to confirm you find the best deal.

  • Are there any specific requirements to qualify for bundling renters and car insurance policies?

    To bundle a renters and car insurance policy, you’ll need to work with the same insurer for both policies. Otherwise, insurers usually don’t have specific requirements for bundling policies.

  • What is the best insurer for bundling your renters and auto insurance?

    Some of the best insurance companies for bundling your renters and auto insurance include State Farm, Erie, Allstate, USAA, and American Family.

  • Is car insurance cheaper if you own a home?

    If you own a home, you can earn savings on your vehicle insurance policy by bundling your home and auto insurance. But potential savings vary based on your unique situation.

  • Which company has the cheapest auto insurance?

    COUNTRY Financial has the cheapest liability car insurance in the U.S., with an average premium of $16 per month. NJM and Auto-Owners also have affordable coverage, with respective average monthly premiums of $28 and $34. The best way to find cheap coverage is to shop around before committing to a policy.

Sarah Sharkey
Sarah SharkeyInsurance Writer

Sarah Sharkey is a personal finance writer who enjoys helping people make savvy financial decisions. She covered insurance and personal finance topics. You can find her work on Business Insider, Money Under 30, Rocket Mortgage, Bankrate, and more. Connect with her on LinkedIn.

Sarah has been a contributor at Insurify since September 2022.

Katie Powers
Edited byKatie PowersAuto and Life Insurance Editor
Photo of an Insurify author
Katie PowersAuto and Life Insurance Editor
  • Licensed auto and home insurance agent

  • 3+ years experience in insurance and personal finance editing

Katie uses her knowledge and expertise as a licensed property and casualty agent in Massachusetts to help readers understand the complexities of insurance shopping.

Featured in

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