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
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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 September 12, 2024

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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 September 12, 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 September 12, 2024

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 September 12, 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

Compare personalized, real-time quotes
User Reviews
3.2
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.
$55/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.
$121/mo

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

Read more driver reviews of State Farm
Christopher - September 11, 2024
Verified

I believe that State Farm, like many other insurance providers, needs to offer lower premiums. We have been with State Farm for many years and haven't made any claims, yet our premiums are extremely high. With the current economic inflation, it's challenging enough to provide meals for our family, let alone pay our insurance.

I believe that State Farm, like many other insurance providers, needs to offer lower premiums. We have been with State Farm for many years and haven't made any claims, yet our premiums are extremely high. With the current economic inflation, it's challenging enough to provide meals for our family, let alone pay our insurance.

Debra - September 11, 2024
Verified

Great Company

It's a great company. I've had no problems, except for trying to get a paper copy of proof of insurance.

Julia - September 11, 2024
Verified

Too High!

The rates are too high!

Erie: Best for Mid-Atlantic states

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User Reviews
3.9
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.
9.0/10
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.
$50/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

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

Read more driver reviews of Erie Insurance
Ann - September 10, 2024
Verified

Erie: Good Until You Need to File a Claim

In my opinion, Erie is overly expensive as far as coverage goes. However, they did fully cover me when I had an accident. The deductible was deducted from the check I received to replace my totaled vehicle, leaving me with hardly anything to buy my next car. I found this unfair on Erie's part. Their justification was that I had to pay a new deductible with each incident. I don't agree with this. I believe you should only have to pay one deductible a year. Erie seems to bend their rules, which I don't appreciate.

Kathleen - September 9, 2024
Verified

Unfair Practices

They knew that they were discontinuing auto insurance policies in all of Kentucky, but they insured me anyway just to secure my farm policy.

Gavin - September 9, 2024
Verified

Excellent

I didn't have any struggle when I had a claim and they worked quickly to solve it.

Allstate: Best for extra discounts

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User Reviews
3.1
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.
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.
$62/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.
$137/mo

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

Read more driver reviews of Allstate
Marta - September 11, 2024
Verified

No Contact Except a Renewal Notice

I haven't heard anything from them except a renewal notice.

Dannie - September 11, 2024
Verified

Average

Too pricey.

Lorin - September 11, 2024
Verified

Based on my driving record, which includes no tickets except for a seat belt violation that wasn't valid, and no accidents except for a collision with a deer, I believe my premiums are higher than they should be.

Based on my driving record, which includes no tickets except for a seat belt violation that wasn't valid, and no accidents except for a collision with a deer, I believe my premiums are higher than they should be.

American Family: Best for top-tier customer service

Compare personalized, real-time quotes
User Reviews
3.4
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.
$75/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.
$167/mo

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

Read more driver reviews of American Family
Brad - September 9, 2024
Verified

Cancelled After Two Minor Incidents

Don't use them! They will cancel after a very minor infraction.

Luis - September 9, 2024
Verified

Look Somewhere Else

They provide good coverage, but it's very expensive.

Sandra - September 9, 2024
Verified

The Best Insurance Company

Excellent.

USAA: Best for veterans

Compare personalized, real-time quotes
User Reviews
3.6
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.
$46/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.
$100/mo

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

Read more driver reviews of USAA
Mark - September 11, 2024
Verified

N/A

They provide poor customer service and support to their long-term customers.

Seth - September 10, 2024
Verified

Since Gronk, USAA isn't what it used to be.

I've been a member for 21 years. They were a solid auto insurance company, especially in Europe. However, ever since Gronkowski became their celebrity branding spokesperson, the rates have increased. I switched to Progressive and got the same coverage for half the price. USAA, you can do better. Lose Gronk and get back to offering honest insurance rates for loyal military members.

Melinda - September 10, 2024
Verified

Too Expensive

The rates are too expensive. I can't afford $3,600.00 for six months.
  • 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 $17 per month. NJM and Auto-Owners also have affordable coverage, with respective average monthly premiums of $30 and $35. 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.

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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