How to Save by Bundling Your Home and Auto Insurance

Having two coverages through one carrier offers many advantages (and savings).

Home and Auto Insurance

To save money on the insurance you need, one of the best things you can do is bundle your home and auto coverage through the same insurance company. Bundling provides the convenience of having two forms of coverage through the same insurer, and also affords you a generous discount. Home and auto insurance are a popular choice for bundling.

If you're ready to get the coverage you need for your home and vehicle, get in touch with an independent insurance agent. They'll help you find the right insurance company to bundle your coverage through. But first, here's a breakdown of bundling home and auto insurance.

Why Should I Bundle My Home and Auto Insurance?

There are a few advantages to bundling your home insurance and auto insurance through the same carrier. For starters, bundling these policies can earn you major savings through discounts by the carrier. Bundling also simplifies your major insurance policies by keeping them together in one place, often with just one monthly bill to take care of.

Also, if there's ever a disaster that causes damage to both your home and vehicle, you might only have to pay one deductible out of your own pocket with a bundled policy. Working with an independent agent is the best way to get a home and auto insurance bundle that works for you. Independent insurance agents will conduct all the important research involved by comparing the most affordable individual policies to the bundle prices of different carriers for you.

Which Insurance Companies Offer Bundled Home and Auto Insurance?

Bundled home and car insurance is available from many different insurance companies, and the best way to find the right carrier for you is through working with an independent insurance agent. Independent insurance agents know which insurance companies to recommend to meet your needs, and can provide informed suggestions based on company reliability, rates, and more.

While many insurance companies could bundle home and car insurance for you, finding coverage could also depend on the area you live in. Here are a few of our top picks for bundled home and car coverage.

Carrier Star rating Home and auto bundling discount
Travelers
5 star rating
Up to 12%
Stillwater
Up to 15%
Plymouth Rock
Up to 15%
Nationwide
4.5/5 star rating
Up to 20%
Mercury
Up to 15%
Encompass
Up to 20%
Safeco
Up to 15%
Liberty Mutual
4.5/5 star rating
Up to $842
Progressive
5 star rating
More than $1,000

One bundled home and auto insurance company outshines its competitors.

  • Best overall bundled home and auto insurance company  Nationwide

Nationwide is a leading small business insurer with an "A+" rating from AM Best. The carrier is on the Fortune 100 list and currently provides more than half a million customers across the US with quality coverage. Aside from their outstanding insurance catalogue, Nationwide offers superior customer service and 24/7 claims reporting. 

Nationwide also offers one of the highest discount rates on bundled home and auto coverage, at up to 20%. The carrier's website lists the following benefits of bundling coverage through them.

  • Saving on the coverage you need
  • Fewer insurance hassles with all of your policies in one place
  • Flexible options if you need to make any changes
  • Excellent customer service from top Nationwide agents

The carrier also offers other bundling options aside from home and auto insurance, including the following.

  • Auto and renters insurance
  • Motorcycle and renters insurance
  • Auto, home, and life insurance
  • Multi-car insurance
  • Boat and auto insurance

With all their convenient bundling solutions and generous discounts, Nationwide is our top pick for bundling home and auto insurance. An independent insurance agent can further help you decide if Nationwide is the right insurance company for your bundled home and auto coverage.

What Are the Benefits of Bundling Home and Auto Insurance?

Bundling your home and auto coverage comes with a couple of important benefits. Two of the biggest pros of bundling your home and auto policies through the same carrier are the following.

  • Increased savings: Bundling discounts, available from many carriers, can save you from 5% up to 25% on your coverage, depending on a couple of different factors, like your location.
  • Easy policy management: When two of your biggest insurance coverages are bundled together through one carrier, it makes things much easier on you, the customer. Bundled policies afford the advantage of just one deductible for you to pay out of pocket in case of disaster. 

You'll also have the advantage, if you choose, of working with just one independent insurance agent who can compare bundled options from multiple carriers to find the coverage that works best for you overall.

How Does Bundling Home and Auto Insurance Work?

Many insurance companies already offer bundled policies, often with generous discounts on coverage. Bundled policies are simply two or more forms of insurance bought through the same carrier. Bundled coverages are also sometimes referred to as "multi-policy."

Depending on where you live, bundling discounts may not be available. But most insurance companies don’t limit bundling to home and auto insurance. Umbrella insurance, life insurance, and other coverages are often included for multi-policy discounts. 

Your discount may be applied to your insurance in a different way depending on your carrier. The discount you receive on home and auto insurance may not be the same for each coverage. In fact, some carriers may apply the entire savings to just one of your coverages, either home or auto.

How Do I Know if Bundling Home and Auto Insurance Is Right for Me?

The best way to determine overall bundle savings is by reviewing the premiums of your home and auto insurance and the discounts given for each. Then you'll know the total dollar amount you’re paying for both coverages and the total amount saved. Afterwards, you can calculate the percentage of your overall bundling savings. 

Bundling is not always the best choice. If you have accidents or tickets on your driving record, poor credit history, or live in a state with high car insurance rates, the savings from choosing the cheapest car insurance company could be significantly higher than a 20% discount on a bundled home policy. 

The best way to know if bundling home and auto insurance is right for you is by shopping around and comparing the lowest individual premiums options out there against bundled prices. Your local independent insurance agent can shop the market and make these calculations for you.

How to Bundle Your Car and Home Insurance

If your home and auto insurance currently are through two different insurance companies, don't worry, it's still easy to bundle your coverages through one carrier. First, review your existing coverage and determine what you like about it, or what additional coverages you may want to add if you switch policies. Next, you'll want to shop around (or better yet, have an independent insurance agent do it for you) and get bundled home and auto insurance quotes from your current insurance companies, as well as a couple of others.

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Quick and Easy Tips for Better Bundling

The easiest way to ensure you get the coverage you need and walk away with the best deal around for bundled coverage is by working with an independent insurance agent. However, if you want to look into bundled coverage yourself first, start by taking these easy steps.

  1. Compare quotes from multiple carriers for their bundled coverages. You can do this yourself online, by calling the carriers, or by working with an independent insurance agent, who has access to this information from many different insurance companies, not just one.
  2. Ask about third parties when you contact a carrier. Also referred to as affiliates, these insurers can still save you money on bundled coverage, but you'll take a hit in the convenience department because you'll have more than one insurance company to deal with in the future.
  3. Shop for quotes regularly, and for both bundled coverages and individual coverages in order to gauge where the most savings truly lay. 

Again, by contacting an independent insurance agent, you're essentially handing over all the hard work and research to someone else. That way, you can sit back and enjoy the savings on your new bundled coverage once their research is complete.

When it Doesn't Make Sense to Bundle Home and Auto Insurance

Sometimes bundling home and auto coverage actually doesn't make the most sense. There are a couple of arguments for keeping your coverage separate that are worth considering.

  • Bundling coverages may discourage customers from shopping around for better prices in the future.
  • Bundling discounts through one carrier may sway a customer in the beginning, but end up leading them away from a better deal somewhere else.
  • Bundling discounts may cause customers to choose a different carrier they're less satisfied with over time than their current carrier.

It's a good practice to comparison shop your bundled (or separate) home and auto policies at least once a year. This way, you can find out for sure if there are better deals out there that you may not be taking advantage of. An independent insurance agent can greatly help by doing this time-consuming job for you.

Frequently Asked Questions about Bundling Home and Auto Insurance

Bundling simply means combining more than one type of insurance coverage through the same carrier. Getting home and auto insurance together through one company is one of the most popular options, but you can also bundle other policies, such as home and life insurance. Bundling often provides the convenience of just one deductible for two coverages, plus the benefit of just one insurance company to deal with.

Many insurance companies offer significant discounts on bundled coverage, called bundling discounts or multi-policy discounts. You can also save in the event of a disaster that affects both your home and vehicle by only having to pay one deductible out of your pocket for both coverages.

Depending on which insurance carrier you choose, you can often save between 5% and 25% on your coverage by bundling two different coverage types, such as home insurance and auto insurance.

Nationwide and Encompass insurance companies both offer up to 20% discounts on bundled home and auto insurance. Other great insurance company options for bundled home and auto insurance include Mercury, Stillwater, Plymouth Rock, and Safeco.

The Benefits of an Independent Insurance Agent

When it comes to helping insurance customers find the absolute best price and quality for bundled coverage, no one’s better equipped to help than an independent insurance agent. Independent insurance agents search through multiple carriers to find providers who bundle home and auto insurance, deliver quotes from a number of different sources and help you walk through them all to find the best blend of coverage and cost.

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TrustedChoice.com Article | Reviewed by Jeffrey Green

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