By purchasing your auto and house insurance from the same company, you can save money. These savings are as high as 15 percent on average. However, they can vary from state to state and policy to policy. Shop around for the insurance bundles that best suit your needs.
Why bundle?
People buy home and car insurance with the same insurance provider for several reasons. Others want to save money, while others want to simplify the management of their policies. Customers who have many claims or prefer to deal with just one insurer are also likely to benefit from this.
Getting a discount on your home and auto insurance is an excellent way to save money, but it's not the only way to do so. Shopping around and getting quotes from several companies will also help you get lower rates.
The best way to determine if you can save money by bundling is to look at the cost of different policies from several companies. You can compare rates as well customer satisfaction scores and financial stability ratings.
What are the pros of bundling?
Bundling can be a great way to save money. Just make sure the savings are worth your time. Also, it's important to find out if the insurance company you choose has a third-party provider for your home and auto policies. This could mean that your insurance isn't as secure or you may be paying more for your coverage.
Why should I use a single insurance company for both my auto and home policies?
Combining your home and auto insurance with the same provider makes it easier to manage your policy, which is a major benefit. This can include aligning renewal periods and effective dates, combining billing statements, and more.
Simple insurance management
You can get benefits such as a single loss deductible for your homeowners' and car insurance. You can use the same account for checking your premiums, making payments or downloading an app to do it all from one place.
Insurance security
Bundling home and auto insurance is a great way to ensure that you don't lose coverage in case of an accident. This can also help you keep your insurance premiums low, since the insurer is less likely to cancel your auto or home policies in the case of a major claim.
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.
You can use our Policygenius bundling ratings to compare the costs of various insurers and see which ones offer the best home and auto insurance bundles. These ratings look at the financial strength and reliability of each insurance provider, their customer satisfaction score, bundle discounts offered, and their coverage options to provide a complete picture of strengths and weaknesses.