By purchasing your auto and house insurance from the same company, you can save money. The average savings is 15%, but it varies by policy and state. Shop around for the insurance bundles that best suit your needs.
Why bundle your products?
People often buy their home and car insurance from the same insurance company for a number of reasons. Some people are looking for discounts while others wish to simplify their insurance management. Customers who file many claims may also find it beneficial to use one insurer for all their coverage needs.
You can save money by getting a discount for your auto and home insurance, but that's not the best way. You can also find lower prices by shopping around for quotes from a variety of companies.
Compare the costs of policies offered by different companies to see if you could save money. This can be done by comparing the rates and customer satisfaction ratings, as well financial stability.
What are some of the advantages to bundling?
A bundling discount can save you a lot of money, but you need to be sure it's worth the extra time and effort involved. Also, it's important to find out if the insurance company you choose has a third-party provider for your home and auto policies. If you find that this is the case, your insurance may not be as secure. Or it could cost more.
Why should I choose a single insurer for my home and auto policies?
Combining auto and home insurance with the one provider is an excellent way to simplify your policy management. This includes aligning renewal and effective dates, merging billing statements and more.
Insurance management simplified
You can take advantage of perks like 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 your auto and house insurance, if you have a positive relationship with your insurer and do not make many claims, can help protect you in the event of a car 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.
You should also make sure the rate you are receiving matches the premium you already pay. Bundling is less effective if the underlying rate you pay is lower.
Use our Policygenius Bundling Ratings to compare home and auto insurers, and determine which one offers the best bundle. These ratings take into account each insurer's financial strength and stability, customer satisfaction scores, bundling discounts available, and coverage options for each company to give you a comprehensive view of each provider's strengths and weaknesses.