Bundling auto and home policies can help you save money by purchasing both from the one company. These savings can be as high as 15% on average, but they vary by policy and by state. Shop around for the insurance bundles that best suit your needs.
Why bundle your products?
People buy home and car insurance with the same insurance provider for several reasons. Some want to get discounts, while others just want to simplify their policy management. This is also a great idea for customers that make many claims, and prefer to have one insurance company handle their entire coverage.
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. Comparing quotes from different companies can help you find cheaper rates.
Compare the costs of policies offered by different companies to see if you could save money. You can compare rates as well customer satisfaction scores and financial stability ratings.
What are the pros of 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. You may find your insurance less secure or that you're paying more.
Why should I use a single insurance company for both my auto and home policies?
Combining auto and home insurance with the one provider is an excellent way to simplify your policy management. This can include aligning the renewal periods and effective date, combining your billing statements, etc.
Simplified insurance management
You can benefit from perks such as a single-loss deductible for both your auto and home 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. It also can help to keep your premiums lower, as the insurance company will be less likely to drop your home or auto policies in the event of a large claim on either policy.
The bundle rate should match your base premium with your current carrier. If you're bundled rates are lower than your current carrier, the discount will not be as great.
The Policygenius ratings can be used to compare prices and bundles offered by different insurers. These ratings are based on the financial stability and strength of each insurer, their customer satisfaction scores, any bundling discounts, and the coverage options offered by each company.