Best home and auto insurance bundles 2021


When it comes to spending money, we are always looking for ways to save. Insurance is no exception. With both home and auto insurance, finding ways to save money can seem like an impossible task. But did you know that one of the most common discounts offered by insurance companies is a discount for bundling home and auto insurance? If you’re required to have both home and auto insurance anyway, why not bundle them together to save some money? This is a quick and easy way to put money back into your pocket each month.

The best home and auto insurance bundles

Here are some of the best bundle offers from insurance companies:

Note that some of these offers may not be available in every state. Some states might also have additional savings options.

If your insurance provider isn’t on this list, that doesn’t mean that it doesn’t offer bundled discounts. Talk to your provider to see if bundled home and auto insurance is an option your company provides and if it would be beneficial for you.

Best customer support – Progressive

Progressive’s big savings and 24/7/365 customer support make it easy to just go with Flo as your top choice.

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Progressive is big on helping you save with their policies. You’ll get up to 12% savings if you bundle your auto and renter’s insurance. You’ll also save big if you get a quote at least three days before your coverage kicks in. And if you pay in full, there’s another discount to save cash for a rainy day. Your policy won’t cover flood damage, but your policy will cover accidental water damage inside your rental property.

Progressive has over 18 million customers and is backed with 24/7 support. You can customize your coverage options and limits for your claims. Best of all, you can get coverage for as little as $1 per day.

Best for coverage options – State Farm

Like a good neighbor, State Farm makes you feel right at home. Its unbeatable pricing and coverage options are knocking at your door.

Like the infamous slogan, State Farm is there for you like a good neighbor. Its rental policies include injury, liability and personal property coverage. Keep in mind, its rental policies don’t cover water damage or earthquakes. And if you’re running a new business venture from your home, your rental policy won’t cover any related damage, injury or liability. You’ll need a separate policy.

But, if you’re looking for a well known, trustworthy insurer, State Farm is the way to go. The insurer has been around for over 100 years and is popular with over 83 million policies and over 19,000 contracted agents so it’s the perfect neighbor no matter where you are.

Best for discounts – Allstate

You’re in good hands with Allstate from beginning to end. Whether there’s a nail in your tire or you’re filing a claim from your bed, Allstate’s with you wherever you go.

You’re in good hands with Allstate. It’s a popular provider that’s perfect for the basic coverage needs — fire, water and theft. You can get Allstate rental coverage for as little as $4 a month if you bundle with an auto insurance policy. Allstate also offers discounts for automatic payments, and if you have preventative systems in place in case of a fire or theft. You’ll also get 10% savings automatically as a welcome discount.

Allstate also offers roadside assistance, identity theft protection, pet coverage and more coverage options to give you protection and peace of mind.

Best for military members – USAA

USAA is ready to serve military members and their loved ones the best rates and coverage in the country.

USAA is a popular choice for military members and veterans. Unlike other insurers, USAA automatically includes flood and earthquake coverage included in its standard rental policies. Get renter’s insurance for $10 a month, and your valuables are covered under your rental policy no matter where you take them to give service members extra convenience and flexibility.

USAA is also a popular choice for life and health insurance to help cover medical and care expenses. small business insurance, You’ll also save 10% when you bundle your renter’s coverage with a USAA auto policy.

Does bundling really save me money?

The best way to get affordable coverage for your family is to compare rates. It’s easy to get a free quote online with most providers. Some insurance providers also have estimation tools to help give a bundling estimate. You may find that you don’t need some add-ons, which can reduce your insurance costs, such as roadside assistance for auto insurance.

[ Next: What Home Insurance Discounts Are Available? ]

You also may be surprised how much you can save if you ask about discounts. If you already have home or auto insurance with a provider it’s best to ask about bundling savings and coverage options. How much you save when bundling depends on your state and policy. 

How can bundling my insurance save me money? 

Most insurance companies offer discounts when bundling your insurance policies with them. Auto and homeowners insurance policies are often bought together, but that’s not your only option. Some providers will allow you to bundle other policies including health, life or pet insurance for savings. The more policies you bundle, the more you can save. 

How does bundling insurance work?

Bundling is easy. Oftentimes, it’s a quick phone call to your existing agent if you’re satisfied with their service. But it’s best to compare rates for the best savings and coverage. Take time to get free quotes and ask questions before narrowing down your choice. And make sure you’re comfortable with your agent’s service and tools. Once you’ve made your choice, the agent will finalize the policy and annual costs, then you’re set to go.

Benefits of bundling home and auto insurance

Learn about the pros and cons of insurance bundling, also called multi-policy discounts, and some insider tips on the best way to bundle.

Pros

  • Money savings off annual premiums: Depending on the state you reside in, you can save money on your annual premiums. Most insurance companies offer anywhere between 10% and 15% discounts when you bundle home and auto.
  • Simplified insurance contacts: When you bundle your insurance, you only have one insurance company, one agent and one customer portal. There is convenience and peace of mind in having one person to contact if something goes wrong and one place to manage your accounts.
  • Lower deductible: With many insurance companies, if you bundle home and auto insurance, you only have one deductible that applies to both types of insurance.

Cons

  • Competition avoidance: If you feel that you’ve gotten a good deal with the bundle discount, you may be less likely to shop around for other quotes each year to ensure you’re still getting the best deal.
  • Getting lost in the discount: It is easy to get distracted by the discount percentage and fail to pay attention to the price of the insurance. Just because a company offers a higher bundle discount does not mean it is the best deal.
  • Affiliate situations: Some insurance companies that offer bundles only provide insurance for part of your bundle and use an affiliate for the other part. That means you may end up working with more than one insurance company, agent and customer portal.

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Should you bundle home and auto insurance?

Bundling your insurance policies makes sense in a lot of situations, but it’s not the right choice for everyone. Here’s how to find out if bundling your insurance is a good idea for you.

When you should bundle

If you’ve got average- to high-priced homeowners insurance and car insurance with a relatively good driving record, it may be in your advantage to inquire with insurance companies about bundle discounts so that you can save a percentage on each policy by combining them into one.

[ For You: What You Need to Know About Bundling Renters and Car Insurance ]

If competitive home and auto insurance bundle quotes show you that bundling will give you the coverage that is the same or better than what you already have and will save you money off annual premiums, bundling is an ideal option for you.

When you shouldn’t bundle

If you know you’re the type to bundle and then never check competitive pricing again, bundling may not be the best option for you. Getting a discount does not mean you’re getting the best deal. Insurance companies can increase premiums over time, so check regularly to ensure you’re not spending more than you should

Bundling might also not be a good option for you if you have a high-risk auto insurance policy (expensive car or poor driving record). Some car insurance companies specialize in offering cheap car insurance for this type of consumer that is often less expensive than the bundle price.

You should also not bundle your policies if it means sacrificing or limiting your insurance coverage or if the bundle price is higher than the price of the individual policies combined.

[ Next: How to File a Home Insurance Claim ]

Tips on bundling and how to bundle

We recommend comparing quotes on home and auto insurance yearly, both separately and bundled. You can get most of your home and auto insurance quotes online. If you need assistance, an independent insurance agent can help you get quotes from multiple companies to find the best value option. Also, don’t forget to ask insurance companies what other discounts you may qualify for beyond the multi-policy or bundle discount.

We welcome your feedback on this article and would love to hear about your experience with the home and auto insurance bundles we recommend. Contact us at inquiries@thesimpledollar.com with comments or questions.



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