- Deductible fund
- New car replacement coverage
- Rental car reimbursement
- Roadside assistance
- Gap insurance
- Advanced safety features
- Alternative energy discount
- RightTrack program
More Liberty Mutual Insurance Reviews
*J.D. Power 2021 Auto Insurance Satisfaction average rating across all regions.
What Is Bundling Home and Auto Insurance?
The combined cost of home and car insurance can be heavy on the wallet. But when you own a vehicle as well as a house, one of the best ways to save on insurance premiums is by taking advantage of multi-policy discounts, also known as home and auto insurance bundles.
State Farm claims that policyholders can save up to 17% on their premiums by bundling their car and home insurance. Additionally, Nationwide and Allstate offer a multi-policy discount of up to 20% and 25%, respectively, to policyholders who bundle their home and auto insurance policies with them.
Although bundling renters and auto insurance doesn’t yield as high of a discount, companies like Progressive offer a 4% discount on car insurance premiums when bundling auto and renters insurance. However, renters insurance is much less expensive than homeowners insurance, averaging $179 a year, according to the Insurance Information Institute, or $15 a month. Despite this, bundling renters and auto insurance can still be an easy way to save on monthly insurance premiums.
How to Bundle Your Home and Auto Insurance
If you have never tried bundling insurance policies in the past, you may imagine the process to be complicated. On the contrary, bundling insurance policies through your current or new provider is a straightforward process. Here is how you can bundle your policies:
- If you have your home and car insurance policies with different companies, start by comparing your current coverage with those offered by the company you want to bundle insurance policies with.
- Compare home and auto insurance bundle quotes from multiple providers to find out how much you are likely to save.
- A licensed agent with your current insurer will walk you through the process of bundling house and car insurance policies.
- If switching to a new carrier, buy a home and auto insurance with the new carrier before canceling the home and auto policy with the former company to avoid a lapse in coverage.
Should I Bundle Home and Auto Insurance?
Combining your home and car insurance through the same provider is typically known to result in savings. Most large insurance companies offer a bundling option to customers. But it is important to weigh both the pros and cons of such an arrangement before you make the switch.
Not only are people who bundle home and car insurance likely to earn multi-policy discounts off their insurance costs, but they can also enjoy the convenience of managing policies, filing claims, and contacting customer service in one online portal or mobile app.
However, even after finding the best home and auto insurance bundle quotes and signing a bundle insurance policy, it can make it more difficult to shop around for a new policy. You may be more hesitant to switch carriers when enjoying the convenience of managing both insurance policies with one carrier.
How to Get the Best Home and Car Insurance Bundle
- Compare coverage options: When making a home and auto insurance bundle comparison, do not just look at the discounts — also consider the coverage you currently have and what more you would prefer. This will make sure you do not lose out on the coverage you need in an attempt to lower your insurance premiums.
- Compare prices: After you have shortlisted a few companies, compare the discounts offered by each of them and the amount you are expected to save every year. If keeping policies separate is a less expensive option, then you are probably better off not bundling your home and auto insurance.
- Shop around: Regardless of the discount you get by bundling policies, do not forget to shop around for cheaper home and auto insurance on a regular basis. Since insurance prices change, you might find a better deal elsewhere.
- Keep your provider updated: Whether you add a new feature to your vehicle or upgrade your house, always keep your insurance company informed. Sometimes little additions can get you extra price cuts on your policies or these additions may need added coverage.
Home and Auto Bundling FAQ
Besides home and auto insurance, you can typically bundle any auto and property insurance policy for a discount. Many insurance companies let customers bundle condo, renters, and home insurance with a car, motorcycle, RV, life, or boat insurance if the carrier offers these policy types.
Opting for a bundle insurance policy can be worth it. If anything, people should at least look at home and auto insurance bundle quotes to see how much they may save when looking for the best bundle insurance policies. Usually, policyholders can get up to a 10%–25% bundle discount on premiums when buying homeowners insurance and car insurance with the same insurer.
Home and car insurance bundles are offered by most major companies with the promise of big discounts. You may also bundle multiple vehicles in the same policy for a price cut on the premium.
Not all insurance companies offer the best of both worlds. Some offer the best cheap car insurance, while others specialize in home insurance. Based on our analysis, the best home and car insurance bundle discounts might be offered by companies like State Farm, Progressive, and USAA, although the last is only for military families.
Auto Insurance Methodology
Reviews.com reviews products, services and companies based on five criteria to help readers understand how companies compare based on similar metrics. For the best car insurance companies, our editorial team compared affordability, customer support, coverage options, customer satisfaction scores and online resources from each company to determine top providers.
As for average pricing, we leveraged data from Coverage.com, based on the profiles of 30-year-old male and female drivers. Full coverage rates are based on the following coverage and deductible amounts:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability coverage per crash
- $100,000 property damage liability coverage per crash
- $500 collision coverage deductible
- $500 comprehensive coverage deductible
Minimum coverages were applied to match state requirements. Both drivers used a new, financed 2018 Toyota Camry, commuting five days a week and driving 12,000 miles per year. Since auto insurance rates vary widely among different profiles, we encourage you to compare options that fit your specific needs.
Home Insurance Methodology
We evaluated the companies based on their third-party agency ratings for customer experience, financial stability, as well as coverage options to determine which might be the best providers.
To compare home insurance companies across the board, we considered the following factors:
- Customer Ratings — Customer ratings are an indication of satisfaction with the process of filing a claim. We measured this using 2021 J.D. Power Home Insurance Study ratings.
- Coverage — As there isn’t one company to fit everyone’s needs, we evaluated companies by the amount of coverage options and add-ons available.
- Confidence — It is extremely important for insurance companies to fulfill customers’ claims. Companies with sound financial strength ratings indicate a positive history of being able to pay out claims. We measured this using AM Best ratings.
- Customer Experience — The amount of complaints a company receives is an indicator of the overall customer experience as it expresses dissatisfaction. We have based this measure on the NAIC National Complaint Index.
Rates are based on quoted annual premiums from Coverage.com. These are sample rates and should be used for comparative purposes only. Your quotes may be different.
The coverage limits for home insurance rates reflect the following coverage and limits:
- Coverage A, Dwelling: $200,000
- Coverage B, Other Structures: $0
- Coverage C, Personal Property: $100,000
- Coverage D, Loss of Use: $40,000
- Coverage E, Liability: $250,000
- Coverage F, Medical Payments: $1,500
The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).