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. You should shop around to find the right insurance package for your needs.
Why bundle your products?
For a variety of reasons, people often purchase their home and auto insurance from the exact same insurance company. Others want to save money, while others want to simplify the management of their policies. Customers who file many claims may also find it beneficial to use one insurer for all their coverage needs.
A discount on auto and home insurance is a great way of saving money. But it's far from the only way. Comparing quotes from different companies can help you find cheaper rates.
It is best to compare the price of various policies from different companies in order to determine if there are any savings to be made. Compare rates as well as ratings for customer satisfaction and financial stability.
What are the benefits to bundling your products?
Bundling can be a great way to save money. Just make sure the savings are worth your time. It's also important to check if the insurer you choose uses a third-party insurer for either your home or 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 auto and house insurance under the same provider can make it easier for you to manage both policies. It can be as simple as aligning renewal dates and effective dates or combining billing statements.
Simplified insurance management
You can take advantage of perks like a single-loss deductible for your homeowners and car insurance. You can also log in to the same account and check your payments and premiums. Or, you can download an application that allows you to manage all of this from a single 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. The insurance company may also be less inclined to drop either your home or your auto policy in the event that you have a large claim.
It's important to make sure that the bundle rate you get matches the base price you pay for your current provider. 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 include the financial strength and stability of each insurer as well customer satisfaction scores. They also consider bundling discounts and coverage options.