Best Home and Auto Insurance Bundles in 2024 (2024)

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When one insurance company covers both your home and vehicle, you have bundled coverage. Companies that offer both auto and home insurance may give discounts when customers purchase both types through the same provider. Bundling discounts can also apply when you combine other types of insurance, such as renters insurance, life insurance or umbrella insurance.

Bundling discounts are also called multi-policy or multi-line discounts. Almost all companies that offer multiple types of insurance offer bundling discounts, but some don’t. Consider companies that offer discounts to make bundling coverage worth it.

What Can You Bundle?

One of the most popular bundling options is to combine home and auto insurance. But there are more ways you can save. Insurance companies that have multiple products often offer discounts for using two or more of the following types of coverage:

• Auto
• Homeowners
• Life
• Renters
• Motorcycle
• Boat
• RV
• ATV
• Trailer

One benefit of bundling home and auto insurance is that you can save money. Bundling discounts usually range from 5% to 20% depending on the provider and the type of insurance. Companies may give different discounts on each type of coverage too.

Work With One Company

Another benefit of bundling coverage is that you can work with one company. This reduces the number of people you need to talk with to get issues resolved.

Simplify Your Billing

Bundling home and auto coverage also simplifies your billing. You can pay just one bill to cover both home and auto insurance accounts instead of two. Similarly, you can use one mobile app to manage your bill and look up your coverage endorsem*nts.

If you pay for home insurance through your escrow account, you can still bundle insurance with one company for a discount. In this case, you’ll pay a separate bill for the auto insurance portion.

Have Only One Deductible

Finally, some companies combine your deductible for home and auto coverage if your car and house get damaged under one insurance claim. For example, you’d have to cover only one deductible if a bad storm damaged your home’s roof and your car.

Just because bundling can be cheaper doesn’t mean it will always save you money. Plus, price isn’t the only factor to consider. Whether bundling is worth it depends on the auto and home insurance rates you find from different companies and whether the companies meet your coverage needs.

Shop Around To Find Discounts

Even if a company advertises discounts, bundling discounts may not apply to all types of coverage in all states. You have to shop for quotes from companies to see what you’d pay for combined coverage. You can get bundling quotes online, but you might also have to call a company to speak with someone who can give you pricing for your situation.

There are more discounts to consider beyond bundling, as well. For example, Geico has a good discount for military members. State Farm is known for its 25% discount for good students, and Progressive rewards good drivers with discounts through its usage-based Snapshot® program. Bundling might save you 10% with one company, but with additional discounts, it’s possible to save more overall with different providers.

Get the Right Coverage

No matter what discount you can get, bundling isn’t worth it if the coverage doesn’t meet your needs. Companies may offer different auto insurance coverage add-ons like these:

• Original equipment manufacturer parts coverage
• Accident forgiveness
• Diminishing deductible
• New car replacement
• Gap insurance
• Roadside assistance
• Trip interruption reimbursem*nt
• Custom parts coverage
• Rideshare coverage

Going for a bundling discount wouldn’t be smart if you’d miss out on a type of coverage that’s important to you.

Certain situations can also limit your options. Classic car insurance covers a vehicle up to an agreed-upon value, not the market value, and only some companies offer this. High-risk driversmight have fewer options for coverage. If you prefer to work with a local agent instead of a call center, that could limit your options too.

To find the best home and auto insurance bundle, you need to start by looking at companies that offer both types of coverage. Some companies, like Metromile and Root, only offer car insurance, so you can’t bundle home insurance coverage.

Next, look for providers that offer discounts for bundling. Not all companies do, but you’ll usually be able to find out on a provider’s website if it offers a bundling discount.

Finally, consider which companies offer the best discounts for bundling policies. You could save up to 10% with one company or up to 20% with another. Some providers don’t list the exact discount amount, though. In any case, get three to five home and car insurance quotes from companies that offer bundling discounts to find the best option.

How To Find the Best Home Insurance Company

Home insurance policies include dwelling coverage, contents coverage and personal liability coverage. Dwelling and contents coverages are based on two main values: the cost to rebuild your home in case of a total loss (including rebuilding fences, pools and outbuildings), and the cost to replace possessions like electronics and jewelry. To find how much coverage you need, calculate these values.

Determine the Cost To Rebuild Your Home

First, you’ll need to calculate the cost to rebuild your home. This isn’t what you paid for your home and land, and it’s not the amount you have left to pay on your mortgage. Instead, you can get an estimate by multiplying the average building costs in your neighborhood by the square footage of your home.

If you have a shed, fence, pool or other outbuildings, do the same to find their replacement costs.

Determine the Value of Possessions

Next, calculate the value of your possessions. Home insurance can cover a wide variety of items, from appliances and electronics to collectibles and sporting goods. Include any tools and equipment you have in your garage and outside as well.

How To Find the Best Auto Insurance

Finding the right car insurance coverage is also relatively simple. If you own your vehicle outright, the only type of car insurance you’re legally required to have is your state’s basic levels of coverage. This may be liability car insurance by itself or combined with other kinds of coverage. But if you have an auto loan, your lender will likely require full-coverage insurance, which includes comprehensive insurance and collision insurance.

The type of car you have will is also a factor that will affect your car insurance rates. For example, if you have a classic car, you’ll want agreed-value coverage. This pays out an agreed value in the case of a total loss instead of the book value for your car.

Other types of car insurance that may be useful include:

• Custom parts coverage
• Glass coverage
• Roadside assistance
• Accident forgiveness
• Gap insurance
• New vehicle replacement

Source: The Ramsey Show

Because consumers rely on us to provide objective and accurate information, we created a comprehensive rating system to formulate our rankings of the best car insurance companies. We collected data on dozens of auto insurance providers to grade the companies on a wide range of ranking factors. The end result was an overall rating for each provider, with the insurers that scored the most points topping the list.

Here are the factors our ratings take into account:

• Cost: Auto insurance rate estimates generated by Quadrant Information Services and discount opportunities were both taken into consideration.
• Coverage: Companies that offer a variety of choices for insurance coverage are more likely to meet consumer needs.
• Reputation and experience: Our research team considered market share, ratings from industry experts and years in business when giving this score.
• Availability: Auto insurance companies with greater state availability and few eligibility requirements scored highest in this category.
• Customer experience: This score is based on volume of complaints reported by the NAIC and customer satisfaction ratings reported by J.D. Power. We also considered the responsiveness, friendliness and helpfulness of each insurance company’s customer service team based on our own shopper analysis.

Our credentials:

• 800 hours researched
• 45 companies reviewed
• 8,500+ consumers surveyed

*Data accurate at time of publication.