Bundle Home and Auto Insurance (2024)

Insurance companies offer a bundling — or multi-policy — discount when you have more than one insurance policy with the same company. Bundling your home and auto insurance policies with the same insurance company is often the single largest discount available.

Amica, Erie, and American Family offer some of the highest bundling discounts, with the potential to save up to 30%. Keep reading to find out our top five auto-and-home-bundle picks. We also explain the types of policies you can bundle, how to bundle, and how to choose an insurance company.

Key Takeaways:

• Amica, Erie, American Family, Nationwide, and State Farm offer some of the largest bundling discounts.
• Although bundling home and auto is the most common, some insurers will bundle car insurance with renters, condo, boat, RV, motorcycle, and life insurance policies.
• Some insurers offer a single deductible in their bundled insurance policies, where you’ll pay one deductible for multiple policies.

The 5 Best Companies to Bundle Your Home and Auto Policies

Owning a car and home can be expensive, but that doesn’t mean your insurance coverage has to be. We compared dozens of insurance companies to find the best companies to bundle your home and auto insurance policies.

The table below shows the top five companies with the best multi-policy discounts and high customer satisfaction scores.

Amica

Bundling discount: Up to 30%

J.D. Power customer satisfaction score: N/A

Better Business Bureau (BBB) rating: A+

Compare.com rating: N/A

Amica offers an impressive multi-product discount of up to 30% — the highest we found. Amica also has excellent customer service scores. It’s highly rated by J.D. Power, earning the number-one spot in the 2023 U.S. Auto Claims Satisfaction Study and second place in the 2023 U.S. Home Insurance and 2023 U.S. Property Claims Satisfaction studies.

We chose Amica for its large multi-policy discount, long list of insurance product offerings, low number of customer complaints, and superior customer satisfaction scores.

Pros:

• Auto insurance available nationwide
• Few consumer complaints

Cons:

• Home insurance not available in Alaska or Hawaii
• Discount amount and availability vary by state

Erie

Bundling discount: Up to 25%

J.D. Power customer satisfaction score: 878 out of 1,000

Better Business Bureau (BBB) rating: A+

Compare.com rating: 3.8 out of 5

You could save up to 25% with Erie’s home and auto insurance bundle. Erie offers unique features you can’t always find with other insurance companies and multiple discount options, like Erie’s Auto Plus enhancement and pet coverage. If you’re worried about future rate increases, the Erie Rate Lock feature allows you to lock in your car insurance rates for years to come.

Erie earned J.D. Power’s highest score in the 2023 U.S. Home Insurance Study for renters and homeowners insurance. It also won second place for midsize insurers in the U.S. Insurance Shopping Study and above-average ratings in other J.D. Power studies.

Pros:

• Few customer complaints
• Highly customizable insurance policies

Cons:

• Only available in 12 states
• Limited self-service and mobile features

American Family

Bundling discount: Up to 23%

J.D. Power customer satisfaction score: 867 out of 1,000

Better Business Bureau (BBB) rating: A

Compare.com rating: 3.63 out of 5

An auto and home insurance bundle through American Family could save you up to 23%. American Family scored above average in J.D. Power’s 2023 auto and property claims satisfaction studies. It scored just below average for home insurance in the J.D. Power 2023 U.S. Home Insurance Study but earned second place for renters insurance customer satisfaction.

We chose American Family for its policy options and features like diminishing deductible, which reduces your deductible on your auto and home policies for every year you go without filing a claim. You can customize your car insurance with add-ons like gap insurance and accidental death and dismemberment coverage.

Pros:

• Few consumer complaints
• File and track claims online or through the MyAmFam app

Cons:

• Auto and home insurance only available in 19 states
• Local agent customer service can vary

Nationwide

Bundling discount: Up to 20%

J.D. Power customer satisfaction score: 861 out of 1,000

Better Business Bureau (BBB) rating: A+

Compare.com rating: 3.8 out of 5

Not only does Nationwide offer up to 20% in savings on its home and auto insurance bundle, but it also has a long list of other discounts to provide even more savings. For example, its SmartRide usage-based insurance program could save you up to 40% for being a safe driver. Nationwide’s multiple ways to save is the top reason we chose the insurer in our home and auto insurance lineup.

Nationwide insurance policies are widely available across the country, offering personal, business, and investment products. It could be your one-stop shop for all insurance needs. The insurer earned an above-average score in J.D. Power’s 2023 U.S. Property Claims Satisfaction Study and U.S. Insurance Shopping Study.

Pros:

• Multiple ways to save
• Can choose a local agent for personalized service

Cons:

• Higher-than-average number of customer complaints
• Below-average auto claims satisfaction rating

State Farm

Bundling discount: Up to 17%

J.D. Power customer satisfaction score: 877 out of 1,000

Better Business Bureau (BBB) rating: B-

Compare.com rating: 4.3 out of 5

The nation’s largest insurer by market share, State Farm offers customers up to 17% in savings with its home and car insurance bundle. It’s a great option to consider if you have a high-risk teen driver because it offers multiple teen discounts and the Steer Clear program which rewards teens for safe driving.

We included State Farm in our list for its discount and coverage options plus its above-average customer satisfaction ratings in the 2023 J.D. Power studies, ranking first in the U.S. Insurance Shopping Study. It has a full suite of insurance products, plus banking and investments, to serve most customer needs with one local agent.

Pros:

• Available nationwide
• Wide range of customizable coverage options

Cons:

• Fewer discounts than competitors
• Higher-than-average number of customer complaints

What Is Insurance Bundling?

Insurance bundling is an incentive companies offer when you buy more than one type of insurance policy with the same insurer. For example, if you purchase your auto and home insurance with the same company, you would be eligible for an insurance bundling discount. This discount can also be called a multi-policy, or multi-line, discount.

While you can usually save when bundling your insurance policies, it isn’t always the best deal. Sometimes it’s best to keep policies separate. That’s why shopping around and comparing insurance policies and bundling discounts from different companies can help ensure you get a great deal and the lowest price on your insurance premiums.

What Insurance Policies Can You Bundle?

Although the car and home insurance bundling discount is the most well-known, many insurance companies offer a multi-policy discount for various insurance products.

For instance, you may get a discount on your auto insurance if you also insure your condo, boat, RV, ATV, motorcycle, life insurance, or renters insurance policy with the same company.

You can also get a multi-car discount if you insure at least two cars with the same insurance company. So, if you own two cars and a home or rental, you could receive the multi-car and multi-policy discount. Stacking multiple discount types can help you get the best deal on all your insurance needs.

Available discounts for insurance bundling — and the amount you can save on each policy — can vary by insurance company and state.

Why You Should Bundle Home and Auto Insurance

Bundling your home and auto insurance comes with several potential benefits, including saving money, easier policy management, and meeting all your coverage needs. We’ll cover these in more detail below.

Saving money

Perhaps the most important reason to bundle your insurance is to save money. The multi-policy discount is usually the biggest discount insurance companies offer. You could save up to 30% or more when you insure all your property with the same company.

Managing your insurance easier

Managing multiple insurance companies and policies can be a hassle because you have to remember several account logins, billing due dates, and policy expiration dates. When you insure all your policies with the same insurance company, you can easily track your policy renewals, bills, and claims in one location.

And if you have to file a claim on multiple policies, you only have to work with one company. For instance, natural disasters could damage your vehicle, boat, and home at the same time. Dealing with one company can streamline your claims experience.

Ensuring your coverage needs are met

Everyone has unique insurance needs — but having all your insurance policies in one place makes it easier for your insurance agent to ensure you’re adequately protected. Your agent can see the big picture to identify coverage gaps, make sure you don’t buy coverage you don’t need, and make recommendations to cover you for the unexpected.

How to Bundle Your Home and Auto Insurance

Here’s how to bundle your home and auto insurance to find the best insurance bundles for you:

1. Determine your coverage needs. Deciding what insurance products, coverage types, and limits you need before you shop for insurance can help you avoid spending money on unnecessary add-on coverages.
2. Compare insurance quotes. Comparing insurance quotes from at least three different companies is a great way to know you’re getting the best rates and choosing the right insurer.
3. Include all discounts in your quotes. Verify which discounts each insurance company offers so you can apply everything you’re eligible for in the quote. This makes it easier to compare and find the better deal.
4. Shop regularly. Insurance rates fluctuate, even if nothing changes in your home or driving record. You’ll be confident you’re getting the best home and auto savings when you shop at each renewal or annually.

How to Choose an Insurance Company

Consider these factors when choosing an insurance company:

1. Is a bundling discount available? Bundling policies together usually offers lower rates. If it isn’t an option, compare quotes with companies that do.
2. Check deductibles. The deductible is the amount you pay when you file a claim. The higher the deductible, the lower your premium. Not all insurance companies offer the same deductible options. Some may offer perks like a single deductible if both your home and auto are damaged by the same event.
3. Does the policy meet your needs? Saving money is great, but only if each policy in the bundle meets your specific needs. Be sure to evaluate coverage types for each insurance policy to ensure it provides the coverage you need.
4. Choose a reputable company. Research the insurance company’s customer reviews and financial strength rating, which shows its ability to pay claims.

Bundling Home and Auto Insurance FAQs

The home and auto bundle is one of the most commonly used discounts in the insurance industry. We answered frequently asked questions about bundling your policies to help you decide if it’s right for you.

Why do insurance companies want you to bundle policies?

Insurance companies want you to bundle policies so they can have more business. People who bundle also usually stay with the same company longer than people who don’t. Some companies offer additional incentives, like a loyalty discount, for remaining a customer.

When is the best time to bundle your insurance?

Anytime is the best time to bundle your insurance.

Although many people save when bundling, others may find separate policies are better. For example, if you’re a high-risk driver with SR-22 insurance, you might get a cheaper auto insurance rate with one company and a better homeowners rate with another.

Can you cancel one of your policies after bundling?

If you cancel one of your policies after bundling, you’ll lose the bundled discounts. The only way to keep the bundle discount is to have two or more qualifying insurance policies with the same insurer.

Can you buy one of the policies at a later date?

Yes, but you won’t qualify for the bundle discount until you buy the second policy.

For example, if you buy car insurance today but don’t get homeowners insurance until you close on your house in two months, you won’t get the bundle discount until you buy your home insurance policy.

Sources

1. J.D. Power, “2023 U.S. Auto Claims Satisfaction Study,” Accessed October 30, 2023.
2. J.D. Power, “2023 U.S. Home Insurance Study,” Accessed October 30, 2023.
3. J.D. Power, “2023 U.S. Insurance Shopping Study,” Accessed October 30, 2023.
4. J.D. Power, “2023 U.S. Property Claims Satisfaction Study,” Accessed October 30, 2023.
5. National Association of Insurance Commissioners, “2022 Property and Casualty Market Share,” Accessed October 30, 2023.