Best Home and Auto Insurance Bundles Available that You Should Know

Major insurers offer discounts if you bundle your insurance coverage. While bundling home and auto insurance can usually save you money. You shouldn’t bundle if you can find cheaper coverage with different insurers or if you can’t find the coverage you need when combining home and auto policies.

Best Home and Auto Insurance Bundles Available

Having the right insurance is imperative for your financial security. Auto insurance covers you in case of any auto accident, theft or you vehicle being damaged. So as well as homeowners insurance; this is essential to repair your home in the event of a disaster. As well as to protect you from liability if someone is hurt on your property.

While you need insurance coverage for your car and home, it can be expensive to buy multiple policies. The good news is that bundling insurance could potentially save you money.

Bundling policies or getting multiple policies from the same insurance company can often result in lower premiums because it’s common for insurers to offer a multi-policy discount.

Best Home and Auto Insurance Bundles

I carefully picked out each category, that you think will be best for you;

Best Cheap Insurance for Policy Options: State Farm and MetLife

Both State Farm and MetLife offer all major policy types home, auto, and life — with an impressive range of customization. They also earn good marks for value.

State Farm

The nation’s largest insurer, State Farm is ranked solidly for value across the board. Customers are particularly impressed with life insurance rates, and the company offers a relatively rare online life insurance quote tool.

State Farm is also among the highest-ranked companies for claims and service, and you have the option of doing business with more than 18,000 agents or buying direct online.

Pros

  • Sells all major insurance types (auto, home, life).
  • Solidly rated for pricing/value.
  • Has more than 18,000 agents nationwide.
  • Has online quote tool for all major insurance types, including life insurance.

Cons

  • Offers few homeowners insurance discounts.
  • “Captive” agents only sell State Farm products.

MetLife

Though mostly known as the largest life insurance company in the U.S., MetLife also provides home and auto policies. It receives solid marks for value across the board, but auto-insurance customers are particularly pleased with pricing.

Pros

  • Sells all major insurance types (auto, home, life).
  • Solidly rated for pricing/value.
  • Has online quote tool for life insurance.
  • Extensive life-insurance coverage options and riders.

Cons

  • Offers few discounts overall.
  • No online quote tool for homeowners insurance.
  • Website has meager educational resources.

Best Cheap Insurance for Military: USAA

USAA Insurance is consistently among the top-ranked insurance companies for value, but customers’ raves don’t stop there: It’s also lauded for top-notch service. The company offers all major insurance types (auto, home, and life) and a range of other policies, too, including business and travel coverage.

Pros

  • Sells all major insurance types (auto, home, life).
  • Highly rated for pricing/value.
  • Highly rated for customer service/claims.
  • Well-organized website with quote tools for all major insurance types, including life insurance.

Cons

  • Only available to military members, their close family members, and certain affiliates.
  • Have fewer discounts than some competitors.
  • Does not have local agents.

Best Cheap Insurance for Bundling: Nationwide

Best Cheap Insurance for Bundling: Nationwide

Nationwide particularly shines with its flexible multi-policy discounts. Many companies restrict you to bundling two policies for a discount, but Nationwide allows you to combine auto, home, and life for up to a 25% discount.

It also offers up to a 20% discount for auto and home bundles as well as to customers who insure two or more cars.

Pros

  • Sells all major insurance types (auto, home, life).
  • Have more than 30,000 agents nationwide.
  • Allows bundling for home, auto, life, and other policies.
  • Offers wide range of insurance discounts.
  • Solidly rated for pricing/value.

Cons

  • No online quote tool for life insurance.
  • Mediocre ratings for customer service and auto claims handling.

Best Cheap Insurance for Homeowners Discounts: Allstate

Allstate has an average number of auto insurance discounts, but it makes up for it by offering almost every kind of homeowners insurance discount there is, including breaks for smoke-free homes, claims-free customers, and early sign-ups.

Customers also give Allstate solid or good marks for value overall, making the company one to investigate for budget-savvy shoppers.

Pros

  • Offers good range of insurance discounts.
  • Solidly rated for pricing/value.
  • Sells all major insurance types (auto, home, life).
  • Have 12,000 agents nationwide.

Cons

  • Mediocre service ratings.
  • Limited life-insurance coverage options and riders.
  • Only allows two insurance types to be bundled (one must be auto).

Best Cheap Insurance for Auto Discounts: Farmers

According to Bankrate, Farmers Home Insurance offers 17 of the most common car-insurance discounts, besting nine of its largest competitors. They include a fairly rare discount for “green” vehicles such as hybrids.

The company also offers a robust number of breaks on homeowners insurance, too, including discounts for protective measures such as roofing upgrades as well as for newly built and renovated homes.

Pros

  • Offers wide range of insurance discounts.
  • Sells all major insurance types (auto, home, life).
  • Have 50,000 agents nationwide.

Cons

  • Mediocre ratings for overall value.
  • Poor ratings for service.

When Should You Bundle Insurance?

Bundling insurance makes sense for many policyholders, both because of the bundling discount and because it’s more convenient to have one insurer you deal with.

When Should You Bundle Insurance?

However, that doesn’t mean you should always bundle without considering all your options. Bundling coverage is generally a good idea for you if:

  • You know and are confident in your insurer
  • When You can achieve cost savings by bundling
  • You can get the coverage you need from one insurer

However, bundling insurance might be a bad idea if:

  • A poor driving record leads to higher premiums
  • It’s cheaper to buy policies from different insurers
  • The insurer offers discounts only on certain packages

Centered Points

  • When you’re looking for the best deal on insurance, don’t assume an insurance bundle is always the best bet. You should get quotes from multiple home and auto insurance providers to find out who can provide the most comprehensive coverage at the best price.
  • When you talk with insurers, ask about cost savings if you buy multiple policies through them.
  • And make sure to find out if you might be able to incorporate other insurance into your bundle too, such as insurance for your small business or life insurance.

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