Bundling Home and Auto Insurance: How It Works
Bundling means buying more than one type of insurance, often home and auto, from the same company. Many insurers offer a discount for it, but whether it saves you money depends on the company and your situation.
What bundling means
A bundle, sometimes called a multi-policy arrangement, puts your home and auto policies with one insurer. You may get one point of contact and sometimes one billing date.
How the discount generally works
Insurers that offer a multi-policy discount set the amount themselves, and it can vary by company and state. Ask for the discount in writing and see how it affects each policy.
Possible benefits
- A multi-policy discount, where offered
- One company to call after a claim
- Simpler renewals and billing
Things to watch for
- The bundled price may still be higher than two separate policies from different companies
- A discount on one policy may come with higher rates on the other
- You may be tied to one insurer's claims service for both policies
- Coverage limits and deductibles still need a line-by-line check
How to compare fairly
Get a bundled quote and separate quotes using the same limits, deductibles and endorsements. Compare the total yearly cost and the coverage, not only the headline discount.
Next step
A licensed agent can quote home and auto together and separately so you can compare. HavenLine is a referral service, not an insurance company.
Questions
Do I have to bundle?
No. Many people keep separate policies if separate quotes cost less or fit better.
Can I bundle other policies?
Some insurers also combine umbrella, renters or life policies. Ask what they offer.
General information only, not financial, legal or insurance advice. Rules, prices and benefits vary by state and by policy. A licensed professional can explain what applies to you.