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What is insurance bundling and why does it make sense?

Find out a few benefits to bundling your home and auto insurance

Bundling—often known as a multi-policy discount—can often save you money by going through the same carrier for both home insurance and auto insurance

Wondering if bundling policies is right for you? Here are a few of the benefits that can come from bundling your home and auto insurance.

  1. Bundling insurance policies can save you money.

    Home and auto insurance companies often offer solid discounts for bundling multiple policies. In fact, some insurers might be able to provide a single deductible for both policies. This could potentially help save money in the long run should accidents occur to the assets you’re hoping to insure. Individuals who bundle with SelectQuote save, on average, more than $700.*

  2. Bundling can save you time.

    With one carrier serving as a one-stop-shop for home and auto insurance, bundling can potentially save you time in addition to money. Bundling makes managing home and auto policies easier, reduces the paperwork, as well as the inconvenience of communicating with multiple insurance companies for multiple policies. You’ll have the convenience of asking questions and raising concerns all in one place.

  3. Bundling can give you several options for coverage.

    Insurance companies offer more complex bundles to encourage the combining of multiple policies beyond home and auto insurance. Not only will it be easier to obtain more coverage from that carrier, it might be possible to insure your car, home, rental property, boat and RV all under one policy. Having all that coverage in one place can cut down on the paperwork and you may only have to pay a single deductible for all of it.

How to Shop for Bundled Insurance Policies

The best way to bundle home and insurance policies is to shop with several different insurance companies at once. SelectQuote can help you find insurance bundles that meet your budget and coverage needs by comparing available rates and plans in your area.

Don’t forget: bundled quotes for home and auto insurance are unique to each policyholder. They’ll vary depending on your claims history, driving record and where you live.

Is bundling my insurance right for me?

In most cases, purchasing bundled home and auto coverage can get you the biggest bang for your buck. But you’ll also want to make sure you’re getting quality coverage. Maybe your insurance company meets your home insurance needs, but will their auto insurance do the same? As you shop for home and auto insurance bundles, consider the following:

Evaluate each policy’s merits. 

Carriers with an excellent reputation for auto insurance claims may not have the same level of service when it comes to home insurance coverage. For each type of coverage, seek out shorter, simpler policies with straightforward payout terms. Always clarify what is and isn’t included in the policy, too.

Focus on more than price.

Big discounts on insurance premiums can be attractive, but make sure you compare features and deductibles, too. A low price is important, but don’t forget about other details like being able to use your local mechanic when filing an auto claim.

Determine whether the insurance carrier can cover both policies.

Some insurance companies offer home and auto bundles by working with other insurance carriers. This is fine if both companies work well in their respective fields. But you may not get the same level of service for auto claims that you might for homeowners claims, and vice versa. Before you sign up, find out if both policies are actually underwritten and serviced by the same insurance company.

Know your policy limits.

It may not be possible to bundle your home and auto coverage in areas of the country prone to weather disasters or wildfires. In other places, you can bundle home and auto insurance with umbrella policies that can provide an additional $1 million or more in protection. Before you decide to bundle coverage, make sure you’re eligible based on geography.

Shop around for coverage.

Compare home and auto policies from several different carriers at once to gauge both quality of coverage and price. SelectQuote simplifies this process by handling it all—from shopping to giving you your quote—in minutes.

The best way to bundle home and insurance policies is to shop with several different insurance companies at once. SelectQuote can help you find insurance bundles that meet your budget and coverage needs by comparing available rates and plans in your area.

Don’t forget: bundled quotes for home and auto insurance are unique to each policyholder. They’ll vary depending on your claims history, driving record and where you live.

Is bundling my insurance right for me?

In most cases, purchasing bundled home and auto coverage can get you the biggest bang for your buck. But you’ll also want to make sure you’re getting quality coverage. Maybe your insurance company meets your home insurance needs, but will their auto insurance do the same? As you shop for home and auto insurance bundles, consider the following:

Evaluate each policy’s merits. 

Carriers with an excellent reputation for auto insurance claims may not have the same level of service when it comes to home insurance coverage. For each type of coverage, seek out shorter, simpler policies with straightforward payout terms. Always clarify what is and isn’t included in the policy, too.

Focus on more than price.

Big discounts on insurance premiums can be attractive, but make sure you compare features and deductibles, too. A low price is important, but don’t forget about other details like being able to use your local mechanic when filing an auto claim.

Determine whether the insurance carrier can cover both policies.

Some insurance companies offer home and auto bundles by working with other insurance carriers. This is fine if both companies work well in their respective fields. But you may not get the same level of service for auto claims that you might for homeowners claims, and vice versa. Before you sign up, find out if both policies are actually underwritten and serviced by the same insurance company.

Know your policy limits.

It may not be possible to bundle your home and auto coverage in areas of the country prone to weather disasters or wildfires. In other places, you can bundle home and auto insurance with umbrella policies that can provide an additional $1 million or more in protection. Before you decide to bundle coverage, make sure you’re eligible based on geography.

Shop around for coverage.

Compare home and auto policies from several different carriers at once to gauge both quality of coverage and price. SelectQuote simplifies this process by handling it all—from shopping to giving you your quote—in minutes.

Importance of Shopping Around for Home and Auto Insurance

It’s crucial to evaluate the individual policies before deciding on bundling for your insurance coverage. A carrier might have a strong reputation for one type of insurance but may not be the same level for another. You’ll want to compare the features and deductibles in addition to the premiums, as sometimes discounts on one can distract you from high costs on another. 

The easiest and fastest way to find the right home and auto insurance policy bundle is to work with SelectQuote. Whether you’re new to buying insurance or shopping around, in just minutes we can help you compare coverage and rates from some of the most trusted insurance companies in the nation. We can help you figure out where you could save the most money while also receiving adequate coverage.

* Average customer savings based on an average of new SelectQuote Auto & Home Insurance policyholders between 1/9/2020-1/10/2021. Individual savings may vary, and are not guaranteed. Coverages and discounts subject to state availability and individual eligibility.

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