Why should you bundle your auto insurance and home insurance

Bundling auto and home insurance, which means purchasing both policies from the same insurance company, can offer several benefits. Here are key reasons why you should consider bundling these policies:

 1. Cost Savings

The most significant advantage of bundling is the potential for discounts. Many insurers offer a substantial reduction in premiums when you purchase multiple policies. These savings can vary but often range from 5% to 25% off each policy.

 2. Simplified Management

Having your auto and home insurance with the same insurer simplifies the management of your policies. You’ll have fewer accounts to keep track of, which can make it easier to manage payments, renewals, and updates to your coverage.

 3. Single Deductible

Some insurance companies offer a single deductible for bundled policies. If a single event, like a storm, damages both your home and car, you may only need to pay one deductible for the repairs instead of separate deductibles for each policy.

 4. Improved Customer Service Experience

Dealing with one insurance company for both policies can lead to better customer service experiences. Your insurer will have a more comprehensive view of your insurance portfolio, which can facilitate more personalized service and faster resolution of claims or issues.

 5. Lower Risk of Non-Renewal

If you have both policies with one company, you may be viewed as a lower risk customer. In the case of a claim on one policy, having multiple policies with the company can sometimes reduce the likelihood of non-renewal or cancellation.

 6. Consistent Policy Terms

Bundling can lead to more consistent coverage terms and limits across your policies, reducing the chances of gaps or overlaps in coverage. This consistency can provide a clearer understanding of your overall insurance protection.

 7. Easier to Review and Update Coverage

With both policies under one roof, it’s easier to review and update your coverage as your life circumstances change, such as buying a new car or making home improvements. This can ensure that your coverage levels are always in sync with your current needs.

 8. Potential for More Comprehensive Coverage

Some insurers might offer more comprehensive options or additional perks to bundled policyholders, such as identity theft protection or equipment breakdown coverage, as part of the package deal.

 9. Builds a Relationship with Insurer

Over time, bundling policies can help you build a stronger relationship with your insurer. This relationship could be beneficial if you need to negotiate rates or coverage in the future.

 10. Streamlined Claims Process

If you ever have a situation where both your home and vehicle are affected by the same event, having both policies with the same company can streamline the claims process, making it less stressful and possibly resulting in quicker claims handling.

While bundling auto and home insurance offers many advantages, it’s still important to periodically review and compare options to ensure you are getting the best deal and the most suitable coverage for your needs.