Is Bundling Your Home and Auto Insurance Worth It?

Insurance isn’t always the most exciting way to spend money—but it’s necessary to financially protect some of your biggest investments, such as your house and vehicle. Many people look to bundling their home and auto insurance policies to save money.

What Is Bundling?

Bundling your home and auto insurance refers to purchasing both types of policies from one insurer rather than carrying separate policies through two different insurers. It has become a popular option because of its convenience and frequent discounted options.

What Are the Pros of Bundling Your Auto and Home Insurance?

You may benefit from the following when you bundle your home and auto insurance policies:

• Cost savings—Many insurers offer discounts to clients who purchase multiple policies with them. This may lead to savings on premiums.

• Streamlined service—When you bundle your policies, you have one insurer as your point of contact, leading to less time spent on administrative tasks like renewing policies with multiple agencies.

• Additional discounts—Insurance companies frequently offer discounts when you bundle your policies, such as accident forgiveness or deductible waivers. You may find discounts on other policies you may need, such as on umbrella or life insurance.

Are There Disadvantages to Bundling Your Home and Auto Insurance?

While bundling policies typically comes with more savings than carrying separate policies, it’s always wise to compare quotes and explore your options. One insurer may not have the best deals on both home and auto insurance, and bundling may limit your choices if you need specialized coverage that one company doesn’t offer. You should always consult with your agent for guidance on the best coverage for your needs.

Contact Us

To explore your potential savings through bundling your policies, contact the Jack L Bonus Insurance Agency today.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.