If you own a home, chances are you own at least one car as well. Did you know that you save quite a bit of money by bundling your home and auto insurance? Most local and national chain insurance companies offer multiple types of insurance and will give you big discounts for bundling with them.
Why Bundle Your Home And Auto Insurance?
Home and auto bundles offer unique coverage opportunities and great discounts. It also saves you time and confusion, trying to work with multiple companies. In fact, sometimes weather conditions can damage both your car and your home at the same time. If you have bundled insurance with the same company, you’ll have a much smoother transaction getting your claims filed and approved.
Also, if you have a situation that makes it hard for you to get either home insurance or auto insurance, you can use bundling to help you obtain what you need. So if you have a high-risk home that is on a flood plain or in the path of wildfires, you have a stronger chance of staying insured (not being dropped) if you have a bundle in place.
The discounts of bundling are not minor; in fact, you can save upwards of 15-20% off your premiums when you have multiple policies with the same company. You can also get multi-car discounts and add additional coverage for boats, RVs, rental properties, and more.
How To Find An Insurance Bundle Deal
To get the best rates possible, ask your insurance agent about the option to bundle your home and auto insurance. If you’re shopping for new insurance, make sure your insurance broker knows that you’d like to bundle and to only look at companies that offer both home and auto insurance in their side-by-side comparisons.
Is Bundling Right For You?
Most of the time, bundling will save you money. However, if you have a really unique home or auto situation, poor credit, or a bad driving record or suspended license, then finding a bundle deal might be harder or not save you as much. You can find details about your home and auto plans on their respective declarations pages.
You can find the following information on the declarations page:
- Your annual premium
- Coverage amounts for each section of your policy
- Your deductible amount
- The policy’s effective dates (when your coverage starts and ends)
Carefully consider your options if you are in one of these unique positions. Sometimes there are companies that specialize in high-risk situations that can help you. Get quotes from at least three companies any time you are shopping for new insurance