Bundling Home and Auto Insurance for Big Savings

Should You Bundle Your Home and Auto Insurance?
Bundling Home and Auto Insurance for Big Savings
Bundling Home and Auto Insurance for Big Savings

If you want to save money on your Home Insurance and Auto Insurance, then bundling is the way to go! Bundling Home and Auto Insurance together can provide you with significant savings on both types of coverage. In this blog post, we will discuss the benefits of bundling these two types of insurance and how you can make sure you get the biggest savings possible. Read on to find out more! Contact DeOliveira Insurance.

Why You Should Bundle

Bundling home and auto insurance is a great way to save money and simplify your finances. By bundling these two policies together, you can sometimes get one deductible in the event of a claim with a discounted rate that covers both your home and car insurance. Bundling also means you can manage all your insurance needs from one company, making it easier to keep track of your coverage.

One of the main advantages of bundling is the cost savings. Home insurance premiums can be significantly reduced by combining them with your auto policy. Not only can you receive discounts for having multiple policies with the same provider, but you may also be eligible for additional discounts on your insurance policies depending on your background, number of cars, and the various drivers. When your agent can see the full picture of all your exposures, they can search for different companies to meet your needs. This can mean significant savings on both your auto and home insurance premiums.

In addition to the cost savings, bundling home and auto insurance gives you peace of mind that all your bases are covered. With one provider, you can ensure that you are adequately protected against any damage or losses to your property. You can also access one customer service representative to answer any questions about your coverage, making it easier to understand your coverage and ensure you have the right protection in place.

By bundling your home and auto insurance policies, you can save money and rest assured that you are fully protected.

How Much You Can Save

Bundling your Home and Auto Insurance can result in significant savings. You can save up to 20% on your Auto Insurance premium when you bundle with Home Insurance. Some companies even offer discounts up to 25-30% for combining policies. However, comparing different insurers to find the best deal for your situation is important. A comprehensive comparison of insurers will help you determine how much money you can save by bundling Home and Auto Insurance. Additionally, some insurers offer multi-policy discounts that increase your savings as you add more policies. So, if you are looking for a way to save money on your auto insurance, bundling home and auto insurance and even adding an umbrella are great ways to do so. In some cases the discount for having the umbrella can outweigh the cost of adding this valuable coverage.  Not only can you get significant discounts on your Auto Insurance policy, but you may also be eligible for additional multi-policy discounts. To get the most bang for your buck, compare rates from various insurers to see which company offers the best rate for bundling Home and Auto Insurance, a seasoned agent can help you compare and explain the value of the different carriers beyond just the price. Furthermore, be sure to read all the terms and conditions associated with each policy so that you understand what you are signing up for before committing. Finally, reevaluate your policy every few years to ensure you always get the best coverage value for your Auto and Home Insurance needs. As your situation changes so should your insurance coverage. Whether the kids are no longer in the home,  you sold a boat or trailer, or perhaps you have placed your home in a trust. These are all changes that need to be updated with your insurance carriers, and perhaps it’s time to change companies because of how your life has changed. You want to have the right carrier for your needs as your needs change.

What Companies Offer Bundling

When bundling home and auto insurance, you may have plenty of options depending on where you live. If you’re on Cape Cod, some of the carriers in this area do not write both home and auto. However, when using an agent, most carriers give local agents extra discounts unavailable online or even when you call them directly. Many leading companies offer the ability to create a custom bundle through their agents to keep and attract their preferred clients and offer valuable savings.

State Farm is one of the biggest bundled home and auto insurance providers. With State Farm, you can combine your Home Insurance and auto Insurance policies and take advantage of a multi-line discount. This could lead to savings of up to 15%. However, they have little to no footprint in MA, and do not write Homes on Cape Cod and the island.

Another popular provider is Allstate. They also offer a bundle discount if you combine your Home and Auto Insurance policies. You could save up to 10- 20% on both policies by using their bundled services. Allstate again does not write homeowners on Cape Cod, however they can access Excess Insurance companies to write the homeowners. These policies have additional taxes and fees due to being excess market providers. They also typically have much higher deductibles.

GEICO offers a 10% discount when you bundle Home Insurance and Auto Insurance policies. Again, for Cape Cod they do not write the home, but they do broker the policies with standard market carriers. The auto price may be great value, but this may not be the best homeowner’s option for you; it’s just the only one available for their bundling program.

Progressive provides another option for bundling home and auto insurance. With Progressive, you could save up to 15-25% on both policies when you bundle them together.  They will write a home on Cape Cod up to 1,000 feet from the water, when purchased for a local agent. They can even write a custom bundle and still receive an additional discount.

These are just a few examples of the many providers offering home and auto insurance bundling. Be sure to shop around and compare rates and discounts, if you are buying online. The best recommendation is to call a local agent that can do the shopping for you, getting you the best coverage and price,  while saving you time and worries.

How to Get the Best Deal

If you are considering bundling your Auto Insurance and Home Insurance policies, there are a few things you can do to ensure you get the best deal. If you are going to shop online, first research different insurance providers in your area and compare rates, you can get quotes from several providers and find out which one offers the most savings when bundling both types of insurance.

Second, compare deductible options; sometimes, increasing your deductible to a reasonable amount for you can save you hundreds of dollars, but do the math. If you save$200 more by going to increase your deductibles, but it takes 20 years to make up the out-of-pocket cost, it is probably not worth it.  Keep in mind, the higher your deductible, the more out-of-pocket costs if you need to make a claim.

Third, ask about discounts. Many insurance companies offer discounts to those who bundle their Auto Insurance and Home Insurance policies. Make sure to ask about any discounts that may be available; multiple cars, marriage, age, loss free history, group discount, alumni, and good student discounts.

Or call a local agent that listens to your concerns, someone who can suggest practical solutions, and offer honest advice.  A good agent may ask you what your price and coverage is. This is not a trick, or an attempt to undercut the current policy. It is part of a full and transparent evaluation. The price may seem good to you, and you may be severely under insured. Or you might have the best deal going, and they can quickly and honestly explain that to you, so can be confident you have the best product for your situation. Otherwise, they can suggest multiple companies that may be a better fit and empower you with knowledge to make the best choice for your insurance needs.  It is important to understand what is covered under each plan as well as any exclusions, limitations, or specific deductibles that may apply. Some providers offer additional benefits such as roadside assistance or rental car coverage if you bundle Auto Insurance with Home Insurance.

Before making any decisions, talk to an experienced insurance agent. They can provide more detailed information on the pros and cons of bundling Auto Insurance with Home Insurance. Be sure to review all the options before deciding which plan is right for you. Bundling Auto Insurance and Home Insurance can provide great savings, but it is important to take the time to look at all the options before committing to one policy.