Bundling Insurance Can Mean More Coverage and Less Cost

April 19, 2022

Finding the right insurance coverage can be a time consuming and often stressful task. With so many options on the market, it is easy to become overwhelmed. An experienced independent insurance agent can help you compare and identify the right policies among multiple companies. They can also help identify discounts and ways to save you money in the process.

One of the easiest ways to save money is by bundling policies. For that reason, it is favorable to have your home and auto insurance policies through the same insurance company. Most insurers offer discounts for bundling home and auto or auto and renters insurance or other policies too. The key is finding the best company that fits your needs and simultaneously saves you some money.

How much money can I save by bundling my policies?

One of the most common ways to save money is to bundle home and auto policies. A multi-policy discount could save you as much as thirty-five percent on insurance costs, depending on the company and where you live. To keep your savings up to date, it is important to shop your policy options often and compare different companies especially as your needs or life circumstances change.

What types of policies can be bundled?

The types of insurance that can be bundled will vary depending on the insurance company, but the most common types of insurance to bundle are auto insurance and homeowners insurance. Some companies will also offer a bundling discount for renters, condo, umbrella, boat, life, mobile home, motorcycle, snowmobile, and even travel. One insurance company may not offer the same multi-policy discounts as the next so it is important to compare plans with the help of your agent.

So what should I do with these savings?

Buy more insurance, of course! In all seriousness, if you have been considering other coverages, like pet insurance, personal umbrella, Medicare or a life insurance policy, you can use the savings from your bundled insurance policies to purchase additional insurance products. The cost savings are a great way to secure insurance coverage for other important assets you have not yet protected.

What are other benefits of bundling insurance?

In addition to the cost saving benefits, bundling multiple policies with the same insurer makes your policy management simpler. Dealing with the same company for your insurance needs is certainly easier than dealing with several insurers. There is also a reduced risk of your insurance company dropping you due to multiple car insurance claims or tickets if you have bundled policies with the same provider.

Talk with a Brooks, Todd & McNeil agent

Our independent agents can help you find the right coverage and potential savings. By shopping the policies of many insurance companies, our agents can compare quotes and take your specific needs into account when determining the best policies for you.