The Best Home and Auto Insurance Bundles of 2024
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Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. Pat Howard is a managing editor and licensed home insurance expert at Policygenius, where he specializes in homeowners insurance. Policygenius prides itself on providing transparent, unbiased reviews of home insurance companies. Though we make money when you purchase a policy through our site, this does not affect our editorial independence and rigorous editorial standards. Once we determined each company’s Policygenius bundling score, our team of insurance experts analyzed the list to choose the best options overall.
What are the best home and auto insurance companies?
Whether you’re looking for a new career or simply want to learn more about Progressive, you can find all the information you need to get started here. At Progressive, we'll help you transition from renter to homeowner or single driver to multi-car family. These are sample rates and should be used for comparative purposes only. The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required). To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements.
The Best Car and Home Insurance Bundles for 2024
Read our editorial guidelines and full ratings methodology for auto insurance. Farmers offers a bundling discount of up to 18%, which brings its average bundling rate to around $3,450 per year. It offers 36 home and auto insurance discounts to save even more — the highest of any other company on this list — and 35 policy endorsements for increased coverage on your policies. It also scores well with AM Best for its financial strength and receives 50% fewer customer complaints according to the NAIC.
Pros and cons of bundling home and auto insurance
Your answers can serve as a framework for shopping around and comparing bundling discounts. Getting multiple quotes can give you a general idea of how much you’ll pay and some numbers to work with so you have an idea of how much you’re likely to save. Bundling could also work against you if you’re giving up certain coverages or benefits by moving to a new insurer. For example, you might be in for a surprise if you switch homeowners insurance policies only to find out that your new company has a banned dog list or doesn’t offer guaranteed replacement coverage. For instance, with Auto-Owners, the average bundling discount is 10%, much less than the 23% offered by State Farm.
Bankrate
We evaluated insurers based on their bundling discounts, auto and home insurance costs, and level of complaints to determine which companies offer the best home and auto insurance bundles. NerdWallet’s auto insurance ratings reward companies for customer-first features and practices. Ratings are based on weighted averages of scores in several categories, including financial strength, consumer complaints and discounts.
Allstate has availability across all 50 states and Washington, D.C., as well as a strong selection of endorsements for policy customization. Policyholders can choose from add-ons like home-sharing coverage and green improvement reimbursement. However, the carrier did score below the segment average for overall homeowners customer satisfaction and property claims satisfaction per J.D.
Shopping around for home and auto quotes regularly will leave you confident that you’re getting the best price possible. Remember to get car and home insurance quotes for the same coverage and deductible limits so you’re comparing apples to apples. Bundling home and auto insurance can be convenient, but it may not give you the lowest price or meet all your needs.
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For this story, NerdWallet calculated averages using the median, which is the midpoint of the rates we examined. Also, don’t forget to look beyond bundling discounts for other opportunities to save. Insurers can offer a variety of discounts for home and auto insurance, including new home discounts, first-time customer discounts and safe driver discounts. Nationwide is a 2024 Bankrate Awards winner for Best Budget Home Insurance Company.
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USAA’s home and auto bundling discount isn’t quite as high as other insurers. However, the company offers some of the lowest rates overall for both home and auto coverage, which can add up to significant savings. USAA is only available to the military community and eligible family members. Bundling insurance is when you buy home insurance and auto insurance policies from the same company. Besides the convenience of not having to jump between companies to find your policy information, most insurance carriers provide a discount for bundling policies.
This influences which products we write about and where and how the product appears on a page. We offer insurance by phone, online and through independent agents. Find answers to your insurance questions, insights into current trends, and tools for navigating life in our resource center.
Finding the right company to bundle home and auto insurance with is key to maximizing your savings. Our insurance team is composed of agents, data analysts, and customers like you. They focus on the points consumers care about most — price, customer service, policy features and savings opportunities — so you can feel confident about which provider is right for you. The information provided on this site has been developed by Policygenius for general informational and educational purposes. We do our best to ensure that this information is up-to-date and accurate.
Bundling through Policygenius means we'll do all the paperwork that comes with switching insurers — from purchasing your new policy to canceling your old ones. To bundle your auto and home insurance, the easiest way to get started is by using an insurance marketplace like Policygenius — we'll do all of the work for you. The cost of car and home insurance is critical for most insurance buyers.
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