Insurance bundling simply means buying your home insurance and auto insurance (or other coverage) from the same company. Bundling your insurance policies has many advantages, most notably potential savings on your overall insurance costs. While it’s true that generally speaking, bundling your auto and home insurance can save you money, it’s not always the case.
Each policy should be reviewed on a case-by-case basis with several factors considered. Be sure to do your homework when it comes to price comparisons, considering the optional coverages different companies may offer. Combining your policies to one company is an easy way to simplify your life.
From an insurance company standpoint, items commonly included in bundles are intended to mitigate loss and reduce claims. Another advantage of bundling is to prevent coverage gaps. For the consumer, when bundling policies you’ll receive a multi-policy discount on each policy – which can add up to substantial savings.
What are the benefits of bundling your insurance?
- Increased savings. A multi-policy discount could save you as much as 25%, depending on the company and premium.
- Simplified policy management. You should have less of a hassle managing multiple policies when they are with the same company.
- Insurance security. If you have auto insurance claims or tickets, having other policies with the same company can lower the chances your insurer will drop you.
- Risk management. Having one agent overseeing all your policies can prevent gaps in coverage.
At FDIG, as brokers we have access to many insurance companies, which allows us to continually shop your insurance. Your cost of home insurance and auto insurance can change from year to year, so working with a broker can help ensure you’re always getting the best rate – and coverage – possible.
To review your current coverage or discuss bundling your policies, give us a call at 724-575-7237.