What's an insurance bundle?
An insurance bundle is when you have more than one type of policy with the same insurance company creating a "bundle" of policies. Some insurers offer a discount for having more than one type of policy with them. When you insure both your car and your home with the same company, there are usually great discounts available, plus you get the convenience of only dealing with one company.
Why bundle insurance policies?
1. You'll save money.
A home and auto insurance bundle is the easiest and best way to save money on your insurance. If you're in need of both auto and home insurance, or even renters, or condo, you could save by having them all with the same company.
2. It's more convenient.
Your time is valuable, why manage multiple insurance policies through different companies, when you can do it all with the same one. Manage all your policies in one place for the ultimate convenience.
3. Flexibility
Different stages of life bring new insurance needs. Transition from renter to homeowner or a single driver to multi-car family all in one place. Manage all of your insurance policies wherever you are with one carrier without having to go to different places for questions.
Common questions on bundling insurance
How much will I save by bundling?
Because every policy and company is different, the exact savings you'll get from bundling your home and auto insurance policies will be unique to you. Work with your agent to find out what your savings opportunity is.
When should I bundle my insurance policies?
There's never a wrong time to consider bundling, but its ideal when you are purchasing a new home or moving as you will need to update your auto policy most times anyway.
Do I need to purchase both policies at the same time to get a bundle discount?
Not always. It depends on the insurance company as many will allow you to add your home or auto at a later date. It is common to be able to add the additional policy 30-60 days after the original policy went into place.