You can never put a price on security; however, knowing where to find an excellent multi-policy deal can save you money.
Any reputable company will be able to give you a discount when you bundle their services together, and this can be a significant amount for some people. It can also be a lot easier to keep on top of the paperwork when it all comes from one source.
Here are some of the insurance companies that can bundle services:
Geico is another reputable company offering value through bundling services.
They combine auto insurance with home or renters insurance like many other companies do, but they also give you other options as well. For instance, they offer discounts for the military and federal employees as well as students.
Geico’s multi-policy discounts include multi-vehicle discounts so that you can insure your car and bike for a discount.
With three different multi-policy options depending on your circumstances, you can enjoy discounts if one of the following meets your requirements:
- Auto and home insurance
- Auto and renter’s insurance
- Auto and condo insurance
They offer a multi-policy discount for these situations, and you can add on many different levels of coverage including breakdown assistance. You can also update each policy at any time.
Founded in 1912, they have an outstanding reputation in the industry, insuring over 1.5 million vehicles.
You can build your policy easily through Progressive. It doesn’t just start and end with home and single vehicle insurance. You can add a boat, car, RV, motorcycle, and renter’s insurance, among others. Combining two or more products allows for a multi-policy discount, and you can also purchase pet, travel and health insurance through them.
Progressive also says that if you already have one of their policies but wish to add another, the discount will be added. Their website shows average savings of $808 when bundling home and auto insurance.
Trusted by over 18,000,000 drivers, they certainly have a large share of the market.
USAA – Best for Military
The first thing you would expect from USAA is quality vehicle insurance, and that is what you will get.
They don’t charge extra for flexible payment plans, but most significantly, they say that in 2016 their members saved $519 million when they bundled their insurance products. Combining vehicle insurance with home insurance, whether you are a renter or homeowner, yields significant discounts.
There are even family discounts available. Ensuring multiple people for multiple services can help you save even more money than if you were to purchase separately.
Only available to current or former military members and close relatives.
State Farm believes that they can save customers up to $854 when switching to their bundle policy. Again, this is for home, condo or apartment insurance as well as a vehicle. You can expect further discounts for insuring multiple vehicles as well.
They offer a wide range of insurances, but the discount is only applicable to home and auto policies. It’s easy to get a quote online, but if you prefer the personal touch, they have offices across the country.
Allstate says that you can get savings of up to 10% on auto and 25% on home premiums. These discounts apply to renters and condo insurance too.
Interestingly, if you combine an Allstate auto insurance with life insurance, you can also save by purchasing the two as a bundle.
The best way to find out how you can save is to inquire with them as they don’t specify what sort of discount you can expect, but you could even get money off when adding a new driver.
The Hartford offers a variety of discounts that aren’t just subject to bundles.
Still, they advise that when you purchase auto and home insurance you can save up to 5% on car, and 20% on home/condo/renter’s insurance. There are other ways you can save even more on your insurance through them which includes defensive driver certification, and also proving that you have a safe vehicle.
Formed in 1810, The Hartford is one of the oldest insurance companies. Seemingly, they stand by their already well-priced policies, but you can get a better deal through bundling.
Expect access to agents around the clock as well as guaranteed policy renewals for drivers.
Insurance Companies That Can Bundle Services Conclusion
Because there is high demand for multiple insurance policies, the industry is very competitive. You can see from the numbers listed above that these companies are dealing with millions of customers.
This has created a market that can favor the consumer, with each of the insurers offering some substantial discounts on bundled services.