Purchasing both home and auto insurance with the same company is the best way to potentially save time and money. Auto and home insurance bundles can get you a decent multi-policy discount. Below are the benefits of having car and home bundle insurance:
1. Save money
One of the benefits of having home and auto insurance from the same company is receiving a bundling discount. This multi-policy discount can go up to 14%. As a result, you can end up saving around $466 a year. So purchasing an auto and home insurance bundle is the best idea when it comes to saving money.
2. Have a single deductible
Some companies apply one deductible to bundle home and auto policies in case damage occur to your house and car in one event. For example, when a tree fall and damages both your car and home, you’d pay one deductible for the incident instead of two separate deductibles. Doing so will be able to manage your bundled policies all in one.
3. It’s more convenient.
Since you are dealing with only one insurance company, payments, and other customer services are so convenient and this can eventually save you time. Thus a home and auto insurance bundle remains an easy way to manage all your policies at once. Remember, your time is as valuable so is the home and vehicles. There is no essence to managing multiple insurance policies through different companies when you have the option to do it all with bundle insurance.
4. It is possible to bundle several policies together
Apart from home and car, you can bundle more of your property. Remember, the more you bundle your property, the more you save the money. When you shop for car insurance and home insurance you are likely able to determine what other policies a provider can offer for bundling. However, here are some policies that are commonly bundled:
- Car insurance
- Homeowners Insurance
- Renters Insurance
- Motorcycle Insurance
- Boat Insurance
- Recreational vehicle insurance
- Life insurance
5. It offers more flexibility
Having a home and auto insurance bundle also gives you the option to manage all your insurance policies in a more flexible way wherever you are. You don’t have to keep calling an agent or go into an office to get service. Some insurance companies allow you to access your policies on the go with their easy-to-use app.
Since Different stages of life bring new insurance demands, you need something that will help you in the transition process from being a renter to becoming a homeowner or single driver to a multi-car family. If you consider that bundle insurance could be the best option for you
Conclusion
If you need multiple insurance products, such as home and car insurance, you should consider bundling these products. Purchasing auto and home insurance bundle allows you to take advantage of savings. It allows you to purchase all your insurance products from one insurer. To get the right cost for your residential and car insurance, you will be required to provide your property details including the driver and vehicle information.
