Are you missing out on savings? If you have insurance policies with more than one company, the answer is most likely yes.
The commercials are true: Bundling insurance policies is often cheaper and more convenient when done with a single insurer. But why?
While bundling may not be right for everyone, here is the how – and the why – on insurance bundling. Then you can make your own decision.
What does it mean to bundle my home and auto insurance?
Bundling your home (or renter’s) and auto insurance means getting both policies from the same insurer. You can ask for a quote to see your potential savings before you make a switch.
1. Save money when you bundle policies.
You probably have to have home and auto insurance anyway, so you want to get the best possible deal on your coverage. You may be eligible for a multipolicy discount when you get more than one insurance policy from the same company. This is in addition to any other discounts you receive, such as for a good driving record.
2. Simplify payments and organization.
Bundling your insurance coverage can help you simplify with one monthly payment instead of several. It’s also easier to keep up with your policies when you can view all your insurance documents in one place. Check your coverage, ask a question, and file a claim — all from the same online portal or mobile app. If your insurance needs to change in the future, you just have one phone call to make.
3. Increase your convenience as a customer.
If you file claims often, it’s better to have a company that knows and values you as a customer. And even if you don’t file many claims, holding multiple policies with a single insurer gives more business to a company that has given you superior customer service in the past.
If you have any questions, reach out for help.