UPDATED: Mar 13, 2020
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Look at any list of the best auto insurance discounts and you’re guaranteed to see “bundling” on the list. It’s true: bundling home and auto insurance policies together can help you save hundreds – even thousands – per year.
Certain companies offer better bundling discounts than others, however. Today, we’re featuring the top 10 best insurance companies for bundling home and auto insurance.
Top 10 Best Insurance Companies for Bundling Home and Auto Insurance
State Farm is one of the few insurance companies on this list to offer all major policy types – home, auto, and life insurance. the company also offers an extensive range of customization options. Overall, State Farm is one of the biggest and most popular insurance companies in the United States for good reason.
State Farm is ranked solidly across the board in terms of claims satisfaction and customer service. They employ over 18,000 agents, making it easy to buy a policy online or over the phone. State Farm is also one of the few to offer an online life insurance quote comparison tool – something you don’t always see.
If you’re looking for a complete insurance package of home, auto, and life insurance policies, then State Farm may be worth a look. Customers report saving about 17% to 20% by bundling home and auto insurance with State Farm.
Allstate has a range of standard auto insurance discounts. However, where Allstate really surpasses its competition is with home insurance discounts. The company offers more homeowner’s insurance discounts than any other provider on this list.
As a homeowner, you may pay cheaper rates for home insurance for a smoke-free home and claims-free record, for example. Overall, Allstate offers some of the best value nationwide for those who need both home insurance and auto insurance.
It’s important to note that Allstate only lets you bundle two insurance types, and one of them has to be auto insurance. you cannot bundle home and life insurance, for example, but you can bundle home and auto insurance.
Progressive customers can save hundreds of dollars per year by bundling home and auto insurance. Some customers indicate that they saved 10% by bundling home and auto insurance together with Progressive.
Interestingly, not all customers found cost savings with Progressive. Some customers claim they were able to find cheaper auto insurance and home insurance with another company: so even if you have car insurance with Progressive, you may want to shop around for home insurance with other providers and ignore the bundling discount.
American Family claims to offer one of the biggest bundling discounts in America. On their official website, American Family claims customers can save 29% on auto insurance and 20% on home insurance by bundling the two policies together. Most other companies on this list advertise bundling discounts of 10% to 12%.
Farmers has some of the best auto insurance discounts across the United States – including discounts for bundling home and auto insurance.
Farmers also has unique discounts you don’t see with other insurers, like a green or hybrid vehicle discount. Home and auto insurance policies can be customized based on your unique needs. You can also get a break on home insurance with various home features – like roofing upgrades or new renovations.
Farmers does tend to lag behind its competition in terms of claims satisfaction and value, however. Even with bundling discounts and other discounts, your final price may be similar to other insurers on this list.
Nationwide offers a range of policy options for homeowners and drivers. You can bundle your homeowners, renter’s, condo, life, and car insurance policies together to save up to $700 per year. The company also offers motorcycle and boat insurance.
Overall, Nationwide offers some of the strongest bundling discounts in the United States. The company claims you can combine auto, home, and life insurance policies to save up to 25% across the board. If you just bundle home and auto insurance, you can save up to 20%. Nationwide also offers bundling discounts to customers insuring two or more vehicles.
Nationwide is one of the largest and best-rated insurance companies in the United States. It’s rarely the cheapest option in any state. However, customers often recommend Nationwide for providing strong value: you pay a little more money today for much better service. With a network of 30,000 insurance agents across the country, Nationwide may be the largest insurance employer in the insurance industry, and customers can expect strong customer service and easy quote comparison processes.
Liberty Mutual frequently ranks better than average in terms of value and customer service. They’re also one of America’s largest insurance companies.
Some of the unique advantages of Liberty Mutual include accident forgiveness, new car replacement, better car replacement, and a declining deductible fund. J.D. Power also ranked Liberty Mutual as “better than most” for its Policy Offerings, Local Agents, and Insurer Website in 2018.
One of the few drawbacks of Liberty Mutual is that policies may be slightly more expensive than some of the cheaper insurers on this list. However, by bundling your Liberty Mutual car and home insurance together, you can save hundreds of dollars per year.
Travelers claims customers who bundle home and auto insurance together can save 10% to 15%. However, Travelers also offers bundling discounts for those who combine auto and renters insurance – they claim you can save up to 5%.
Travelers also makes it easy to get a multi-policy quote online. Plus, additional discounts are available when you bundle boat, umbrella, and valuable items coverage, among other policy options.
Overall, Travelers has around a 2% market share in the auto insurance industry, putting it within the top 10 insurance companies nationwide. It’s not as large as companies like State Farm and GEICO, which have 12% to 20% market share. However, it has carved a niche for offering great car insurance and affordable bundling discounts.
The Hartford is one of the highest-rated insurance companies in America for customer satisfaction. It’s also particularly popular among AARP members: as an AARP member, you qualify for discounted insurance rates through The Hartford.
Further discounts are available for bundling. The Hartford claims you can save up to 5% on auto insurance by bundling and 20% on home, condo, and renters insurance.
The Hartford is well-rated in terms of customer satisfaction. It’s rarely the cheapest option in any state. However, customers often appreciate The Hartford for its value and strong claims satisfaction ratings. Additional discounts are also available for anti-theft devices, airbags, and eco-friendly vehicles.
Erie Insurance refers to its bundling discounts as “multi-policy” discounts. Erie isn’t available to all Americans. However, it’s generally a well-rated insurance company in states where it is available. Customers generally report high rates of claims satisfaction with Erie. Prices are also competitive with other major national insurance companies.
Erie claims their typical multi-policy discounts range from 16% to 25%, depending on your state. Erie Insurance currently serves 12 states, including Illinois, Indiana, Kentucky, Maryland, New York, North Carolina, Ohio, Pennsylvania, Tennessee, West Virginia, Wisconsin, and Washington DC.
Bundling home and auto insurance together can help you save hundreds of dollars per year. Request a multi-policy quote from one of the insurance companies listed above to save up to 30% on the cost of your home and auto insurance.