Does Bundling Home and Auto Insurance Actually Save You Money?

By the Mercury Team

Bundling means combining your home and auto insurance policies with the same provider. It’s like getting a combo deal — packaging your coverage together could unlock discounts and make managing your insurance much easier. But the big question remains: Does bundling actually save you money? In this blog, we’ll explore how bundling works, the potential savings you could see, and whether it’s the right choice for you.

Understanding Bundled Insurance Discounts

Companies offer these home and auto insurance discounts because they value customer loyalty. When you choose to bundle, you’re showing a commitment to one provider, and they reward you for that. Plus, bundling makes things easier for both you and the insurance company — less paperwork, fewer bills, and streamlined customer service.

Typically, when you bundle your home and auto insurance, you can expect discounts ranging from 10% to 25% on your premiums. The exact savings will depend on your insurance provider, your state, and the specifics of your coverage. For example, if you’re paying $1,000 annually for auto insurance and $1,200 for home insurance, bundling them could potentially save you anywhere from $220 to $550 per year.

Is It Better to Bundle Home and Auto Insurance?

When it comes to saving money on insurance, bundled insurance is one of the smartest moves you can make. It simplifies your life by combining your coverage with a single company and offers direct cost savings that can add up over time.

For example, if you choose to bundle your home and auto insurance with Mercury, you could receive a discount of up to 14.7% on your homeowners policy. Imagine your annual homeowner insurance premium is $1,500. By bundling, you could save over $200 each year.

Additional Perks of Bundling Home and Auto Insurance

Sure, bundling your home and auto insurance can save money, but there are several other perks that make it an excellent choice.

• Convenience: Managing your insurance becomes a breeze when you have all your policies with one provider. You can handle everything from payments to policy updates in one place, saving you time and hassle.
• Simplified claim process and streamlined customer service: If you ever need to file a claim, dealing with just one company makes the process smoother and faster. Plus, you’ll get the help you need without bouncing between different insurers.
• Potential for eligibility for other insurance products or enhanced coverage: Bundling can open the door to even more benefits. For example, you might become eligible for an umbrella policy, which provides extra liability coverage beyond what your home and auto policies offer. You could also qualify for enhanced coverage options, such as higher limits on your personal property or lower deductibles on certain claims.

Find the Best Car and Homeowners Insurance Bundle for You

Before purchasing a bundle, consider whether this approach is the right fit for your needs.

Evaluate Your Current Coverage

First, take a good look at your current insurance. Are your home and auto policies doing the job, or are there some gaps you need to fill? If bundling can help you enhance your coverage — like offering higher limits or additional protections — then it might be a good choice. But if you’re already happy with your coverage, you’ll want to consider if bundling adds real value for you.

Consider Potential Savings

While bundling typically offers discounts, the amount can vary between providers. It’s worth comparing quotes from different companies to see who offers the best deal. Keep in mind that the lowest price isn’t always the best deal. You want to find a sweet spot where you’re saving money but also getting solid coverage.

Think About Overall Customer Service Experience

When you bundle, you’ll be working with one company for all your insurance needs, so make sure to choose one that’s known for great customer service and handling claims smoothly. You want a provider who’s got your back, especially when things go wrong.

Conclusion

Is it better to bundle home and auto insurance? In many cases, the answer is a resounding yes. It’s a smart, hassle-free way to protect your home and vehicle, all while saving some money.

If you’re in the market for cheap auto insurance or homeowners insurance that doesn’t compromise on quality, exploring bundling options could be your best move. We encourage you to take the next step by talking with a Mercury agent. They can provide personalized information and help you find the best bundle to suit your needs, ensuring you get the most value for your money.

Contact us today for a fast, free quote!