Why You Should Bundle Renters and Car Insurance

By the Mercury Team

If you’re renting a place and driving a car, chances are you’re paying for two separate insurance policies. That means two bills, two renewal dates, and possibly two different companies to deal with. It’s a lot to keep track of, but bundling makes things much easier.

Let’s break down what bundling means, how to bundle home and auto insurance for savings, the extra benefits it brings, and why Mercury Insurance is a smart choice if you’re ready to make the move.

What Does It Mean to Bundle Renters and Car Insurance?

Bundling renters and auto insurance means purchasing both policies from the same insurance company. Instead of dealing with two different insurers (one for your car and one for your apartment), you get both policies under one roof.

With an auto and renters insurance bundle, you’ll enjoy:

• One point of contact for service questions
• Simplified billing thanks to combined statements
• Easier policy management with fewer logins and fewer due dates

How Can Bundling Save Money?

The biggest reason people choose a car and renters insurance bundle is the cost savings.

When you bundle your auto and renters insurance with the same company, you’re telling your insurer, “I trust you with more of my coverage.” In return, most providers reward you with a multi-policy discount, typically between 10% and 25% off. That means you’ll pay less overall than if you bought each policy separately.

The discount usually applies to both policies, so you’ll save on both your car insurance and your renters insurance.

It’s also a win for the insurance company. Bundling helps them reduce paperwork and administrative costs, and they pass some of those savings back to you in the form of lower rates.

What Other Benefits Come with Bundling?

While saving money is the biggest draw, there are other bundling benefits that go beyond the dollar sign. These can include:

Easier Policy Management

Instead of keeping track of two different companies, two sets of logins, and two renewal dates, everything’s in one place. That means one bill, one account, and one company to call if you have a question. It’s simple, and it saves you time.

Streamlined Claims Process

Accidents and unexpected events are stressful enough, so you don’t want to add extra complications by dealing with multiple insurers. Bundling makes the claims process smoother. If a situation impacts both your car and your rental (for example, storm damage or theft), having one company handle both claims can save you time and cut down on paperwork.

Stronger Relationship with Your Insurer

Sticking with one company helps you build trust over time. Your insurer gets to know your needs better, and you may get access to more personalized service or even extra perks for being a loyal customer, like auto insurance discounts.

Does Bundling Improve Your Coverage Options?

Yes, it can. Here are some of the ways bundling can help improve your coverage options:

Customize Policies Together

When your auto and renters insurance are with the same company, it’s easier to coordinate them. You can line up coverage limits, adjust deductibles, and add endorsements without worrying about gaps. For instance, if you travel frequently and want more coverage for your belongings, insurers might offer specialized riders or endorsements at a more affordable rate when part of a bundle.

Access to Higher Coverage Limits

Many insurers also make it easier (and possibly cheaper) to raise your coverage limits when you bundle. That could mean bumping up your liability protection or getting scheduled personal property coverage for valuable items without potentially paying a big jump in premiums.

More Flexibility with Add-Ons

There’s also more flexibility to add extras like roadside assistance or umbrella liability coverage when bundling. Since the insurer already understands your full risk profile, they may offer these add-ons at a discount and make them easier to include.

What Should You Consider Before Bundling?

Bundling can be a great way to cut costs. But before you pull the trigger, you should do a little homework. Here’s what to consider:

Compare Bundle vs. Separate Policy Costs

Bundling can save you hundreds of dollars each year. However, it may not always be the best deal. In some cases, especially if one insurer has particularly low standalone rates, you might save more by keeping separate policies.

So, be sure to get a quote for a bundled policy, quotes for separate auto and renters policies, and then compare the prices side by side.

Check Coverage Details for Both Renters and Auto

Saving money only matters if you’re properly covered. Take a close look at what each policy includes, like liability limits, personal property coverage, deductibles, and so on. Bundling can sometimes give you more flexibility to adjust your limits or add protections without a big jump in cost, but don’t assume. Make sure the coverage actually matches your needs.

Review Policy Exclusions

Every policy has fine print about what’s not covered. For example, standard renters insurance usually doesn’t cover flooding, and some auto policies exclude rideshare driving. Before bundling, double-check the exclusions so you don’t end up with a surprise gap in coverage.

Why Bundle with Mercury Insurance?

Thinking about bundling with Mercury? Here are some of the reasons why you should bundle renters and car insurance with us:

• Competitive rates and discounts: We’re known for providing affordable rates without compromising quality coverage, and when you bundle, you can save even more. Our multi-policy discounts can knock hundreds of dollars off your yearly premiums while keeping all your coverage in one place.
• Helpful local agents: One of our biggest strengths is our network of local agents. Instead of feeling like just another number, you’ll have someone nearby who can walk you through your options, explain coverage in plain language, and make sure your bundle fits your life.
• Reliable protection for both home and car: For over 60 years, Mercury has built a reputation for protecting what matters most to our customers. Whether it’s your car, your rental, or both, you’ll have dependable coverage you can trust, plus the option to add extra features like roadside assistance or rideshare coverage for even more peace of mind.

Final Thoughts

Bundling renters and car insurance is one of the easiest ways to save money, simplify your coverage, and enjoy extra peace of mind. Now’s the perfect time to take a closer look at your current policies and see if you could be saving more with a bundle.

If you’re ready to bundle, Mercury makes it simple with competitive rates, friendly local agents, and dependable protection for both your car and home.

Contact us today for a fast, free quote!