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Nationally, it’s the best provider of home and car insurance with low average prices and a package discount of up to 20% for multi-line policies
Cheap Car And Home Insurance
If you have both auto and home insurance, you can save money by combining these coverages. But what is the best home and car insurance package out there? We at the Guides Team have analyzed the best auto insurance companies and the best home owner insurance companies on the market and want to highlight our top picks for bundled insurance.
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The Guide team is committed to providing reliable information to help you make the best possible decision to insure your vehicle. Because consumers trust us to provide objective and accurate information, we’ve created a comprehensive rating system to formulate our rankings of the best car insurance companies. We have collected data on dozens of car insurance providers to rank companies based on a wide range of ranking factors. After 800 hours of research, the end result was an overall rating for each provider, with the insurance companies scoring the most points at the top of the list.
When one insurance company covers both your home and your vehicle, you have comprehensive coverage. Companies that offer both auto and home insurance may offer discounts when customers purchase both types through the same provider. Package discounts may also apply when combining other types of insurance, such as renter’s insurance, life insurance or umbrella insurance.
Combined discounts are also called multi-policy or multi-line discounts. Almost all companies that offer multiple types of insurance offer package discounts, but some do not. Consider companies that offer discounts to make bundled coverage worth it.
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One of the most popular bundle options is to combine home and car insurance. But there are other ways to save. Insurance companies that offer multiple products often offer discounts for using two or more of the following types of coverage:
One of the benefits of combining home and car insurance is that you can save money. Package discounts usually range from 5% to 20% depending on the provider and type of policy. Companies may also offer different discounts on each type of coverage.
Another benefit of bundling coverage is that you can work with a single company. This reduces the number of people you need to talk to to resolve issues.
Combining home and car coverage also simplifies invoicing. You can pay one bill to cover both your home and car insurance bills instead of two. You can also use a mobile app to manage your bill and search for coverage approvals.
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If you pay for your home insurance through your escrow account, you can still consolidate your insurance with one company and get a discount. In this case, you pay a separate bill for the car insurance part.
Finally, some companies combine the deductibles for home and auto coverage if your car and home are damaged as part of a single insurance claim. You would therefore only have to cover one excess if, for example, a strong storm damaged the roof of your house or your car.
Just because the bundle may be cheaper doesn’t mean it will be cheaper in all cases. Also, price is not the only factor to consider. Whether it’s worth bundling depends on the car and home insurance rates you find from different companies and whether the companies meet your coverage needs.
Even if a company advertises discounts, cumulative discounts may not apply to all types of coverage in all states. You should obtain quotes from companies to see how much you would pay for combined coverage. You can get bundled quotes online, but you may also need to call a business to speak to someone who can give you pricing that fits your situation.
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There are also other discounts to consider in addition to bundling. For example, Geico offers a great discount to military members. State Farm is known for its 25% discount for good students, while Progressive rewards good drivers with discounts through its usage-based Snapshot® program. Bundling might save you 10% with one company, but with additional discounts you can save more overall with different providers.
No matter what discount you can get, the package isn’t worth it if the coverage doesn’t meet your needs. Companies can offer several add-ons to car insurance coverage, such as these:
Opting for an overall discount would not be smart if you missed out on a type of coverage that is important to you.
Some situations can also limit your options. Classic car insurance covers the vehicle up to the agreed value, not the market value, and only some companies offer it. And if you’re a high-risk driver, you may have fewer coverage options. If you prefer to work with a local agent rather than a call center, this may also limit your options.
The Best Home And Auto Insurance Bundle In 2023
The top companies that offer home and auto insurance are Nationwide, Erie Insurance, USAA, Geico, and State Farm. Compare bundle discounts from these companies below.
The package discount is just one aspect of finding the right insurance company. You also want to find a provider that offers reliable customer service and the right coverage options. In this section, we’ll take a closer look at our top five picks for the best home and auto insurance companies.
Nationwide offers affordable car and home insurance and offers policyholders a discount of up to 20% to bundle both products. Nationwide availability, customer service and a wide range of coverage options make it our pick for the best home and car insurance package.
Nationwide is the only provider on our list that has BBB accreditation, which means they are committed to resolving complaints quickly. In addition, our team surveyed nearly 7,000 car insurance customers about their experiences with car insurance providers. Nationally, it received a score of 4.1 out of 5.0 for overall customer satisfaction from 225 respondents.
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Benefits 4.1 out of 5.0 in our customer satisfaction survey Low average insurance costs Wide range of car and home cover Bundle discount of up to 20%
Our reviews team contacted Nationwide for comment on their reviews but did not receive a response.
Erie Insurance is our second choice for the best home and car insurance because it offers a generous package discount of up to 20% just like the rest of the country. Additionally, average prices from Quadrant Information Services show that Erie tends to be affordable compared to the national average.
Erie operates in 12 central and eastern states in addition to Washington, D.C. The company is known for reliable service through local agents and ranks second for overall satisfaction in our consumer survey. It might be a good idea to get a package deal from Erie if you live in Washington or one of the following states:
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You can also choose from add-ons like new car replacement, rental car coverage, or Erie Auto Plus®, which includes coverage upgrades.
While USAA only offers a discount of up to 10% on its home and auto coverage package, we’ve found that its base rates tend to be cheap on average. For example, our data shows that USAA car insurance is on average about 39% cheaper than the national average.
In addition to offering affordable auto insurance, USAA has an excellent reputation for customer service. The company scored 890 points out of 1,000 in the J.D. survey. Power 2022 U.S. Auto Claims Satisfaction Study℠ and 906 out of 1,000 in the J.D. Survey. Power 2023 U.S. Property Claims Satisfaction Survey℠.
USAA coverage is only available to military members, veterans and their immediate family members. If you qualify, it’s a good idea to get a quote on home and auto insurance from USAA.
Best Companies For Home And Auto Insurance Bundles (2023)
Benefits Averagely affordable insurance rates. Usage-based insurance available High customer service ratings Package discount of up to 10%
Geico is another of the best home and auto insurance bundling options available nationwide. While the company doesn’t disclose an exact discount for bundling, we found Geico’s auto and homeowner insurance rates to be affordable on average.
According to our rate data, Geico car insurance costs about 24% less than the national average. Our team also compared home insurance quotes and found rates of $77 per month from Geico, which was cheaper than eight other major insurers.
Benefits A++ financial strength rating from AM Best rated 4.1 out of 5.0 for customer satisfaction in our consumer survey 16 car insurance discounts available nationwide
Best Home And Auto Insurance Bundles
Our review team contacted Geico for comment on their reviews, but did not receive a response.
State Farm is the largest insurance company in the country, and many people choose to bundle their home and auto insurance coverage with the company. State Farm paid more than $78.6 billion in insurance premiums for all types of coverage in 2022, according to the National Association of Insurance Commissioners.
Like Geico, State Farm does not list a discount percentage for bundling. But we’ve found that it offers low rates on average, so bundling your home and car with State Farm may be worth it. The supplier offers an assortment