Multi-policy discount: one of the biggest and best discounts given by insurance companies. If you own a home and a car, bundling the insurance package is a sure way to save money. The savings are big because insurance companies want you to purchase multiple policies with the same carrier.
Let’s talk a little bit more about the discounts that come along with multi-policy insurance packages.
The standard multi-policy bundle is auto and home insurance under the same company. The home policy refers to both renters, and home owners. However, the home policy has a more significant saving on your auto policy. Depending on your insurance carrier, you can save between 15%-25%. The discount is applied to both the home and auto policy if insured under the same carrier.
Some insurance carriers allow boat insurance to be combined in the multi-policy insurance. Along with RV insurance, if bundled under auto and home. It’s important to do your research and find what companies will offer more bundling options.
If you are currently with a provider that doesn’t offer multi-policy discount, try looking for a company that will allow you to bundle and switch your insurance. If you need some help looking, here are 6 insurance companies that offer you multi-policy discount:
Liberty Mutual – Liberty Mutual claims that you can save money on a multi-policy discount on their already competitive rates.
Allstate – Get up to 10% off auto and 25% off home premiums. If you own or rent a condo, you can save, too. Allstate also offer life insurance policy you can bundle with auto and home.
GEICO – Home owner and auto insurance bundle available. If you don’t own a home, GEICO offers renters insurance that you can bundle with your auto. The multi-vehicle bundles you can expect are: car + car, car + motorcycle, car + boat, car + RV.
Progressive – You have the option of bundling auto, home, condo or renters insurance. In addition to home and auto insurance, you can also bundle RV and boat, motorcycle and renters, and more. Any two or more products can be bundled for a discount.
Travelers – When you bundle you car and home, save up to 10%. For home owners, savings up to 15% on your home insurance when you bundle with car insurance. For renters, saving up to 5% when bundled with auto.
StateFarm – Combine your purchase of home and car policies. Save up to $854. Home, condo, and apartment bundling available.
Why make your life more difficult than it needs to be? Streamlining all of your policies under one carrier can make figuring out your bills and filing a claim much easier and faster. Not only that, but filing your policies under one carrier is much cheaper than spreading them out over different companies. It’s more practical to have your policies in one place. Plus, insurance companies want more of your money, so they are willing to give you bigger discounts in order to get it. In the end, the multi-bundle discounts can’t be beat.
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