![]() Other cases where bundling might not be cheaper: Collector vehicles and high-value homes. In some cases insurers will offer competitive rates for car insurance but not homeowners insurance. “An example might be a family with young drivers and the home insurance company may not be competitive with auto insurance for younger drivers in the household.” “This happens about half the time when we are quoting a family,” he says. He says lower rates can potentially be found by using two different insurers in certain circumstances. Should You Bundle Home and Auto Insurance?īundling insurance policies can save you money, but that doesn’t mean you can’t find a better deal.Įspenschied recommends getting quotes from a few insurers to get a home and auto insurance bundle comparison. Metromile offers pay-per-mile insurance, where pricing is based on how much you drive. You can bundle auto insurance from Metromile with Hippo home insurance and get a discount of up to 15%. Metromile and Hippo have started offering bundling between the two companies. People who have more policies with one insurer are less likely to switch companies, he observes. “The reason insurance companies are willing to give additional discounts is the better overall retention of business,” says John Espenschied, owner of Insurance Brokers Group in Missouri. Similarly, you should comparison shop if you’re bundling policies, so you get the lowest total price for the policies you’re bundling. That’s why comparison shopping can save you a lot of money. Benefits of Bundling Home and Auto InsuranceĪuto insurance quotes can vary greatly depending on the company.
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