The package discount for travelers allows you to save up to 22 percent on your premium, 10 percent on your car insurance and 12 percent on your home policy. Receive competitive rates and personalized discounts by switching to NJM. State Farm offers the highest discount on housing and insurance packages, with an average savings of 23% per year. State Farm offers the highest discount on housing and insurance packages, with an average savings of 23% per year, according to our analysis.
USAA, on the other hand, offers the lowest package discount, allowing its customers to save 6% per year on average. Insurers can offer a variety of discounts for home and auto insurance, including discounts for new homes, discounts for first-time customers, and discounts for safe drivers. Some companies that only sell auto insurance partner with a company that sells home insurance so that you can “bundle” these policies. Combining your home and car insurance doesn't guarantee that you'll save a substantial amount of money.
Here are some tips on how to save by combining home insurance and car insurance with the same insurance company. We evaluate large home and auto insurance companies based on their package discounts, the costs of auto and home insurance, and the level of complaints. Many insurers reward customers who purchase both policies at a multi-policy discount or “per package”, which can reduce insurance costs. Auto and home insurance packages are the most common, but you can also combine auto and life insurance or auto and renters insurance.
Combining home insurance and car insurance means buying both types of coverage from the same insurance company. Affordable home insurance and average auto insurance costs are made relatively cheap with the package discount. If you have to insure both a home and a car, one way to save time and money is to buy your home and car insurance with the same company. Car owners insurance has a low level of complaints against it, in addition to competitive auto insurance costs and fairly good coverage options for auto and home policies.
In exchange, most companies that bundle insurance for homeowners and cars try to make it easier and easier for policyholders to manage their policies and bills through a single account. Looking up prices can help you find the best home insurance and car insurance package for you, based not only on discounts from various policies or packages, but also on other factors, such as the price of your home, where you live, the car you drive, and your credit and driving history. It's important to remember that the best discount in percentage terms doesn't always mean the best savings in dollars if you're looking for the lowest total price for auto and home insurance. We examined each insurer's cumulative discounts to determine which one offered the highest percentage of savings to customers who purchased a home and auto insurance policy through the same insurer.
If you choose to insure both your vehicle and your property insurance, whether it's home, condo, or renters coverage with the same insurance company, you may be eligible for a multi-policy discount, sometimes referred to as a multi-line or package discount.