Penny Gusner is a senior insurance writer and analyst at Forbes Advisor. For more than 20 years, she has been helping consumers learn how insurance laws, data, trends, and coverages affect them. Penny enjoys translating the complexities of insurance into easy-to-understand advice and tips to help consumers make the best choices for their needs. Her work has been featured in numerous major media outlets, including The Washington Post and Kiplinger’s.
Penny Gusner
Penny Gusner is a senior insurance writer and analyst at Forbes Advisor. For more than 20 years, she has been helping consumers learn how insurance laws, data, trends, and coverages affect them. Penny enjoys translating the complexities of insurance into easy-to-understand advice and tips to help consumers make the best choices for their needs. Her work has been featured in numerous major media outlets, including The Washington Post and Kiplinger’s.
Ashlee is an insurance editor, journalist and business professional with an MBA and more than 17 years of hands-on experience in both business and personal finance. She is passionate about empowering others to protect life's most important assets. When Ashlee isn't spreading insurance knowledge or solving television murder mysteries, she enjoys spending time with her family (including the furry and feathery ones) on their farm in Kentucky.
Fact Checked
Ashlee Valentine
Ashlee is an insurance editor, journalist and business professional with an MBA and more than 17 years of hands-on experience in both business and personal finance. She is passionate about empowering others to protect life's most important assets. When Ashlee isn't spreading insurance knowledge or solving television murder mysteries, she enjoys spending time with her family (including the furry and feathery ones) on their farm in Kentucky.
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations.
If you have both a home and car to insure, one way to potentially save time and money is by purchasing both your home and auto insurance with the same company.
Auto and homeowners insurance bundles can get you a decent multi-policy discount with most insurance companies. We evaluated insurers based on their bundling discounts, auto and home insurance costs, and level of complaints to determine which companies offer the best home and auto insurance bundles.
Read more
Show Summary
- Best Home and Auto Insurance Bundles
- Summary: Best Auto and Home Insurance Bundle Ratings
- Pros and Cons of Bundling Home and Auto Insurance
- Who Offers the Biggest Home and Auto Bundling Discount?
- The Cheapest Home and Auto Insurance Quotes
- What to Look for When Choosing an Insurance Company
- How to Save Money When Bundling Home and Auto Insurance
- Complaints Against Auto and Home Insurance Companies
- Methodology
- Best Home and Auto Insurance Bundles Frequently Asked Questions
- Next Up in Car Insurance
Best Home and Auto Insurance Bundles
Summary: Best Auto and Home Insurance Bundle Ratings
| Company | Forbes Advisor Rating | Average bundling discount | Auto insurance complaint level | Home insurance complaint level | LEARN MORE | ||||
|---|---|---|---|---|---|---|---|---|---|
| American Family |  |
5.0 |  |
18% | Very low | Very low | Get Quotes | Compare rates via EverQuote’s website | |
| State Farm |  |
5.0 | |
23% | Low | Very low | Get Quotes | Compare rates via EverQuote’s website | |
| Nationwide |  |
4.5 |  |
15% | Very low | Very low | Get Quotes | Compare rates via EverQuote’s website | |
| Auto-Owners |  |
4.0 |  |
10% | Low | Very low | Get Quotes | Compare rates via EverQuote’s website | |
| Erie |  |
4.0 | |
15% | High | Very low | Get Quotes | Compare rates via EverQuote’s website | |
| Farmers |  |
4.0 | |
18% | Low | Very low | Get Quotes | Compare rates via EverQuote’s website | |
| Allstate |  |
3.5 |  |
15% | Low | Very low | Get Quotes | Compare rates via EverQuote’s website | |
| Progressive |  |
3.5 | |
7% | Low | Low | Get Quotes | Compare rates via EverQuote’s website | |
| Travelers |  |
3.5 |  |
11% | Very low | Very low | Get Quotes | Compare rates via EverQuote’s website | |
| USAA |  |
3.5 | |
6% | Average | Very low | Get Quotes | Compare rates via EverQuote’s website |
Pros and Cons of Bundling Home and Auto Insurance
Bundling home and auto insurance policies with one company has advantages, but it isn’t always the best path to take. Here are factors to consider.
Pros of Bundling Home and Auto Insurance
- Save money. Receive a bundling discount (also called a multi-policy discount) for buying home and auto insurance policies with the same insurance company. The average discount is 14%, which is savings of around $466 a year, according to our analysis.
- Save time. Having only one insurance company to deal with for payments and customer service is convenient and can save you time.
- Multiple policies, one account. You can manage your bundled home and auto policies under one online account or mobile app with many insurers.
- Have a single deductible. Some companies, such as Progressive, apply one deductible to bundled home and auto policies if the damage is done to your house and car in one event. For instance, if a bad storm causes a tree to fall, damaging both your car and home, with a single deductible you’d pay one deductible for the incident instead of two separate deductibles.
Cons of Bundling Home and Auto Insurance
- Not always the best buy. You may be able to find cheaper prices for auto and home insurance policies by buying them separately from different companies. It pays off to get quotes from a few insurers.
- Not necessarily more convenient. If your car insurance company partners with a different home insurance company to give you a bundle discount, you won’t get perks like having one account. Instead, you’ll still have to deal with two companies for payments, services and claims. For example, home insurance through Geico comes from partner companies.
- Doesn’t fit your needs. If you want certain coverage types that aren’t available with a company that bundles home and auto insurance, then it’s better to stick with a company that gives you the coverage you want. For example, not all home insurance companies offer extended replacement cost for situations where the cost to rebuild your house turns out to be higher than the dwelling coverage amount listed on the policy.
Who Offers the Biggest Home and Auto Bundling Discount?
State Farm offers the biggest home and insurance bundling discount with an average savings of 23% per year.
The average auto and home insurance bundling discount is 14%, according to Forbes Advisor’s analysis of ten large insurance companies. That comes out to an average savings of $466 a year.
Average Home and Auto Bundling Discount by Company
The Cheapest Home and Auto Insurance Quotes
Auto-Owners has the cheapest car and home insurance quote for bundled coverage, according to our analysis of large insurance companies. Auto-Owners’ average annual bundled cost is $1,878 per year.
It’s wise to shop around for the best overall final price, as the rates from Auto-Owners show. Its average bundling discount is only 10% but its final total price is the lowest among the companies we evaluated.
Cheapest Home and Auto Bundle Quotes
What to Look for When Choosing an Insurance Company
Here are factors to consider when choosing an insurance company.
Does it Offer a Bundling Discount?
When shopping for car and home insurance, see if you can bundle the policies to save. Most insurance companies selling both auto and home insurance are happy if you buy both and give you a multi-policy discount.
An auto and home insurance bundling discount is typically one of the heftier discounts available.. Some companies that sell only auto insurance will partner with a company selling home insurance so you can “bundle” these policies. You still get a discount, but you lose the advantage of having one account and one insurer to keep track of.
Bundling with one company is not always the cheapest option. Compare insurance quotes to make certain the combined bundled price is better than buying separate policies from different companies.
Home and Auto Insurance Deductibles
Your deductible choices affect your car and home insurance quotes. A deductible is the amount deducted from an insurance claims check. If you choose higher deductibles, your home or auto insurer pays out less for a claim, so you get a bit of a cheaper price on your policy.
Some insurers offer a single deductible when you bundle auto and home insurance. This means you’ll have only one deductible if both your home and car are damaged in the same event.
Does the Coverage Meet Your Needs?
Bundling home and auto insurance can be convenient, but it may not give you the lowest price or meet all your needs. Evaluate both coverage and price before purchasing your policies.
If your situation requires specific home or auto coverage types that aren’t offered by companies offering the best bundling insurance deals, then keep shopping around. Bundling isn’t worthwhile if it isn’t fulfilling your needs.
Home and Auto Insurance Overall Costs
The cost of car and home insurance is critical for most insurance buyers.
To find the cheapest price, compare home and car insurance quotes with multiple insurance companies.
Ask about the final bundled home and auto cost (and any other insurance you also want to bundle, such as umbrella insurance).
Related: Auto and Renters Insurance Bundle
How to Save Money When Bundling Home and Auto Insurance
Here are some tips on how to save when bundling home and auto insurance with the same insurance company.
Get the Right Coverage
Determine your coverage needs and shop for home and auto insurance bundles that will satisfy those needs. For home insurance, work with your insurance agent to get the estimated cost to rebuild your home so you’ll know the appropriate dwelling coverage amount.
Many companies offer additional coverage types for your car and home. Before spending extra for these optional coverages, make sure you need and can afford them. Nail down what coverage is best for your house and vehicles before you start to shop around so that you can stay consistent with your choices when getting quotes.
Compare Quotes
Comparing car and home insurance quotes from at least three different companies is one of the best ways to save money. And when shopping for the best auto and home insurance bundles, check costs for both bundled and individual policies to see where you get the best deal.
Remember to get car and home insurance quotes for the same coverage and deductible limits so you’re comparing apples to apples.
Make Sure All Discounts Are in the Insurance Quotes
Compare final quotes that include all available discounts. Here are some common home and auto discounts:
- Advance quote discount. If you shop and buy your policy before your current one expires, you can get auto and home discounts with some companies.
- Anti-theft devices discount. If your car has anti-theft features, you may save on your car insurance costs. And for your home, you may get a discount for security items, such as deadbolts and a burglar alarm.
- Claims free discount. Both auto and home insurance give discounts for you being claim free for a certain amount of time, such as three years or more.
- Multi-home discount. You can get a home insurance discount if you insure more than one home with the same insurance company.
- Multi-vehicle discount. Save by insuring more than one car with your insurance company.
- New car discount. You may qualify for savings if your car is less than three years old.
- New or renovated home discount. Newly built or renovated homes often qualify for discounts because of upgraded systems.
- Pay in full discount. Paying your policy in full upfront can qualify you for a discount for your car and home insurance policies.
- Paperless discount. Choose to get your policy documents and billings electronically, and you may save on home and auto policies.
- Safety features discount. Safety features in your car, such as airbags and anti-lock brakes, can get you a discount on your auto insurance. Safety features for homes, such as smoke detectors, fire extinguishers and fire alarms may save you money on your home insurance.
Shop Regularly
Rates for home and auto insurance fluctuate. Shopping around for home and auto quotes regularly will leave you confident that you’re getting the best price possible.
When you shop for auto and home insurance quotes, review your coverage to verify it still fits your needs. For instance, if your car is older, it may be time to drop collision and comprehensive insurance.
Complaints Against Auto and Home Insurance Companies
Complaints collected nationwide against auto and home insurance companies expose problem areas for some insurers. The National Association of Insurance Commissioners calculates a complaint ratio for each company that reflects the number of complaints in relation to each insurer’s size of business.
For auto insurance, the complaint levels are mostly low for the companies we analyzed. Only Erie and USAA car insurance had complaint levels above the industry average.
Home insurance complaint levels for the companies we evaluated were all well below the national average.
Methodology
To find the best home and auto insurance bundles we evaluated each company based on these factors:
Bundling discount (40% of score): We used data from Quadrant Information Services to find the average bundling discount for each company.
Auto insurance rates (20% of score): We used data from Quadrant Information Services to find average rates from each company for good drivers. Rates are based on a 40-year-old female driver with a Toyota RAV4 and coverage of:
- $100,000 for injuries to one person, $300,000 for injuries per accident and $100,000 of property damage (known as 100/300/100).
- Uninsured motorist coverage of 100/300.
- Collision and comprehensive insurance with a $500 deductible.
Home insurance rates (20% of score): We used data from Quadrant Information Services to find average rates for each insurance company for homes with dwelling coverage of $350,000.
Complaints about auto insurance (10% of score): We used complaint data from the National Association of Insurance Commissioners. Complaints against companies are logged and monitored by each state’s department of insurance. Most auto insurance complaints center on claims, including unsatisfactory settlements, delays and denials.
Complaints about home insurance (10% of score): We used complaint data from the National Association of Insurance Commissioners. Each state’s department of insurance is in charge of logging and monitoring complaints against the companies that operate in their states. Most home insurance complaints center on claims, including unsatisfactory settlements, delays and handling of the claim.
Best Home and Auto Insurance Bundles Frequently Asked Questions
Is it worth it to bundle home and auto insurance?
You will know if it’s worth bundling your home and auto insurance once you get insurance quotes to see if it’s cheaper than buying individual policies.
The bundling discount is usually quite good, but there is no guarantee that bundling policies will be cheaper than buying individual policies from separate companies.
Why do insurance companies want you to bundle?
Insurance companies like it when you bundle auto and home insurance policies because they have more of your business. Also, people who bundle their home and auto insurance tend to stay with that company longer.
Insurance companies like customers who are loyal and continue to buy insurance from them year after year. In return, most companies that bundle homeowners and car insurance try to make it convenient and easy for policyholders to manage their policies and bills through one account.
What is homeowners insurance?
Homeowners insurance pays to repair or rebuild your house and repair or replace personal property—from clothes to furniture to electronics—due to damage from problems covered by your policy. There are a wide variety of problems covered by home insurance, including:
- Falling objects (such as a tree onto your house)
- Fire
- Lightning
- Riots
- Smoke
- Theft
- Tornadoes
- Vandalism
- Windstorm and hail
Homeowners insurance also includes liability insurance—that pays for accidental property damage or injuries you’re found responsible for—and additional living expenses when your home is inhabitable due to a covered issue. Home insurance is essential to protect your investment in your home.
What is car insurance?
Car insurance covers damage and injuries you accidentally cause others when you’re at fault in a car crash. Liability car insurance, which pays out to others when you’re liable for an accident, is required in most states.
Full coverage car insurance includes liability coverage plus coverage for damage to your vehicle. Collision and comprehensive coverage will pay for the repairs or total loss of your car from problems such as fire, theft, vandalism, damage from severe weather, floods, falling objects or striking an animal.
What insurance policies can be bundled together?
You can generally get a multi-policy discount for bundling together two or more types of insurance coverage that a company offers. Auto and home insurance bundles are the most common, but you may also bundle auto and life insurance or auto and renters insurance.
Insurance policy types you may be able to bundle, depending on your insurance company, generally include:
- Auto
- Boat
- Condo
- Home
- Life
- Motorcycle
- Renters
- RV
- Small business
- Umbrella
