Do You Save Money By Bundling Insurance?

After I was involved in a large auto accident a few years ago, I realized that I was about to become innately familiar with the claims process. Sure enough, within a few months I started to receive paperwork regarding my accident, and it was really interesting to see how my insurance company handled things. I was able to save a tremendous amount of money by talking with agents about covered and non-covered claims, and it really opened up my eyes about the entire insurance coverage process. Check out this blog for great tips on saving money, living better, and receiving the coverage you need.

Do You Save Money By Bundling Insurance?

27 October 2017
 Categories: Insurance, Blog

Most insurance companies offer more than one type of insurance. More often than not, these insurance policies are designed to cater to your wide range of insurance needs too. Indeed, it makes sense to bundle insurance or to buy more than one insurance policy to a single provider. Availing for insurance gets easier because you have built your trust to your provider and vice versa. However, do you save money by bundling insurance?

Best Bundles

The key to saving a significant amount of money for bundling insurance is to get the best bundle. Ask your provider about insurance bundling. Among the common and probably one the best insurance bundles is auto insurance and home insurance. On the average, policyholders can save a few hundred dollars when they bundle these two insurance types. When you combine three of the largest insurance premiums: home, life, and auto insurance, you can save at least $3000 to as much as $5000 per year. Always ask your provider for all potential insurance discounts not just bundled accounts so that you can compare the best deals and avail for the best bundles.


In bundling insurance, you also increase your chances for leveraging. If you already have an existing insurance bundle to a single provider, you can have leverage or negotiating power once you decide to get another one. For example, if you already have life, home, and auto insurance, you can leverage to get discounts in premium should you decide to get business insurance in the future.

Strategic Payments

You can save even more money by bundling insurance policies if you'll be strategic about your payments. For example, if you'll pay a lump sum for your auto insurance, you increase the likelihood of getting more discounts in paying your home insurance. Aim to pay for at least two lump sum amounts for the lowest-cost policy that you have in order to get discounts and rebates from your provider.

Yes, you can save money by bundling insurance but there's also a limit to it. Build trust and confidence but resist loyalty when it comes to shopping for insurance. Because of loyalty to this single insurance provider, you might miss great deals and savings as offered by other insurance policy. You should also be reminded that this is your hard-earned money we're talking about. You wouldn't want to put all your eggs in one basket. Like your investments, you aim for diversification to minimize risks. The same also goes for choosing insurance providers.

Check out a website like for more information and assistance.