Bundling your insurance is an easy and convenient way to save money and simplify your policy management. If you're looking for both auto and home insurance, purchasing your plans from the same insurance company might be ideal for you. If you're on the fence about bundling your insurance, here are three reasons to bundle your auto and homeowners’ insurance.
What Does It Mean To Bundle Insurance?
Bundling your insurance is when you choose to purchase several policies from the same insurance company. Rather than different providers for each policy, you use one provider for all of them.
This is not to be confused with "multi-policy discount," which is a discount you may get when you have yourself, your partner, and your children on one insurance plan.
You Can Save Money
When you bundle your insurance, you can save a lot of money every year. This is the most popular reasoning for bundling your insurance. The amount of money you save depends on the insurance company, and some insurers state that you can save up to 25% in premiums when you bundle your policies.
Pay a Single Deductible
Suppose an accident, like a major earthquake or storm, damages your vehicle and home. In that case, some insurance companies will only make you pay a single deductible before the company pays it out. If your insurance isn't bundled, you would have to pay two deductibles to two different policyholders.
Simplify Your Policy Management
Working with one insurance company can help simplify your policy management. If you bundle your auto and homeowners’ insurance, you will only need one account with one insurer. Bundling will let you check all your plans, pay premiums, and make claims all from the same website or phone app. Bundling your insurance will limit how many companies you share your bank details with to set up automatic payments.
Bundling your insurance can be a way to save money and simplify your payments. When finding the best insurance company for you and your needs, it's best to compare costs, coverages, and what the insurance company provides for you. There are many more benefits to bundling than our three reasons to bundle your auto and homeowners’ insurance. However, if you're someone who could reap those benefits, we suggest contacting your policyholder.
If you're searching for affordable car insurance in Long Beach, California, with the best rates, check us out at Saferoad Insurance Services. We provide top-quality insurance.