There can be many benefits to bundling your insurance coverage. First and foremost, the majority of people who choose to bundle will see a decrease in payment, resulting in monthly savings that go back in their pocket. With Progressive, for instance, most people will be eligible for a discount when they bundle at least two policies, as long as they aren’t for the same product. This is known as a multi-policy discount.
Exact savings will depend on what you bundle and with whom, so be sure to enlist the help of an experienced agent to shop around on your behalf if you decide to pursue this option.
The most obvious choice for bundling insurance options is to start by bundling your home insurance and auto insurance since these are necessities for a lot of folks, but that may not be the right option for you. Not a homeowner? Not a problem–you can also bundle auto and renters insurance. Don’t have a car? No need to worry, condo and motorcycle insurance work together too.
On top of the discounts available, there is also the ease of having all your insurance under one roof. That means that you don’t have to spend as much time or energy checking up and paying bills to a multitude of companies. Your time is valuable, and bundling can mean fewer accounts and fewer insurance hassles to worry about.