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Jerry Data & Research
The Pros and Cons of Bundling Insurance
Bundling pros and cons range from less paperwork and dealing with a single insurer, to leaving money on the table because you didn’t shop around.
Written by Hillary Kobayashi
Edited by Amy Bobinger
Most drivers can save between 15% and 25% by bundling their
car insurance
with other policies, including homeowners insurance and life insurance. The pros of bundling insurance
In insurance terms, bundling means buying multiple insurance products from one company. For instance, if you purchase both renters insurance and auto insurance from the same insurance provider, that’s bundling.
Bundling insurance can save you money on your car insurance policy, but it also offers other benefits.
Pro: You can save on your car insurance premium
One of the primary reasons policyholders choose to bundle insurance coverage is that it gets them the
cheapest insurance rates
. Insurance bundling can earn drivers an average cost savings of 15% on their auto, home, life, and other insurance policies—and some insurance providers may offer discounts of up to 20% to drivers who purchase multiple insurance products.
To better understand how bundling affects the price of car insurance, our experts analyzed thousands of policies purchased by
Jerry
users. They found that on average, drivers save around 20% on car insurance with a multi-policy discount. Here’s what drivers pay on average for standalone car insurance policies vs. what they pay for car insurance when it’s bundled with another type of insurance: Insurance provider | Standalone car insurance | Bundled car insurance | Total savings (%) |
|---|---|---|---|
$160 | $125 | 22% | |
$142 | $106 | 25% | |
$148 | $118 | 20% | |
$108 | $86 | 20% | |
$129 | $114 | 12% | |
$118 | $100 | 15% | |
$100 | $88 | 12% |
It’s important to remember that these are average savings. The total amount you save by bundling policies may be less—or more—than the numbers provided. For a more accurate representation of your bundled discounts, request quotes from your chosen insurance provider, or compare quotes on the
Jerry
app.Are you overpaying for your car insurance?
Compare quotes and find out in 45 seconds.
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Pro: You may only have to pay a single deductible
Many companies offer a single deductible if you have multiple policies with them. For example, if a tornado damages both your home and your car, you might be allowed to use a single deductible rather than paying two separate deductibles for the damage.
This is also the case if you have more than one vehicle in an accident—you won't have to pay that deductible more than once.
Pro: You’ll have fewer accounts to manage
Working with a single insurance company does a lot to simplify your policy. With just one provider to work with, all your insurance needs will be housed on one mobile app or website under one username and password.
You’ll also only need to pay a single insurance bill each month, making it easier to budget and balance your finances.
The cons of bundling insurance
While there are lots of upsides of bundling insurance, it might not always be the cheapest option. In some cases, there might even be a better way to save on your car insurance premium.
Con: The savings might not be worth it
For some drivers, bundling their car insurance with another type of insurance means losing out on other types of discounts—like loyalty discounts—that might save them more than a bundling discount would. Others find it cheaper to purchase car insurance and other insurance policies from separate insurance providers.
While bundling often gets you some great discounts, the discounts you get from bundling aren’t always worth it. To be sure you’re getting the best price, compare
car insurance quotes
from as many providers as possible. Con: You may need non-standard insurance that can’t be bundled
If you have specialized insurance needs, like an
SR-22 insurance
filing requirement, you may not qualify for the typical discounts when bundling your insurance. While discounts may still be available to you, you’ll need to check with your provider to see if the savings from bundling your policies are worth it.Con: You may forget to shop around in the future
If you bundle your insurance, you may find yourself staying with an insurance provider that doesn’t work for you because it takes so much work to find multiple new policies. We recommend shopping for new rates at policy renewal, or every six months.
Luckily, searching for a new policy is easier than ever. Just download the
Jerry
app, plug in a few of your driver details, and you can scroll quotes from the best car insurance companies in a matter of minutes. You can also turn on automatic reshopping alerts so you’ll be notified if another provider can offer you a lower rate before your policy renews!The best companies for bundling services
Whether you’re looking to bundle your auto and home insurance policies or you’re hoping to house your auto, home, and life insurance (or maybe even more!) all in one place, we’ve got the scoop on the insurance providers you should check out.
Top providers for home/renters and auto bundles
When you’re shopping for a home/renters and auto insurance bundle, look for an insurance company that offers discounts on top of already-low rates.
Here’s how much drivers pay each month on average for bundled home/renters and auto policies with some of the nation’s top providers:
Insurance provider | Average coverage cost |
|---|---|
$207 | |
$177 | |
$138 | |
$269 | |
$180 | |
$188 | |
$153 | |
$153 | |
$164 |
Top providers for multi-policy bundling
You can also bundle your auto insurance policy with other types of insurance, including your life insurance,
renters insurance
, motorcycle insurance
, boat insurance, business insurance, umbrella insurance, pet insurance, recreational vehicle insurance, and more. But it’s important to note that not all providers offer the same insurance options. Check out your bundling options with some of the top insurers in the nation:
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How to decide if bundling is right for you
If you are wondering if bundling would be the right decision for you, ask yourself the following questions:
- Compare quotes—After comparing quotes from some of the top insurance companies, is bundling the best way for you to save on your insurance?
- Coverage and deductible—Are you getting all the coverage options that you want? Are you happy with your deductible?
- Convenience—Is bundling convenient for you? Having more than one of your insurance products with the same car insurance company could save you time and effort.
How to find the best bundled policies for a lower cost
If you’re ready to purchase a multi-policy insurance package and are looking for the cheapest rate, check out the
Jerry
app. With Jerry, you can request quotes and compare rates from dozens of different companies. You can even buy a policy right in the app. With Jerry, you can compare customized quotes that are tailored to your profile—finding the best bundling options for you.
Paying too much for a home and auto bundle?
Paying too much for a home and auto bundle?
Compare rates with Jerry to see if you can save today
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FAQ
Is insurance cheaper if you bundle?
Multi-policy discounts can save you up to 25% on your insurance premiums, but some policyholders find that it’s cheaper to buy separate policies from different insurance companies. To learn more about your options and the best rates available, shop around for quotes and compare rates from multiple providers.
Is it best to have all your insurances at one company?
Some people love the ease of having all of their insurance policies at a single company. One company means one password, one monthly bill, and, sometimes, one deductible. However, others find that having all their insurance at one company makes it overwhelming and difficult to switch providers, leading them to stay with an insurer they don’t like.
Why do insurance companies want you to bundle?
Insurance companies want you to bundle because it means more business. If you hold multiple policies with one insurance agency, even at a discounted rate, that company will be earning more money from you each month than a single policy could generate.
Meet our experts
Hillary Kobayashi
Hillary Kobayashi is an insurance writer and editor specializing in insurance and finance topics. Hillary’s mission is to use her knowledge and love of education to help car owners better understand how they can save time and money on car ownership. The articles Hillary has published for Jerry span topics from state-specific bill of sale requirements to SR-22 insurance information.
Prior to joining Jerry, Hillary spent over ten years in education at Pacific University and the University of Oregon.
Amy Bobinger
Licensed Insurance Agent — Expert Insurance Editor
Expert insurance writer and editor Amy Bobinger specializes in car repair, car maintenance, and car insurance. Amy is passionate about creating content that helps consumers navigate challenges related to car ownership and achieve financial success in areas relating to cars.
Amy has over 10 years of writing and editing experience. After several years as a freelance writer, Amy spent four years as an editing fellow at WikiHow, where she co-authored over 600 articles on topics including car maintenance and home ownership. Since joining Jerry’s editorial team in 2022, Amy has edited over 2,500 articles on car insurance, state driving laws, and car repair and maintenance.
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