We analyzed rates from some of the leading car and homeowners insurance companies to find the best bundles on both types of insurance. Based on the average rates shown above, Erie, Nationwide, and USAA have some of the lowest overall home and car insurance rates.

Most insurance companies claim that their bundling discount can save policyholders “up to” a certain percentage—but researchers at Forbes found that in most cases, the actual average is a little lower:

Insurance company	Average bundling discount
Allstate	15%
Erie	15%
Nationwide	15%
State Farm	23%
Travelers	11%
USAA	6%

Expert Tip Don’t own a home? Bundling car and renters insurance saves an average of 7% on both policies.

Does bundling really save you money?

Let's say you're paying $1,356 for a full coverage car insurance policy from GEICO, one of the cheapest insurers for auto coverage. When you compare homeowners insurance quotes, the cheapest you find is from Allstate, at just $1,708 per year.

But if you switched to Nationwide at $1,712 per year for auto and $1,729 for home insurance, the average 15% bundling discount could bring your annual insurance costs down from $3,244 per year with separate insurance companies to just $2,926 per year!

Check our math

How to get bundled quotes for home and auto insurance

Shopping for home and auto insurance at the same time might feel intimidating, but most insurance agencies make it fairly easy.

If you already have an insurer you like: Talk to your agent

If you’re happy with your home or auto insurance coverage and want to switch your other policy to the same insurer, contact your insurance agency to ask about bundling your policies.

If you’re ready to switch companies: Work with a broker

If you want to find a new insurer for both your car and homeowners insurance policies, an independent insurance broker like Jerry can help you find free quotes at no added cost. You can compare quotes in the app, adjust your coverage limits and deductibles, and explore additional coverage options.

Allstate: Biggest potential bundling discount

Potential discount: Up to 25%

Average discount: 15%

AM Best rating: A+ (Superior)

Jerry’s rating: 4.2/5 stars

The highlights: Available nationwide, stellar customer service ratings, user-friendly mobile app

The trouble spots: Higher average rates than other providers

Allstate advertises the biggest bundling discount of any major insurance company and ranks higher in customer satisfaction than most insurers. They’ve also got one of the most user-friendly mobile apps in the business, making it easy to manage multiple policies from your phone. Allstate offers car and home insurance policies in all 50 states and the District of Columbia.

Erie: Best regional company

Potential discount: Up to 20%

Average discount: 15%

AM Best rating: A+ (Superior)

Jerry’s rating: N/A

The highlights: Great rates on both home and auto, high customer satisfaction ratings

The trouble spots: Only available in Illinois, Indiana, Kentucky, Maryland, New York, North Carolina, Pennsylvania, Tennessee, Virginia, West Virginia, Wisconsin, and the District of Columbia.

While major national insurers tend to advertise most loudly, many homeowners and drivers find better rates with a smaller regional provider—and Erie Insurance is one of the best options. Erie sells home and car insurance policies to customers in Illinois, Indiana, Kentucky, Maryland, New York, North Carolina, Pennsylvania, Tennessee, Virginia, West Virginia, Wisconsin, and the District of Columbia.

Nationwide: Best for low rates on home and auto

Potential discount: Up to 20%

Average discount: 15%

AM Best rating: A+ (Superior)

Jerry’s rating: 4.3/5 stars

The highlights: Lower than average overall rates, special coverages and benefits, lots of insurance discounts

The trouble spots: Not available in Alaska, Florida, Louisiana, Massachusetts, New Jersey, or New Mexico

Nationwide hits the sweet spot with lower-than-average rates on both home and auto insurance along with a generous bundling discount. They also offer some non-standard options, like credit card coverage and identity theft protection. Despite the name, though, you can’t find a Nationwide home and auto bundle in every U.S. state. If you’re in Alaska, Florida, Louisiana, Massachusetts, New Jersey, or New Mexico, you’ll need to look for a different insurer.

Travelers: Best for coverage options

Potential discount: Up to 12%

Average discount: 11%

AM Best rating: A++ (Superior)

Jerry’s rating: 4.6/5 stars

The highlights: Discounts available for eco-friendly homes, tons of add-on endorsement options

The trouble spots: No coverage for manufactured or mobile homes

Eco-conscious homeowners with safe driving habits may find the most robust home and auto bundles with Travelers, which offers a bundling discount of up to 12% on home and 10% on auto. Green Home coverage and contents replacement cost coverage can provide huge savings to customers in the event of a covered loss—but the discount is smaller than what you might find with other providers.

State Farm: Biggest average discount

Potential discount: Up to $1,127

Average discount: 15%

AM Best rating: A++ (Superior)

Jerry’s rating: 4/5 stars

The highlights: Biggest average discount, tons of home insurance coverage options, low overall rates

The trouble spots: Missing key auto coverage, can only purchase a bundle through a State Farm insurance agent

With low rates on home and auto, robust coverage for homeowners, and the nation’s biggest share of the insurance market, State Farm is a strong option for home and car insurance quotes. It’s easy to build a robust home insurance policy with State Farm, but their car insurance offerings are less comprehensive—for instance, you won’t be able to buy gap insurance if you’ve just purchased a new car.

USAA: Best for military families

Potential discount: Up to 10%

Average discount: 6%

AM Best rating: A++ (Superior)

Jerry’s rating: 4/5

The highlights: Lowest rates of any major insurer and widely available

The trouble spots: Smaller discount, only military members and families are eligible

Only a small percentage of the population can get home and auto insurance quotes through USAA. But for those who can—active duty military members, veterans, and their families—a modest bundling discount combined with the lowest insurance rates of any major insurer make it a serious contender for the best bundle.

When not to bundle

Bundling home and car insurance can lower your overall costs and simplify your policy maintenance—but it’s not always the right move. Bundling home and auto insurance might be the wrong move if:

You’ve already got a great rate…from a company that only offers one type of insurance: Not every company offers both home and auto insurance products. If you’re already getting a cheap rate on auto coverage from an insurer that doesn’t offer home insurance, switching to a bundled policy may not save you money.

You have specialized insurance needs: If you have an SR-22 insurance filing requirement based on your driving record, you may not be eligible for bundling discounts. The same applies to high-risk homeowners insurance policies.

You’re benefiting from loyalty discounts: Been with your current insurer for 10 years? Losing your loyal customer discount could offset any benefit you might get from switching insurance companies to bundle.

You can’t find a big enough discount: Bottom line—as great as multi-policy discounts are, some people find the cheapest rates by insuring their car and home with separate companies.

Methodology

Our editors researched publicly available data on the average cost of home and auto insurance from leading car insurance companies including Allstate, Erie Insurance, Nationwide, Travelers, State Farm, and USAA. To provide consistent data, we focused on quotes for full coverage auto insurance and $350K in dwelling coverage (or the closest equivalent). We also analyzed AM Best financial strength ratings as well as insurance company ratings based on

Jerry customer reviews

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