Future-Proofing Your Insurance: How Bundling Adapts to Life Changes
The whole point of coverage is to protect your finances against an uncertain future. But what if it was possible for you to actually future-proof your coverage?
The single best way to do this is to bundle your policies together. For example, if you already have both car insurance and a homeowners policy, you can streamline them into an auto and home insurance bundle. One reason many love to do this is that it helps them immediately save both money and time.
However, that is only the beginning of the benefits of bundling insurance. Taking this step also gives you the flexibility and adaptability to handle major life changes. Keep reading to discover exactly what this kind of future-proofing can do for you.
The Advantages of Insurance Bundling
Are you on the fence about why you should get bundled home and auto insurance? Maybe you do not wish to make a major policy change at this time, or maybe you are just skeptical about how doing so can benefit your bottom line.
Once you understand the major benefits of bundling insurance, you will have an easier time embracing bundling. Below, you can discover more about the major benefits.
Merge and Save: The Financial Perks of Bundling
For most customers, the most compelling reason to get an auto and home insurance bundle is saving money. Exact savings may vary, but bundling can often help you save anywhere between 5–25% on your premiums. Over time, that adds up to some serious savings, which is particularly important if you are paying too much for homeowners protection.
Cut Through Complexity: Managing Multiple Policies Made Easy
The other major benefit of having bundled home and auto insurance is that you will have an easier time managing multiple policies. You will only have to deal with a single carrier for your different coverage needs. That means bundling saves you time, even as it gives drivers a lower policy premium.
The Art of Bundling for Every Stage in Life
Generally speaking, there is no bad time to bundle car and home insurance together. However, by bundling in certain ways during different stages of your life, you can maximize the benefits to yourself and your family.
How does this work, exactly? Below, you will find examples of how to most effectively bundle during key events of your life.
From Marriage to Retirement: Bundle as You Build Your Life
For many young couples, bundling makes plenty of sense very early into the marriage. You can share expenses and simplify things, making your early marriage days that much smoother.
As you approach retirement, you will have more streamlined coverage needs, usually just for yourself and your spouse. This is often when people downsize into smaller homes, one car, and so on. At this point, you can similarly adjust your bundle to meet your new needs and maximize savings in your golden years.
Growing Family, Growing Coverage: Customize as You Care
Over time, your family is likely to grow larger as you have children, move into a larger home, etc. Fortunately, bundling allows you to adapt to these major life changes, keeping everyone protected while also helping contain the costs of insuring everyone. In this way, you can protect the future for both yourself and your growing family.
Get Started on Securing Your Future
As you can tell, insurance bundling is a great idea for most people. It provides an easy way to save time and money in the short term. In the long term, it helps you future-proof your coverage, allowing you to customize the bundle to accommodate everything from a growing family to changing career and family needs.
To make the most of your bundle, you need a carrier who is invested in your future. At InsureOne, we think there is no time like today to safeguard your tomorrow. When you are ready to future-proof your insurance, start with a quote for home, auto or life. Of course, you can also pick up the phone and give us a quick call at 800-836-2240. Finally, feel free to come find an InsureOne office near you.
Insurance Bundling Frequently Asked Questions
While bundling itself is quite simple, many hesitate to do it because they still have questions. Are you one such person? In that case, rest assured we have the answers.
Below are quick and concise answers to the most frequently asked questions. After reading them, you should have a much clearer idea of whether bundling is best for your and your family’s needs.
How Much Can I Really Save With Insurance Bundling?
Many different factors affect how much you will ultimately pay on your premiums. Generally, though, customers who bundle can expect to save between 5% and 25% on each policy.
What Types of Insurance Policies Can Be Bundled Together?
Almost any two or more distinct types of policies can be bundled together. This includes coverage for cars, bikes, boats, homes, life and even RVs. When in doubt, it is best to ask your carrier about what bundles are available.
Are There Risks or Drawbacks to Bundling Insurance?
There are potential drawbacks to bundling. Your bundled coverage may be less robust than the individual policies you had before, and bundles through one carrier may be more expensive than what is offered by a competitor. It’s important to check in with your agent on a regular basis so you can adjust your bundling up and down as needed. Fortunately, you can avoid these risks by choosing a trustworthy carrier that always offers quality coverage and compares rates with competitors so you get the best deal.
Will Bundling Insurance Affect the Level of Coverage?
Bundling will negatively impact your level of coverage if you choose a new carrier that offers a less robust policy. As always, the lesson here is to check the fine print and make sure you are not sacrificing the quality of your policy by trying to save time and money.