How Insurance Bundling Helps Families Save 

What if your family could save money each month with just the click of a button? 

Chances are you have multiple kinds of insurance, including policies designed to protect your car and your home. By getting these plans through the same carrier, you can begin insurance bundling. This is arguably the simplest way to save money on monthly payments, but far too many families are missing out because they do not understand how bundles work. 

Just how does a multi-policy discount work? How easy is it to get a home and auto bundle, and how does this translate to immediate family insurance savings? In this guide, you will discover the answers to these questions and so much more, all of which can help you save money on insurance every single month. 

What Bundling Insurance Really Means 

Insurance bundling is relatively straightforward. It simply involves you getting more than one type of policy from the same carrier. For example, if you currently have policies from different providers, you can combine car and home insurance into a bundle from the same carrier. 

When bundling insurance policies like this, you can instantly save money (for example, by saving on homeowners’ insurance). This is because carriers want customers to rely on them for all their coverage needs and will offer special discounts to incentivize bundling. 

How Multi-Policy Discounts Work 

All carriers offer special discounts for things like safe driving and even keeping grades up. When you bundle, the carrier will offer a multi-policy discount. While there is no guarantee that you will save anything at all (this is why it is always important to carefully review the details of each policy), most who bundle save anywhere between 10%–20%, allowing you to maximize savings with multi-policy insurance bundles. 

Why Bundling Helps Families Save More 

Bundling policies primarily helps families save money because the aforementioned discount goes into effect right away. This immediately lowers the cost of your monthly premium, and you can stick that money into savings or even use it toward future investments (for example, saving for a college fund). 

In addition to insurance discounts helping you save money each month, they can also save you a resource just as valuable: time. That is because streamlining your family insurance plans results in simplified payments, fewer renewal dates, and less overall stress. 

Simplified Payments and Fewer Renewal Dates 

On top of the family insurance savings, bundling will save you time. When you only have to deal with one carrier rather than two or more, this simplifies making monthly payments. And having a bundled policy means you will have fewer renewal dates to worry about than if you had to juggle the paperwork for multiple carriers. 

Added Perks and Loyalty Discounts 

Insurance bundling may help you further save money by helping you to qualify for loyalty discounts. There are other perks you may qualify for, outlined below. 

Policies That Can Be Bundled Together 

Part of why insurance bundling is so popular is that many people rely on more than one policy to keep their investments safe. With a home and auto bundle, for example, you can condense two of the most important policies together in a way that will help you save both time and money. 

One of the most popular choices for InsureOne customers is to combine car and home insurance. But what are the different kinds of policies that can be bundled together? Below, you will find more information about different possible combinations. 

Auto, Home, Renters, and Life Insurance Options 

While the possible policy combinations can vary based on carrier, you can typically bundle automobile, homeowners, renters, and condo policies. Many providers also have the option to add boat, motorcycle, and RV policies. You can typically bundle life or umbrella policies as well, giving you plenty of options to help your family save by consolidating all of your coverage needs through a single carrier. 

When Bundling Makes the Most Sense for Families 

Bundling is the most reliable way to save time and money on your different policies. But is it the best option for your family insurance plan? In many cases, that depends on your exact situation. 

For example, it is a great choice if you have a teen driver because insurance discounts can help to offset your increased premiums. Beyond providing more affordable insurance, bundling is also an excellent option for anyone who has gotten frustrated with the task of managing multiple policies through multiple carriers. 

Why Families With Teen Drivers Benefit Most 

Nobody is more expensive to insure than a teen driver. Adding your son or daughter to the family insurance plan is going to increase the cost of your monthly premium significantly. When you bundle, though, you can help to drive that cost down, giving your family more money to save or invest at the end of each month. 

When a Single Carrier Simplifies Coverage 

For most families, gaining more affordable insurance is reason enough to bundle their policies together. However, another incentive is that bundling simplifies every aspect of managing policies: you will only have to make payments or calls to a single carrier, and you will ultimately receive far less paperwork. As with the financial savings, all of the time this saves you will really add up by the end of the year. 

How To Compare Bundled vs. Standalone Plans 

First, you should get quotes from multiple carriers for the same type of coverage that you currently have. Be sure to compare the premium cost before the discount to make sure you are satisfied with what you would be paying. After that, you can evaluate potential new policies side-by-side with your old policies to make sure you are getting all the protection you need. 

Be sure to check the fine print, including how long the discount you receive is supposed to last. Otherwise, the last thing you should do is research the reputation of the carrier. When it comes to protecting you and your family, you should always go with a reliable provider such as InsureOne, who can help you switch providers without losing coverage. 

Bundle Your Policies and Save with InsureOne 

Now you know all about the benefits of insurance bundling. This includes how it can help your family save money each month, all while saving you time. That leaves just one question: do you know which carrier you can trust for all your bundling needs? 

Here at InsureOne, we specialize in protecting everyday people just like yourself. When you are ready to give yourself the most top-tier protection, get a quote online. You can also pick up the phone and give us a quick call at 800-836-2240. Finally, feel free to find an InsureOne office near you. 

FAQs 

Does Bundling Always Save Money? 

Bundling is not guaranteed to save you money. In some cases, you may be able to get a better overall price by getting certain policies through different carriers. Most of the time, though, bundles help you save at least 10% each month, all while streamlining your coverage through a single provider. 

What If My Policies Are From Different Companies? 

You will need to cancel at least one policy to get multiple plans through the same provider. When doing so, it is always important to make sure that the new policies cover everything (ideally, more than everything) that the old policies covered. 

Can Renters Bundle Insurance Too? 

You can bundle renters insurance with other policies through most providers, including InsureOne. 

Does Bundling Affect My Coverage Limits? 

Bundling does not directly affect your coverage limits. You can set the limits to whatever you want when you bundle, including the same ones you had on your original policies. 

How Often Should I Review My Bundled Policies? 

At a minimum, you should review all of your insurance (including bundles) each year. You can always get free quotes from carriers like InsureOne. Should you find the coverage you need at a better price, you can switch or bundle plans at any time.