You’ve probably heard of insurance bundles, but if you’ve never done that before you may not know much about the subject. An insurance bundle is a way to cut down on insurance costs by bundling together certain types of coverage. According to J.D. Power, about 65% of homeowners choose to save on premiums by taking advantage of carrier discounts such as home and auto bundles. Let’s look at some common questions about bundling your home and auto insurance plans.

How Do I Bundle?

You can bundle insurance coverage if you need two different types of coverage that are being provided by the same insurance company. A common type of bundle is home and auto. However, there can also be other types of bundles as well such as renter’s insurance and auto insurance. To qualify for a bundle, you would need to contact your insurance company and ask them if they offer bundles and if you qualify.

Why Should I Bundle?

One of the most common reasons to bundle your insurance is for convenience. It makes sense to have one payment instead of two or three. Another good reason is that most insurance companies will offer you a significant discount for bundling. You can really lower your premiums across the board when you bundle. To know exactly how much you can save by bundling your home and auto insurance plans, you'll need to talk to your insurance company.

Is Bundling Worth It?

Whether bundling will be cost-effective for you depends on what types of coverage you have and what factors are currently affecting your premiums. If, for instance, you have a teen driver in your home, this can affect auto insurance premiums. Having a bundled home insurance policy could help to offset this bigger insurance premium. The same is true for home insurance. If you have very expensive home insurance, you might be able to get a much-needed discount by adding vehicles to your plan.

This is the essential information you'll need if you're thinking about bundling your insurance. Your insurance agent can guide you and help you choose the best bundle for your needs. If you would like to learn more about bundling coverage, or our auto insurance plans, please contact The Insurance Man today. We are here for your insurance needs.