Best Multi-Policy Insurance Companies: Home, Auto, And Farm

There are a number of insurance companies that offer home, auto and farm insurance. Here are some of the best ones:

- State Farm: This company offers low overall rates, great customer service and a large selection of additional discounts. It also has the highest average discount for bundling home and auto insurance.

- USAA: This company offers cheap rates for military members, veterans and their families. It also has a low level of complaints.

- Nationwide: This company offers low-cost auto and home insurance rates, as well as a good bundling discount. It also has no banned dog list for homeowners insurance.

- Erie: This company has competitive rates and superior dwelling coverage options. It also has a low level of complaints.

- Allstate: This company has plenty of unique coverage add-on options and a large selection of additional discounts.

- American Family: This company offers bundling discounts of up to 23%. It also has strong customer service and few consumer complaints.

- Amica: This company has excellent customer satisfaction and low consumer complaints. It also offers policies that can return up to 20% of your annual premium in dividends.

- Auto-Owners: This company sells home and auto insurance through local agents and has a low level of complaints. It also offers extended replacement cost coverage.

Discounts for bundling home and auto insurance

The amount of the discount varies by company, but typical bundling discounts hover around 20%. Some companies offer a flat discount rate, while others offer a percentage. For example, State Farm offers a bundling discount of up to $1,273 per year, while Allstate offers a bundling discount of up to 25%.

In addition to the financial benefits, bundling your home and auto insurance can also simplify your policy management. You will likely be able to manage multiple insurance products in a single online account and via the same mobile app. You might also work with a single agent.

It's important to note that bundling your home and auto insurance is not always the best option. In some cases, you may find cheaper rates by purchasing your home and auto insurance from separate companies. It's important to compare rates and consider your specific needs when deciding whether to bundle your insurance policies.

Companies that offer the best bundles

When it comes to insurance, it's important to find a company that offers a good bundle deal and suits your individual needs. Here are some of the companies that offer the best bundles for home, auto and farm insurance:

State Farm

State Farm is a popular choice for insurance, offering low overall rates, great customer service and a large array of additional discounts. They also have the highest average discount for bundling home and auto insurance. They offer unique discounts for young drivers, as well as add-ons like identity theft protection and roof replacement. State Farm has availability in 47 states for home and auto insurance, excluding California, Massachusetts and Rhode Island.

USAA

USAA is a great option for military members, veterans and their families, offering affordable policies and excellent customer service. They also have many additional discounts tailored to military members and unique coverage options like cyber insurance. USAA is available in all 50 states but only for retired or active military members and their families.

Nationwide

Nationwide offers attractive discounts on top of their bundling services, such as their usage-based program, SmartRide®, which can save up to 40% for good driving. Their pay-per-mile program, SmartMiles, is perfect for senior drivers or retirees who don't drive often. Nationwide home and auto insurance is available in every state and territory except Alaska, Florida, Hawaii, Louisiana, Massachusetts, New Jersey and New Mexico.

Erie Insurance

Erie Insurance offers the most affordable home and auto insurance bundle and has excellent customer service. They also have unique add-on coverages, such as new car replacement. However, they are limited to only 12 states.

Allstate

Allstate has plenty of unique coverage add-on options, such as vehicle service contracts and yard and garden equipment coverages. They also offer a large selection of additional discounts that can save you up to 40%. Allstate is available across all 50 states.

Liberty Mutual

Liberty Mutual has been in the insurance business for over 100 years and offers a wide range of insurance products, including auto, home, renters, RV and boat insurance. They also provide a wide selection of discounts to help you save on your insurance costs.

Companies that offer the cheapest bundles

When it comes to insurance, bundling your home and auto coverage can often save you money and simplify your policy management. Here are some companies that offer the cheapest bundles:

State Farm

State Farm is the largest property and casualty insurer by market share and offers a remarkable bundling discount of up to $1,273 annually. It serves almost all states in the US and has generally high scores for customer and claims satisfaction. State Farm is also our top pick for the best overall bundle, with cheap rates of around $266 per month to bundle your insurance.

USAA

USAA is our top-ranking insurer for home and auto insurance bundles, offering a 10% bundling discount. It is also our No. 1 pick for both homeowners and car insurance. USAA caters to members of the military, veterans, and their families, and it is the cheapest among our top-ranking car insurers.

Auto-Owners

Auto-Owners has the cheapest car and home insurance quote for bundled coverage, with an average annual bundled cost of $1,878. It also has a low level of complaints about its auto and home insurance and offers competitive home and auto insurance rates.

Erie Insurance

Erie Insurance is the cheapest home and auto insurance bundling company, with an average rate of $3,473 yearly. Erie offers low costs and great customer service, in addition to unique add-on coverages such as new car replacement. However, it is only available in 12 states.

Nationwide

Nationwide is a good option for those seeking a low-cost bundle, with a bundling discount of up to 20%. It offers accident forgiveness, new car replacement, and vanishing deductible options for car insurance, as well as extended coverage for homeowners insurance. However, it is not available in Alaska, Florida, Hawaii, Louisiana, Massachusetts, New Jersey, or New Mexico.

Pros and cons of bundling insurance

Bundling insurance is when you buy more than one policy from a single insurance company. The most common types of insurance to bundle are home and auto insurance, but RV or boat coverage can be bundled with renters insurance or an umbrella policy, and motorcycle and homeowners insurance can also be bundled.

Pros of bundling insurance

The primary reason to bundle insurance is to save money. Getting multiple policies with the same insurer nearly always results in a discount. Multi-policy discounts average 18%, which could mean savings of $900 on an annual insurance expenditure of $5000.

There's also the convenience of dealing with just one insurer. You have a single company to deal with when making a payment, using online services, or asking questions. You'll only need to download and learn to use one app, and you'll only need to set up automatic payments with one company.

Cons of bundling insurance

Insurers tend to raise premiums over time, which diminishes the value of the initial discount. They count on the fact that comparison shopping takes time and effort, so most people simply renew their policies rather than unbundle them. Unless you comparison shop every year, you could end up paying more than necessary.

Some insurers start with a higher premium when offering a discount, so the premium you end up with may not result in true savings. It's important to shop around and compare the costs of policies from different providers before deciding to bundle.

It's also worth noting that bundling might not always be the most convenient option. If your car insurance company doesn't sell home insurance and partners with a different company, you'll still get a bundle discount, but you'll have to deal with two companies for payments, services, and claims.

How to find the best bundle

Finding the best bundle for home, auto, and farm insurance requires a bit of research and rate comparison. Here are the steps you can follow:

• Determine Your Coverage Needs: Evaluate the coverage limits and types you want for both your auto and home insurance policies. Consider factors such as your financial situation, vehicle details, location, and driving habits for auto insurance. For home insurance, research the cost of repairing, rebuilding, and replacing your home and possessions.
• Understand Average Costs: Know the average costs of home and auto insurance before bundling. This will help you assess whether you're getting a good deal when comparing quotes.
• Research Company Reputations: Look into customer reviews and ratings from reputable organizations like J.D. Power, A.M. Best, and the National Association of Insurance Commissioners (NAIC). This will give you an idea of customer satisfaction and the company's reputation in handling claims, billing, and customer service.
• Compare Multiple Providers: Get quotes from multiple insurance providers and compare their rates, coverage options, and discounts offered. Consider using online tools, captive agents, independent insurance brokers, and comparison sites to gather quotes.
• Take Advantage of Discounts: Once you've narrowed down your options, contact the insurance providers to inquire about additional discounts you may be eligible for. Ask about usage-based programs, defensive driving courses, paperless statements, bundling with other types of insurance, and other opportunities to lower your premiums.

By following these steps, you can make an informed decision about which insurance bundle best suits your needs and offers the most competitive rates and coverage options.

Frequently asked questions