“Bundle your home and auto & save!” “Save by bundling your insurance policies together!”
We seem to be inundated with commercials and advertisements telling us to bundle our insurance policies together. What is the reason behind this and is really a better option for your insurance?
Benefits of Bundling
Discounts
Some of the benefits associated with bundling your insurance policies together are discounts. The more you bundle, typically, the more you save. While the most common bundled policy is the home and auto policy, some insurance companies discount other product bundles such as auto and motorcycle. It depends on each carrier.
Consolidated Billings
Bundling your policies together can help eliminate confusion over your billing. While home insurance may go to your escrow company, it is easier to understand when your bill comes from a single source.
Access to more products
Many companies will require the auto policy to write an umbrella policy. While typically the umbrella policy is written under the property portion of your insurance. Do note, there are some companies who will just write an umbrella policy.
Why would you not bundle?
Sometimes bundling your insurance policies just doesn’t make sense. Some circumstances in which you may not be able to bundle your insurance can be:
- Young drivers
- SR22 Insurance
- High Risk Drivers
- Dangerous dog in household
- Earthquake or Flood Insurance
Every once in a while auto insurance may seem too high, but you’re happy with your home insurance carrier. In this instance, you can use the full benefit of an independent insurance agent by writing the home with one carrier and the auto insurance with another carrier. Just because you’re splitting the policies doesn’t necessarily mean you’ll pay more. An agent in our office can show you all the prices between several carriers and help guide you as to what makes the most sense for your specific situation.
If you’re in the market for a new or replacement insurance policy, you’ve come to the right place. Independent insurance agents are the only agents who have access to multiple top-rated insurance companies. By shopping with an independent agent, you can compare coverage, pricing, payment plans and look at bundling your insurance policies all with one phone call. The benefits of having an independent insurance agent don’t stop there. As your life changes, your agent can adapt to your needs finding you’re the right new company for your new situation such as getting married, having a teen driver and more. Thank you for the opportunity to help you with your insurance.