Is a Home and Auto Insurance Bundle Right for You?
Should You Bundle Your Insurance Policies?
Buying your home insurance and auto insurance policies from the same company is known as ‘bundling.’. Generally, when you bundle two or more policies with the same insurer, you will be rewarded with a discount on your premium. The premium discount can vary from insurer to insurer and policyholder to policyholder, but there are some major benefits to be had by bundling. Combining the right policies may give you the best coverage, the best discount, and the most favorable payout. Here’s when bundling your insurance may be the right choice for you.
You want convenience. Bundling makes managing your policies easier because you have multiple policies with one insurer. This means that when it comes time to review or renew your policies, it is that much simpler. When you bundle your insurance plans through the same provider, it cuts down on paperwork, you don’t have to remember several due dates, account logins and passwords, and you’re primarily dealing with just one agent.
You want to save money. Bundling becomes an attractive option because some of the savings you incur are immediate. The rate of discount will vary, but it’s likely that there will be a discount! In some cases, it could be up to 30 or 35 percent off when simply bundling two or more policies. With bundle pricing, you might group two auto insurance policies together for a discount. Add more vehicles to the policy, and you might see a further reduction.
You like strategically saving. On some occasions, the money you save by bundling your insurance policies isn’t instantly apparent. However, it will show itself under specific circumstances. If you do not bundle and your home and car are damaged by a natural disaster, you’d have to file two separate insurance claims – meaning that you’d pay two deductibles. By bundling, there is only one claim and one deductible to pay.
Find the right home insurance and auto insurance bundle for your needs and budget today. The professional team at Falsken & Associates Insurance Agency serves Thousand Oaks and surrounding areas in California with reliable home coverage. Contact us to get started.