For the majority of American citizens with insurance, home and auto policies are an unavoidable part of their annual budget. These two types of coverages are essential, but that doesn't mean they have to break your bank account every month. One smart way you can cut down on premiums is by bundling both home and auto coverage through a brokerage like Goosehead that offers several mix and match options. It's a simple approach, yet highly effective in reducing costs.
Bundling is recommended by most insurance professionals because doing so will typically result in significant savings on one or both of the policies. A Bundling Discount, sometimes called a Companion Policy Discount, can easily qualify you for savings of up to 20% on your home and auto insurance. Additional benefits to bunding are:
- Simplicity: Having all of your insurance policies in one brokerage is a surefire way to make buying and managing your insurance policies a lot simpler. Think about the number of conversations and touchpoints that are required to maintain insurance. You have to speak to an agent to purchase the policy or make changes, you have to make payments each month or year depending on your plan, and at some point, you are bound to have questions that you may have to call in to have answered. Having one central point of contact that can access both your home and auto insurance can cut the time you spend on these tasks in half since all the info lies in one place.
- Expanded Coverage Options: Some companies will offer perks to clients who bundle their home and auto insurance. This can include things like a single deductible for claims that involve both the home and auto policy, or even options to choose lower deductibles for folks who bundle. Overall, insurance companies prefer to have your home and auto insurance together, so they will usually try to make it worth your while.
