Best Home and Car Insurance

Is bundling home and auto the best option? Find the best policy for you.

Best home and car insurance


Outside of your own health insurance, most people have two insurable interests: your vehicle and your residence. Regardless if you own or rent these interests, you're more than likely to insure them — potentially through the same company. While there are a lot of reasons to bundle your insurance policies, there are also some scenarios in which it’s not a good idea. Let’s explore the do’s and don’ts of bundling homeowners and car insurance policies.


Best cheap auto and home insurance bundles
  1. Which insurance company gives the best home + auto bundling discount?
  2. Why shouldn’t you bundle home and auto insurance?
  3. Why should you bundle car and home insurance?
  4. Tips for getting homeowners and car insurance quotes
  5. Additional resources



Best bundling discounts for car insurance


In order to see which company has the discount for bundling either a renters, homeowners, or condo insurance policy, we created a user profile and generated quotes from major insurance companies.




Renters and car insurance quotes
Company Average Annual Car Insurance Premium with Renters Insurance % Savings
Allstate $1,485 5.71%
Geico $1,346 5.15%
Farmers $1,326 5.12%
Liberty Mutual $1,384 5.06%
Nationwide $1,216 5.44%
Progressive $1,375 5.22%
State Farm $1,392 5.44%
USAA $1,407 4.78%

If you're looking for a cheap car insurance quote as a renter, consider Nationwide, offering an average six-month premium of $608. Find out more about how to save on car insurance as a renter.



Car insurance rates with a condo insurance policy
Company Condo owner % Savings
Allstate $1,528 8.12%
Geico $1,383 7.58%
Farmers $1,386 9.27%
Liberty Mutual $1,421 7.72%
Nationwide $1,262 7.90%
Progressive $1,421 8.28%
State Farm $1,437 7.28%
USAA $1,446 7.07%

Nationwide is the cheapest company for auto insurance with a condo owners policy attached to it. On average, you'd pay $631 per a typical six-month policy.



Car insurance rates with home insurance
Company Homeowners % Savings
Allstate $1,383 9.49%
Geico $1,258 9.04%
Farmers $1,228 10.85%
Liberty Mutual $1,141 9.71%
Nationwide $1,141 9.59%
Progressive $1,282 9.77%
State Farm $1,307 9.01%
USAA $1,316 8.95%

Homeowners tend to pay the least for car insurance for a couple of reasons. Firstly, homeowners are seen as more financially responsible and file less claims than renters. Thus, they're cheaper clients. If you're a homeowner looking to bundle car insurance policies, you should consider Nationwide. Learn more about car insurance for homeowners.

Please note: because of the complicated nature of homeowner’s, condo, and renter insurance, we were only able to quote for auto insurance with a "yes" or "no" bundled option. Meaning, the car insurance quotes only factor the fact they had a premium to bundle and thus these rates are only for car insurance policies.

As you can see, with a bundled policy, Nationwide is the cheapest company to get car insurance from with our user profile. However, Nationwide doesn’t offer the greatest discount. In fact, they’re pretty middle of the pack in terms of bundling discounts. Companies like Farmers and Allstate, while not the cheapest overall premium, offer a higher percentage of savings for bundling your homeowner’s insurance policy.





When not to bundle home and auto policies


While the appeal of a discount is ever-present, under some circumstances, you shouldn't bundle your insurance policies.


If you’ll lose — or limit — your insurance coverage

Because homeowners and car insurance companies are backed by different risk analyzers, they view risks differently. For example, some home insurance companies will either charge you more — or flat out deny coverage — based on your dog’s breed. While your dog’s breed has absolutely nothing to do with your car insurance, your dog is covered under your homeowners (or renters or condo owners) insurance via your liability policy.

If you switch your homeowners policy from a company that doesn’t exclude or limit your liability coverage simply because you have a German Shepherd, to one that does, you may be hurting yourself in the long run for a 5-10% discount.

This isn’t limited to dogs. If you have a trampoline, pool, or other potentially risky belonging, you should ask potential insurers to learn about potential limitations on your liability coverage (or any other type of coverage) before bundling.


If the discount isn’t worth it

If the value of premium you save by bundling isn't greater than what another company would offer without a discount, it’s not worth it. Some insurance agents will quote you a bundling discount if you’re trying to leave their company, but often times there’s still a cheaper insurance policy elsewhere. Even with a 5 to 10% discount, certain insurers' rates are still more expensive than other companies' standard premiums.

While Allstate and Farmers offer large discounts for bundling, their average premiums still exceed that of Nationwide — with or without a renter’s discount — for our user profile. So, even if you're set to save a couple bucks by bundling, you might want to compare other car insurance companies' offerings.

Despite these negatives, there are some reasons to bundle your homeowner’s and car insurance.




Advantages of bundling home and car insurance


Outside of the financial incentive of bundling homeowners and car insurance policies, there are some additional benefits of keeping it in the family. Let’s explore.


Convenience

What’s worse than dealing with an insurance company? Dealing with two insurance companies. By bundling, you reduce the number of insurance companies with which you need to deal. While your billing calendars may not align, you'll limit your exposure to multiple agents, customer service reps, and other common insurance-related hassles.




Tips for finding cheap homeowners and car insurance rates


If you’re in the market for homeowners and car insurance together, keep these tips in mind:


  • Make sure the insurance company you choose has a good a claims management and customer service history; if you’re only dealing with one insurance company, it should be a pleasure to work with.
  • Verify your insurance coverage won’t change after you bundle. Not all policies are treated equal and you want to make sure the other insurance company doesn’t carry restrictions that can limit your coverage.
  • Do the math: if you’re only bundling to save money (which is fair) be sure the discount you receive is worth it. Compare the premium you received when you were not bundling versus your new bundled premium.


Compare insurance rates today!


Methodology and process


Between September and December 2017, The Zebra conducted comprehensive auto insurance pricing analysis using its proprietary quote engine, comprising data from insurance rating platforms and public rate filings. The Zebra examined nearly 53 million rates to explore trends for specific auto insurance rating factors across all United States zip codes, averaged by state, including Washington, DC.

Analysis used a consistent base profile for the insured driver: a 30-year-old single male driving a 2013 Honda Accord EX with a good driving history and coverage limits of $50,000 bodily injury liability per person/$100,000 bodily injury liability per accident/$50,000 property damage liability per accident with a $500 deductible for comprehensive and collision. For coverage level data, optional coverage (that must be rejected in writing) is included where applicable, including uninsured motorist coverage and personal injury protection.

National property and casualty losses information is from the Insurance Information Institute and the NOAA National Centers for Environmental Information U.S. Billion-Dollar Weather and Climate Disasters report.

For vehicle make and model data, analysis referenced the most popular vehicles in the U.S. by 2016 year-end sales according to Goodcarbadcar.net’s automakers’ data.

Finally, some rate data may vary slightly throughout report based on rounding.

Additional Resources:

Best Home and Car Insurance

Secrets of the Bundle: When Can You Save by Combining Insurance Policies?
Secrets of the Bundle: When Can You Save by Combining Insurance Policies?
Jun 01, 2016

Nothing can make even the savviest of consumers’ eyes glaze over quite like the phrase “insurance bundling.” And we get...

4 Things You Own That Can Get You Dropped from Your Insurance Company
4 Things You Own That Can Get You Dropped from Your Insurance Company
May 31, 2017

The relationship you have with your home or renters insurance company is fundamentally an exchange of responsibility and premium. In...

When Should You Shop for Home Insurance?
When Should You Shop for Home Insurance?
Jul 20, 2017

You buy a new mattress every seven years and a new toothbrush every three months. You shop for new running...

4 Home “Improvements” That Could Actually Reduce Your Home Value
4 Home “Improvements” That Could Actually Reduce Your Home Value
Sep 14, 2017

Once you actually own a home, you’re free to make it into the space that’s perfect for you. It’s exciting...

What You Need to Know Before Buying Homeowners Insurance
What You Need to Know Before Buying Homeowners Insurance
Apr 17, 2017

Buying a home is a huge decision many folks make, whether to support a growing family, make a financial investment, or...

Why You Need to Prepare for Floods (Whether You Live in a Flood Zone or Not)
Why You Need to Prepare for Floods (Whether You Live in a Flood Zone or Not)
Aug 07, 2017

Dozens of major flooding events surface across the U.S. each year – and often in regions (even cities!) that aren’t...

Snakes on a Roof! But for Real: How to Snake-Proof Your Home (and Other Tips for Pest Control)
Snakes on a Roof! But for Real: How to Snake-Proof Your Home (and Other Tips for Pest Control)
Jan 05, 2018

When you’re watching nature documentaries or heading to the zoo, wildlife is fascinating and often beautiful. When it makes its...

4 Steps to Take in the Immediate Aftermath of a Home Burglary
4 Steps to Take in the Immediate Aftermath of a Home Burglary
Aug 10, 2017

It’s everyone’s nightmare. You find out someone has broken into your home. You panic at the thought someone might want...

3 Big Tips for Garage Safety: Keeping Your Family, Home, and Car Safe
3 Big Tips for Garage Safety: Keeping Your Family, Home, and Car Safe
Feb 08, 2017

Garages protect your cars, motorized toys, sports equipment and even your grill (sans propane) during cold weather, but without proper...

5 Insurance Tips You Need to Know before Renting Your Home on Airbnb
5 Insurance Tips You Need to Know before Renting Your Home on Airbnb
Jan 09, 2017

The sharing economy is currently worth about $26 billion and grows bigger each day. Even with regulations meant to curb...

Liability Coverage: The Unsung Safeguard of Your Insurance Policy
Liability Coverage: The Unsung Safeguard of Your Insurance Policy
Jun 13, 2017

Okay, let’s start with this: please do not go punch someone in a bar. We’re not endorsing any bad behavior...

Managed Retreats: Could They Save Coastal Cities from Environmental and Financial Ruin?
Managed Retreats: Could They Save Coastal Cities from Environmental and Financial Ruin?
May 08, 2017

For many of us, a beachfront home with a view of the sea has often seemed a far-off dream or...

13 Halloween Liability Scares You Can Prevent
13 Halloween Liability Scares You Can Prevent
Oct 26, 2017

It’s the time of the year when kids wander the neighborhood taking candy from strangers and people casually wield sharp...

Your Moving Manual: All the Boxes You Need to Check (and Pack!)
Your Moving Manual: All the Boxes You Need to Check (and Pack!)
May 24, 2017

Moving is a big thrill, a big hassle, and all-in-all, a big deal. For many people, it’s also the biggest...

CLUE Report: Why Does it Matter for Your Home and Auto Insurance?
CLUE Report: Why Does it Matter for Your Home and Auto Insurance?
Jun 06, 2017

When searching for an insurance policy, it’s important for consumers to do their due diligence and compare quotes before choosing...

Get Smart about Sinkholes: Is Your Home Protected?
Get Smart about Sinkholes: Is Your Home Protected?
Nov 08, 2017

There are altogether too many unfortunate scenarios which might cause damage to your home and property, and your home insurance...

5 Times You Don’t Need Travel Insurance – and 4 You Do
5 Times You Don’t Need Travel Insurance – and 4 You Do
Nov 15, 2017

If you’ve ever booked a trip, you’ve no doubt run into offers for travel insurance. Airlines, hotels, cruise lines, and...

Is Your Connected Home Smart Enough to Cut Your Insurance Costs?
Is Your Connected Home Smart Enough to Cut Your Insurance Costs?
Dec 02, 2016

Google Home and Amazon Echo: voice-activated assistants making life easier and cozier for families everywhere (ahem, say those heart-warming commercials...

Home Security Systems: How to Find the Right One (IF You Need One, That Is)
Home Security Systems: How to Find the Right One (IF You Need One, That Is)
Jun 05, 2017

Most of us think of our homes as a safe space. The idea of a thief violating that space is...

How to Protect Yourself and Your Home Against Wildfires
How to Protect Yourself and Your Home Against Wildfires
Aug 21, 2017

Ever used the expression “spread like wildfire?” Fire is an incredible force of nature, and while it has its uses...

Amazon Key: The Smart Delivery Solution That No One Wants
Amazon Key: The Smart Delivery Solution That No One Wants
Nov 24, 2017

It’s probably happened to you or someone you know. You’ve ordered a package, and it will be delivered by the...