Why you can trust The Zebra

The Zebra partners with some of the companies we write about. However, our content is written and reviewed by an independent team of editors and licensed agents. Reference our data methodology and learn more about how we make money.

Author profile picture

Ava Lynch

Insurance Analyst

Credentials
  • 7+ years of Experience in the Insurance Industry

Ava joined The Zebra as a writer and licensed insurance agent in 2016. She now works as a senior insurance contributor, providing insights and data a…

Author profile picture

Renata Balasco

Senior Content Strategist

Credentials
  • Licensed Insurance Agent — Property and Casualty

Renata joined The Zebra in 2020 as a Customer Experience Agent. Since 2021, she has worked as licensed insurance professional and content strategist.…

Is there a homeowners' car insurance discount?

Buying car insurance as a homeowner does offer some savings. In the eyes of an insurance company, a homeowner is more financially stable and thus less likely to file a claim or get into an accident. As such, homeowners pay $166 less per year than the national average for car insurance! Let’s explore some handy tips for saving on car insurance as a homeowner.

How to get a multi-policy discount for car and home insurance

You can get a multi-policy discount from most major insurance providers by purchasing a homeowners policy and a car insurance policy from the same company. Have the below information on hand when beginning the quote-gathering process:

Car insurance:
  • Personal information of all drivers, including license numbers, dates of birth, and driving history — including a timeline of any violations
  • Vehicle information (including VIN)
  • Address
  • Insurance history
 
Home Insurance:
  • Address
  • Personal information of all individuals living at the residence
  • Estimated value of your property
  • Estimated value of personal property
  • Desired liability limit
  • Itemized list of any valuables that may exceed homeowners policy limits
bundle icon

Most home insurance policies have personal property value limitations (usually $3,000-$5,000). If you have furs, fine art, or jewelry worth more than $5,000, consider adding more coverage.

For more information on this, see our in-depth guide to home insurance.


Which companies offer the best home and car insurance discounts?

Now that we’ve explored how to get a quote, let’s explore the companies offering the best discounts. With a general driving profile (see our methodology below), we surveyed some top insurance companies across the US and added a “homeowner” discount to the policy.

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%

Nationwide offers the cheapest car insurance premium with the “homeowner” discount. Keep in mind, this isn’t a combined premium for home and auto — this is just the cost of an auto insurance policy with a homeowner discount applied. Because of the diverse nature of home policies, it would next to impossible to create a generalized profile to show this average cost.

Use this data as a starting point when searching for a home and auto policy. Assess as many companies as possible with your home and auto insurance bundled together.


Compare quotes from over 100 providers.

Location pin icon
No junk mail. No spam calls. Free quotes.

Simple tips to save on car insurance coverage

Now that we’ve outlined how to get car insurance as a homeowner, let’s go over some simple ways to save.

 
Be smart with your claims

Most insurance companies will raise your rates for three years after you file a claim. Before filing a claim, follow our guidelines:

  • Get an estimate for the repairs at a local repair shop.
  • Reference The Zebra's State of Insurance study to see how much an at-fault accident would raise rates in your state. Consider this cost over three years: that's how long your insurance company will charge you.
  • Compare the out-of-pocket costs with the rate increase plus your deductible. If it's still cheaper to file a claim, do that.

There are times when you will need to a claim:

  1. If someone was injured. Because of how expensive medical expenses can be, it will probably be cheaper to let your liability coverage/healthcare handle this.
  2. If you are the at-fault driver and the not-at-fault driver does not want to be paid out-of-pocket for the repairs.
  3. If you suffer a total loss or extensive property damage

Keep in mind, you might be required to inform your insurance company after any accident as part of your policy conditions. Check your policy information to be sure.

wreck icon
Make sure you have the right coverage

Unlike your home, your car loses value over time. Meaning, you should evaluate your car insurance coverage when your car begins to age. The general rule of thumb in the insurance world is if your vehicle is worth less than $4,000, you do not need your comprehensive and collision. These coverages, unlike your liability coverage, are designed to protect your vehicle and are not required by law. But if your vehicle isn’t worth much to begin with, you might be paying for coverage you do not need.

You can determine the value of your vehicle through online resources such as Kelley Blue Book and NADA online. If it is determined you need more than your liability coverage, considering raising your collision and comprehensive deductibles. By raising your deductible, you take on a greater amount of financial responsibility in the event of a claim. Thus, you lower the premium on your personal auto policy.

Coverage Level Avg. Annual Premium
Liability only $703
$500 deductible $1,699
$1,000 deductible $1,493

The Zebra’s Dynamic Insurance Rating Tool data methodology — auto insurance

The auto insurance rates displayed throughout this page come from The Zebra’s Dynamic Insurance Rating Tool, a proprietary insurance premium estimator that uses the most recent rate filings across the United States at the ZIP code level to provide up-to-date rate data. Most insurance companies file car insurance rates one to two times a year. This data comes from Quadrant Information Services, which sources the latest approved rate filings across carriers in each state from S&P Global. Quadrant then uses an internal QA process to validate the information and build reports before the data is programmed into The Zebra’s dynamic rating tool.

Rates are based on a sample driver profile — a 30-year-old single male driver with a Honda Accord and full coverage at these levels:

  • $50,000 per person/$100,000 per incident for bodily injury liability
  • $50,000 per incident for property damage liability
  • $500 deductibles for collision and comprehensive coverage

To provide insight to consumers on how specific personal factors (like age, location and coverage level) can affect your premium, this base profile is then adjusted for different factors commonly used by insurance companies. For more information, see our full data methodology.

 

Shop carefully for discounts

A big benefit of carrying home and auto insurance policies with the same company is the discount. Here are some other standard discounts for which you should be on the lookout.

  • Good driver
  • Good student discount (ages 16-25)
  • Good/safe teen driving discount (pre-approved safety training course)
  • Telematics programs
  • Payment by bank account
  • Paid-in-full discount
  • eSignature discounts
  • Paperless billing discount
  • Multi-vehicle discount
piggy bank
Shop around

While maintaining homeowners and car insurance with the same company is important, it’s only a small part of finding low-cost car insurance. The best way to finding the cheapest rate is to shop around. Most major car insurance companies will offer you multi-policy discount, so don’t limit your search. Enter your zip code below to get started today.

Get personalized insurance rates in less than 5 minutes.

Location pin icon
No junk mail. No spam calls. Free quotes.

RECENT QUESTIONS

Other people are also asking...

Can I get homeowners insurance with non-permitted roof repairs?

Thanks for reaching out about this! In short, yes, this will affect your insurance. Buying a home is a big life event and can be stressful even without surprises, so discovering that things weren't done according to code or local regulations can be incredibly frustrating (and potentially unsaf…
Nov 8, 2023 Palm Coast, FL

Does my age matter for homeowners insurance rates?

Thank you for reaching out to The Zebra! This is a great question. Car insurance is much more dependent on your age than home insurance. When it comes to home insurance, the age of the house is usually a much more important factor than the age of the homeowner! However, some carriers will use your …
Mar 30, 2023 Union Gap, WA

If I am buying car insurance and already have motorcycle insurance, will I be eligible for a prior insurance discount?

With the majority of companies, a prior insurance discount for auto coverage is based on being previously insured under an auto policy. Unfortunately, most companies won't consider an existing motorcycle policy to be sufficient to qualify for a continuous insurance discount. It may be possible…
Jun 6, 2017 Peoria, AZ

About The Zebra

The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.

  • The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.
  • The Zebra’s insurance editorial content is not subject to review or alteration by insurance companies or partners.
  • The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.
  • The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.