The Best Bundled Insurance in Ohio
The Best Home and Auto Bundles in Ohio
MoneyGeek found the best company for home and auto insurance bundling after analyzing various companies’ rates, service quality and discounts. The following companies are our picks for the best auto and home insurance bundles in Ohio:
- State Farm: MoneyGeek score of 86 out of 100
- Allstate: MoneyGeek score of 81 out of 100
State Farm scored very well in terms of customer satisfaction with home and auto insurance policies, and the company has a perfect discount score. Although Allstate has the same ratings in all categories, its policy is pricier than State Farm.
Earned a 4 out of 5 score for home and auto insurance
Scored 5 out of 5 for its discount
Offers roadside assistance coverage
Doesn't provide new car replacement coverage
Doesn't provide a paperless billing discount
State Farm is MoneyGeek's pick for Ohio's best auto and home insurance bundle. It's also the cheapest home and auto insurance bundle option in the state. The company charges around $1,502 per year for a policy, reflecting the 24% discount or savings of roughly $477 yearly by bundling.
We analyzed State Farm's auto insurance policy and found that you can add roadside assistance coverage, which helps you get back on the road if your car breaks down. It covers the cost of mechanical labor, towing, locksmith labor and delivery of oil, gas, a battery or tire change. However, the company does not offer many standard add-on coverages like accident forgiveness, better car replacement and gap insurance.
State Farm's home insurance policies can include many valuable add-on coverages, including mold coverage. The mold coverage protects against fungi and mold and pays up to $20,000 toward remediation. You may also choose to include an energy efficiency upgrade, which covers the replacement of a water heater, air conditioner or heating unit with a more efficient model after a covered loss.
Scored 4 out of 5 for home and auto insurance
Earned a perfect discount score
Provides custom parts coverage
Doesn't offer better car replacement coverage
Doesn't offer a multiple car discount
Based on MoneyGeek’s analysis, Allstate is the runner-up for the best auto and home bundle insurance in Ohio. The company’s bundled policy costs around $1,594 annually, making it the second-cheapest option. It offers a discount of 22%, reducing insurance costs by roughly $462 a year.
Allstate not only provides common add-on coverages to policyholders, but its auto policies can include many unique coverages like custom parts, sound system and portable electronics and media coverage. The custom parts coverage protects you against the cost of damages to custom equipment like bars, height-extending roofs and custom murals. With portable media and electronics coverage, you won’t have to worry about theft of items used with an auto sound system. However, comprehensive coverage must be active.
Allstate’s home insurance policy add-ons include home rental, energy efficiency upgrade, mold and yard and garden coverage. Its yard and garden coverage increases your coverage limits for the cost of items like riding lawn mowers, trees and landscaping.
The Best Home and Auto Bundles in Ohio for Military Backgrounds
USAA’s auto and home insurance bundle is the ideal option if you have an eligible military background to qualify. MoneyGeek’s research shows that the company offers the best auto and home insurance bundle in Ohio for veterans, active-duty military members and spouses of military officers.
USAA exclusively serves the military community and is not available to the general public.
USAA’s auto and home insurance bundle isn't the cheapest in Ohio, and the company doesn’t offer many discounts; however, it still has perfect overall home and auto insurance scores. The average bundled policy cost with this company is around $1,939 per year.
When you purchase an auto insurance policy from USAA, you can add common coverages like roadside assistance and rental car/travel reimbursement. The company also offers add-on coverages like accident forgiveness and rideshare insurance. With the accident forgiveness coverage, there will not be an auto policy surcharge in case of your first at-fault accident if you have been accident-free for five years.
USAA’s homeowners insurance policy could include home rental coverage. The home rental coverage protects you and your guests when you rent a room or your whole house.
The Best Home and Auto Bundle Discounts in Ohio
On average, insurance companies in Ohio provide an 11% discount on home and auto bundles, reducing the overall policy cost by roughly $219 a year. Based on MoneyGeek’s analysis, State Farm offers the biggest discount on bundling in Ohio at 24%, whereas Farmers gives the smallest discount at 8%.
Although State Farm is, on average, the cheapest insurer overall with the most significant discount, it’s essential to understand that a significant discount doesn’t always mean that the insurance company offers an affordable policy.
The Cheapest Home and Auto Bundles in Ohio
MoneyGeek analyzed different companies and found the following ones offer, on average, the most affordable auto and home bundles in Ohio regardless of the discount:
- State Farm: $1,502 per year
- Allstate: $1,594 per year
However, it isn’t always best to opt for the cheapest option. You should shop around and compare different policies to see which one is the best fit for your needs.
MoneyGeek found State Farm is the cheapest insurance company for a home and auto insurance bundle in Ohio, charging an average of $1,502 per year. The company may let you save 24% by bundling, reducing the price by around $477 annually.
You may save lots of money with State Farm’s auto insurance policy through various discounts, including a multiple car discount, a defensive driving discount and a discount for having airbags or an anti-theft system in your vehicle.
The company’s home insurance policy may provide discounts for having high-quality roofing material, installing protective devices, renovating your home, staying claims-free and more.
The Cheapest Non-Bundle Insurance Combinations in Ohio
Although it is not the case in Ohio, according to MoneyGeek’s research, you might get cheaper home and auto insurance rates by opting for an affordable auto policy from one insurer and a homeowners policy from another.
Based on MoneyGeek’s research, State Farm’s auto insurance policy (roughly $653 a year) and Travelers’ home insurance policy (around $1,002 a year) cost roughly $1,655 per year when purchased together. That’s the cheapest option for not bundling policies with one company in Ohio.
However, it’s not cheaper than State Farm’s bundle that is around $1,502 per year.
Should You Bundle Home and Auto Insurance in Ohio?
MoneyGeek recommends bundling home and auto insurance policies in Ohio as it makes the process straightforward and could result in significant savings. However, there are various instances when bundling is not the right option.
Bundle discounts in Ohio can save you between 8% and 24% per year.
Based on MoneyGeek’s analysis, State Farm is the best option for a bundling discount, as the company lets you save around 24%. On the other hand, Farmers offers the smallest discount of 8%.
Bundles are a convenient way to combine your most important property insurance policies.
Bundling home and auto insurance in Ohio has many advantages, including straightforward payments, simpler account management and a more affordable premium in some cases.
In rare cases, it might be better not to bundle in Ohio.
Although not bundling home and auto policies in Ohio isn’t cheaper than bundling, according to MoneyGeek’s findings, it’s still possible that you might find it necessary or does provide a lower price. Since every insurer determines rates differently, you might find it cheaper not to bundle auto and home insurance policies.
About Mark Fitzpatrick