Best and Cheapest Home and Auto Bundle Insurance Companies in 2023
The best home and auto insurance bundle is from State Farm, with an average annual rate of $2,534 per year. State Farm won our top pick as the best auto and home insurance bundle for their sizable discount and excellent customer service.
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A home and auto insurance bundle combines both policies with the same insurer. Bundling your policy can provide greater value and make your policy cheaper and easier to manage. The best auto and home insurance companies for bundling offer great customer service ratings as well as affordable prices for both their car and home insurance policies.
Overall, a home and auto insurance bundle can save you up to $833 per year, but you'll need to compare and select the best auto and home insurance companies to get the coverage and customer service you need at an affordable price.
MoneyGeek found that a State Farm bundle offers the best combination of quality service and affordability.
The two widely-available companies most likely to have cheapest home and auto insurance bundles are State Farm and Allstate.
When you bundle home and auto insurance, the costs average at $2,739 per year, while the unbundled policies cost an average of $3,288 per year.
Why Trust MoneyGeek? We collected and analyzed quotes and data to create a scoring system that balances rate affordability, customer satisfaction, and financial stability for both home and auto insurance to determine the best and most affordable bundles nationally and by state.
The Companies With the Best Home and Auto Bundles
MoneyGeek scored insurance companies based on combined measures of affordability and service for both products and found that State Farm offers the best home and auto insurance bundle.
State Farm: MoneyGeek score of 90 out of 100
Allstate: MoneyGeek score of 86 out of 100
If you are in the military or have a military background, USAA is an excellent option, receiving a perfect score due to its cheap rates and unparalleled service reputation.
The Best Home and Auto Bundles
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Company
MoneyGeek Score (out of 100)
Bundle Affordability Score (out of 5)
Auto Satisfaction Score (out of 5)
Home Satisfaction Score (out of 5)
Financial Stability Score (out of 5)
1.
USAA
100
5
5
5
5
2.
State Farm
90
4.9
3
4.1
5
3.
Allstate
86
4.6
3
4.2
4.5
4.
Travelers
82
4.2
3
3.8
5.0
5.
Nationwide
76
3.6
3
4.4
4.5
6.
Farmers
68
3
3
4.6
4
Winner for Best Bundle: State Farm
pros
The cheapest widely-available home and auto insurance bundle due to its huge bundle discount
Stellar customer satisfaction ratings, especially for home insurance
cons
Mostly offers just the standard auto and homeowners insurance coverages
COMPANY HIGHLIGHTS
On average, State Farm offers one of the biggest bundle discounts at 25% and annual premium of $2,534 after discounts. Considering that State Farm home and auto insurance policies are relatively affordable to begin with, this makes it one of the most affordable bundles around. And you're getting great value for your money too, as it has a stellar customer service reputation, especially for homeowners insurance.
State Farm doesn't offer some of the common optional coverages that other insurers might offer, such as accident forgiveness in auto insurance. But, it does offer the big ones such as roadside assistance and rental car reimbursement for auto insurance, and home system protection and service line coverage for homeowners insurance. Overall, State Farm will offer good service at a good price with most of the coverages you need for home and auto. See a complete list of State Farm's coverage options for both home and auto below.
What Home and Auto Coverages Can You Bundle With State Farm?
Runner-up for Best Bundle: Allstate
pros
Affordable home insurance and average car insurance costs are made relatively cheap with the bundle discount
Higher home insurance customer satisfaction than State Farm
cons
Allstate car insurance may be expensive for some drivers
COMPANY HIGHLIGHTS
Allstate is neck and neck with State Farm for the best bundle. Both have great customer satisfaction ratings, but Allstate is not quite as affordable on average due to a lower bundle discount.
Allstate may be a better fit for shoppers who want coverages outside of the standard fare offered by most insurers. For instance, Allstate offers New Car Replacement, which is a great coverage for those with recent car models. And home insurance policyholders can benefit from its declining deductible, where your deductible falls $100 every year you don't make a claim. See a complete list of Allstate's coverage options for both home and auto below.
What Home and Auto Insurance Coverages Can You Bundle With AllState?
NEED MORE CAR AND HOME INSURANCE RESOURCES?
If you want to make a comparison of the best home and auto insurance companies individually, MoneyGeek has resources for that too!
When looking for the best home and auto insurance bundle, an important step in the bundling process is comparing individual quotes as well as bundled quotes.
Our calculators offer the fastest way to get and compare quotes for individual policies:
The average home and auto bundle discount across all insurers is 17%, which can mean substantial savings for customers. State Farm has the largest percentage discount at 25%. In contrast, USAA has the smallest average discount in percentage terms at 8%, when compared to purchasing both policies from the insurer separately.
However, the biggest discount doesn’t always mean the cheapest quote for home and auto insurance. For example, USAA may offer the smallest average discount, but it’s also the cheapest policy overall, with the total bundled premium averaging $2,513. Farmers offers a 19% discount when you bundle the two policies, but it’s also the most expensive bundle at roughly $3,157 per year — $418 more than the national average of $2,739.
The Cheapest Home and Auto Bundle Companies
It’s important to remember that the best discount percentage-wise doesn’t always mean the best savings in dollars if you’re looking for the lowest overall price for car and homeowners insurance. We found USAA to be the cheapest for home and auto bundles at an average yearly cost of $2,513 and State Farm the runner-up at roughly $2,534.
However, USAA is only available to active-duty military members, veterans and their families. Allstate comes closest to State Farm’s rates at roughly $2,625 for a multi-policy bundle for car and homeowners insurance.
On average, State Farm offers the biggest bundle discount on the market, making it the cheapest-widely available home and auto insurance bundle and the cheapest overall after USAA.
You may be able to get an even cheaper quote by taking advantage of all available discounts. For instance, State Farm offers most of the common discounts other car insurers do such as multiple cars insured, safe driving, anti-theft technology and passive restraint discounts.
The Cheapest Non-Bundled Combination of Home and Auto Insurance
Bundle discounts are often the best way to save on car and homeowners insurance, but in rare cases, you’ll get better savings by combining companies and not policies. The only combination we found to beat State Farm ($2,534) and USAA’s ($2,513) bundle rates was combining Travelers home insurance with USAA auto insurance for a total average premium of $2,471 per year. For those without access to USAA, the cheapest bundle on average is a combination of Nationwide and Travelers, but even that pair is hundreds of dollars more expensive than most other insurers would offer with a bundle discount.
Price is not the only factor to consider when shopping for insurance quotes. Consider a company’s customer satisfaction levels, service scores and financial strength ratings as well if you’re looking for more than just affordable coverage at low rates.
The Cost of All Non-Bundle Home and Auto Insurance Combinations
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Auto Insurance Company
Home Insurance Company
Annual Rate Unbundled
USAA
Travelers
$2,471
USAA
Allstate
$2,594
USAA
MetLife
$2,640
USAA
Nationwide
$2,846
USAA
State Farm
$2,849
USAA
Farmers
$2,879
Nationwide
Travelers
$2,921
State Farm
Travelers
$2,988
Allstate
Travelers
$3,029
Nationwide
Allstate
$3,045
Nationwide
MetLife
$3,091
State Farm
Allstate
$3,112
State Farm
MetLife
$3,158
Nationwide
USAA
$3,192
Allstate
MetLife
$3,198
State Farm
USAA
$3,258
Travelers
Allstate
$3,290
Allstate
USAA
$3,299
Nationwide
State Farm
$3,300
Nationwide
Farmers
$3,330
Travelers
MetLife
$3,336
State Farm
Nationwide
$3,363
State Farm
Farmers
$3,397
Allstate
Nationwide
$3,404
Allstate
State Farm
$3,407
MetLife
Travelers
$3,432
Travelers
USAA
$3,437
Allstate
Farmers
$3,438
Farmers
Travelers
$3,491
Travelers
Nationwide
$3,541
Travelers
State Farm
$3,545
MetLife
Allstate
$3,555
Travelers
Farmers
$3,575
Farmers
Allstate
$3,615
Farmers
MetLife
$3,661
MetLife
USAA
$3,702
Farmers
USAA
$3,762
MetLife
Nationwide
$3,806
MetLife
State Farm
$3,810
MetLife
Farmers
$3,840
Farmers
Nationwide
$3,866
Farmers
State Farm
$3,870
The Cheapest Insurance Bundles by State
Both car and home insurance are unique to each state, which means that insurance pricing is specific to each state. The cheapest national average premium may not be the cheapest rate you can get where you live.
Our data shows USAA is the cheapest to bundle in 14 states, while State Farm’s bundle rates for auto and homeowners insurance are cheapest in 13 states. Allstate comes in third with the cheapest rates in 9 states. But when comparing quotes and rates in your state, you may find that premiums vary widely.
Most of the time, it’s cheaper to bundle auto and home insurance with the same provider. The biggest advantage to an auto and homeowners insurance bundle is how much you can save due to the bundling discount, which is 17% on average. It also can be more convenient to pay only one company for multiple policies.
However, it may be cheaper to have separate auto and home insurance providers in some cases. MoneyGeek’s analysis found that Travelers is a consistently affordable homeowners option that can beat bundle discounts. For example, we found that it was cheaper to get a combination of USAA auto and Travelers home insurance than a USAA bundle.
For non-USAA drivers, there are other instances where not bundling is cheaper than bundling with an expensive insurer. For example, Nationwide auto and Travelers home coverage costs less than a Nationwide or Farmers bundle. MoneyGeek found five other combinations of insurers that are cheaper than the Farmers bundle.
It’s important for shoppers to be aware that though bundling is often the most affordable choice, bundles from certain companies — such as Farmers Insurance — can be quite expensive. If you have high auto rates because of poor credit or a bad driving record, you might also find that keeping both separate is better for your wallet.
The best way to know if you should bundle home and auto is to compare quotes with and without bundling from at least three companies to see what combination of coverage is the cheapest for you.
Compare Insurance Rates
Ensure you are getting the best rate for your insurance. Compare quotes from the top insurance companies.
How To Bundle Home and Auto Insurance the Right Way
Follow these steps to maximize your savings with a car and homeowners insurance bundle:
1
Know your coverage.
Review your current policies to know how much coverage you have. That way, you can get quotes for the same coverage limits.
2
Get and Compare quotes.
Contact your current insurance company. Then comparison shop with three or more other insurance companies for home and auto coverage. Ask for bundle quotes and individual quotes to compare.
3
Ask about discounts and deductibles.
Ask which discounts they offer so you can save the most. Some companies also offer a single deductible for your home and car if both are damaged in the same incident.
4
Shop annually.
Rates frequently change, so complete this process every year or two to ensure you’re getting the best deal.
Compare Car and Home Insurance Companies and Quotes
Before you take the plunge on bundling your home and auto insurance, you should first compare quotes for auto and home insurance policies individually from the best and cheapest providers. Use our calculators to get a fast comparison of car insurance rates. Once you've gathered and compared your home and auto quotes, contact your chosen providers and ask about bundling discounts.
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Frequently Asked Questions About Insurance Bundles
Home and auto insurance bundles are some of the most common discounts in the insurance industry. Here are some of the most common questions about them:
It depends on your definition of best. Balancing affordability for a bundle of home and auto insurance and customer satisfaction ratings for both policies individually, MoneyGeek found that State Farm offers the best home and auto insurance. If you're part of a military family, USAA is an excellent choice too.
One of the reasons State Farm is the best bundle is that it offers the cheapest home and auto insurance combination, with an average rate of $2,534 per year. Allstate and Travelers are also affordable options. You should shop around and compare bundled and non-bundled combinations to see which is cheapest for you.
Auto and home insurance bundles tend to offer greater savings than stand-alone policies with multiple providers. However, if you have poor credit or a bad driving record, your best option might be to look for the cheapest car insurance for a bad driving record and shop separately for the best home insurance policy that meets your needs.
Comparison shopping for car insurance and home insurance is the best way to determine what policies a provider offers for bundling. Some policies that can be bundled if offered by a provider include:
Car insurance
Homeowners insurance
Renters insurance
Motorcycle insurance
Boat insurance
Recreational vehicle insurance (motorhomes, trailers, campers and other recreational vehicles)
Life insurance
Before switching your car insurance or home insurance policy, you need to compare quotes from other companies to make sure you are getting the rates and quality of service that you need. Make sure to purchase your new policy before canceling your old one to avoid any costly lapse in coverage.
Once you have your new policy in place, you can cancel your previous policy, but be aware that some insurers charge cancellation fees or require a formal letter.
You will need the same personal information to bundle policies that you would need if seeking an individual policy.
A complete list includes:
Your personal information as well as any information about pets
Your car details such as the VIN, registration, current mileage, make and model
Your driving history
The address of the property
The appraisal information of the property
Lender agreements
Any prior insurance information
Expert Advice: Bundling Home and Auto Insurance
Is it always worth bundling home and auto insurance policies with the same company?
Are there any downsides to bundling home and auto insurance?
What other types of insurance policies can shoppers typically bundle with either home or auto insurance?
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Mandy Sleight is a licensed insurance agent and has worked in the industry since 2005. She has her property, casualty, life and health licenses. Mandy has worked for well-known insurance companies like State Farm and Nationwide Insurance, and most recently as the Operations Coordinator for a startup employee benefits company.
Mandy earned her Bachelor of Science degree in Business Administration and Management from the University of Baltimore and her Master of Business Administration from Southern New Hampshire University. She uses her vast knowledge of the insurance industry and personal finance combined with her writing background to create easy-to-understand and engaging content to help readers make smarter choices with their budgets and finances.