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Home & Auto BundleInsuranceBest and Cheapest Home and Auto Insurance Bundles in September 2023
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Some providers give you a discount for purchasing multiple insurance products from them. This strategy — known as “bundling” — is an excellent way to save money.
Based on MoneyGeek’s analysis, State Farm is the best and most affordable provider for home and auto insurance bundling, averaging a combined premium of $2,559 per year. For military members and veterans, USAA is the best provider, with bundled policies costing an average of $2,681 annually.
Overall, bundling your home and auto insurance can save you around $496 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.
Home & Auto BundleInsuranceBest and Cheapest Home and Auto Bundle Insurance
Best Home and Auto Bundle - State Farm
Winner for Best Bundle: State Farm - State Farm
Runner-Up for Best Bundle: Travelers - Travelers
Cheapest Home and Auto Bundle - State Farm
Winner for Cheapest Bundle: State Farm - State Farm
Runner-Up for Cheapest Bundle: Allstate - Allstate
Best Home and Auto Bundle Discount - State Farm
Key Takeaways
Bundling with State Farm offers the best combination of quality service and affordability.
The two nationally available companies most likely to have the cheapest home and auto insurance bundles are State Farm and Allstate.
On average, bundling home and auto insurance costs $3,175 per year, whereas the same unbundled policies cost $3,671 per year.
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Auto and Home Bundle Calculator
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Rates Updated:
Sep, 30, 2023
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California
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30-65
Excellent
No
Clean
Sedan
State Min
None
$500,000
$100,000
$500
Companies With the Best Home and Auto Insurance Bundle
The best two bundle providers include:
- State Farm: MoneyGeek score of 64 out of 100
- Travelers: MoneyGeek score of 64 out of 100
To calculate the overall best bundle score, we combined our scoring metrics for the best auto insurance and the best home insurance. The discount score represents how much a bundle policy costs in comparison to individual auto and home policies.
Winner for Best Bundle: State Farm
pros
The cheapest widely-available home and auto insurance bundle
Great customer satisfaction ratings, especially for home insurance
cons
Only offers standard auto and homeowners insurance coverages
COMPANY HIGHLIGHTS
State Farm is the largest property and casualty insurer in the U.S. based on market share. At about 25%, its discount for bundling is one of the biggest available nationwide. Those who take advantage pay approximately $2,559 per year in auto and home insurance combined. State Farm’s home and auto insurance policies are relatively affordable, making it one of the most affordable bundles around. You're getting great value for your money as well since 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 for auto insurance. However, it offers many popular additions, 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 offers great service at a good price with most of the coverage options you need for home and auto. See a complete list of State Farm's coverage options for both home and auto below.
State Farm Coverages and Discount Offerings
Runner-Up for Best Bundle: Travelers
pros
Offers a range of coverages for both home and auto insurance policies
Offers many discounts for auto insurance policies
Has fewer customer complaints compared to other providers
cons
Not available in all states
More expensive than other providers
COMPANY HIGHLIGHTS
Next to State Farm, Travelers is the best option for those looking to bundle coverages since the company has much to offer. This includes a wide range of coverages, plenty of discount opportunities and minimal customer complaints. However, Travelers is the most expensive insurer in our comparison group. The company’s auto and home bundles cost an average of $5,285 annually.
Travelers is still a great fit for shoppers who want coverage options outside of the standard offerings provided by most insurers since the company has a range of coverages both for home and auto insurance. For instance, for home insurance policies, Travelers offers contents replacement cost and identity theft coverage. For auto insurance, the company offers accident forgiveness and gap insurance.
Travelers Coverages and Discount Offerings
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:
If you want to learn more about the best and cheapest car and home insurance, read our guides:
Cheapest Home and Auto Insurance Bundles
The cheapest bundle options in the U.S. for home and auto insurance include:
- State Farm: $2,559 annually
- Allstate: $3,147 annually
To make your premiums even cheaper, ask about discounts when applying for your policy. Providers often offer a range of both home insurance discounts and auto insurance discounts that are easy to qualify for.
Winner for Cheapest Bundle: State Farm
pros
Offers policies nationwide
Has a range of discounts for both home and auto insurance
Excellent financial stability ratings
cons
Missing some common auto insurance coverages offered by other providers
Customer satisfaction ratings are lower compared to other providers
COMPANY HIGHLIGHTS
State Farm offers the largest bundle discount, making it the cheapest-widely available home and auto insurance bundling option on the market.
You might be able to get an even cheaper quote by taking advantage of all available discounts. State Farm offers most of the common discounts other car insurers do, including multiple cars insured, safe driving, anti-theft technology and passive restraint discounts. You can also save on home insurance if you remain claims-free, continuously insured or have a new home.
State Farm Coverages and Discount Offerings
Runner-Up for Cheapest Bundle: Allstate
pros
Offers policies nationally
Has a range of additional coverages and discounts for home and auto insurance
Higher home insurance customer satisfaction than State Farm
cons
Slightly more expensive than State Farm
COMPANY HIGHLIGHTS
For people looking for affordable home and auto insurance, Allstate is a great alternative. On average, customers can buy policies for both their home and vehicle at a combined annual cost of $3,147 after the bundling discount.
Allstate stands out by catering to homeowners and drivers who require coverage beyond the standard offerings of most insurance providers. For instance, Allstate offers various optional home insurance coverages, such as home rental and mold, as well as many optional auto insurance coverages, including antique or classic car insurance and new car replacement coverage.
Allstate Coverages and Discount Offerings
Best Home and Auto Insurance Bundle for Veterans
USAA is an excellent insurer for veterans, often offering some of the most affordable policies and bundles. The company is one of the best auto insurance for veterans, and together with USAA’s home insurance policy, veterans will pay an average of $2,681 per year after the bundling discount.
USAA
Bundled auto and home insurance costs an average of $2,681 per year
Although USAA mostly has standard coverages and discounts for home insurance policies, the company offers a range of car insurance discounts to help make bundled premiums cheaper. These include discounts that are easy to qualify for, such as defensive driving, driver’s education and new vehicles. USAA also offers some more unique discounts, such as vehicle storage. With this discount, if you simply store an insured car, you might be able to save up to 60% on premiums.
Best Auto and Home Insurance Bundle by State
Beyond affordability, it’s important to find an insurance provider who excels in customer and claims satisfaction, financial stability and coverage options.
To help you find the best provider for your insurance needs, use the table below showcasing the best-ranked insurers in your state. Click on your state to see more details and information about each provider. This will allow you to find the insurance company that not only offers competitive prices but also meets your specific needs and preferences.
Best Auto and Home Insurance Bundle Discounts
Bundling your auto and home insurance can save you an average of $496 annually, but this can vary from insurer to insurer. The top three insurers with the largest bundle discounts are:
- State Farm (25%)
- Farmers (17%)
- Nationwide (15%)
There’s no guarantee that the company with the biggest bundle discount will be the cheapest. Before choosing an insurer, review our previous data and identify the cheapest providers. It’s also wise to consider comparing a provider that offers a cost-effective policy, even if their discount percentage may not be the highest.
Bundled vs. Unbundled: Cost Comparison
Bundle discounts are often the best way to save on car and homeowners insurance. However, in rare cases, you’ll get better savings by combining companies and not policies.
The only nationally available combination we found to almost beat State Farm’s ($2,559) and Allstate’s ($3,147) bundle rates was combining Nationwide’s auto insurance with Progressive’s home insurance for a total average premium of $3,224 per year.
Keep in mind that these are averages. The average cost of home insurance and the average cost of car insurance can change depending on numerous factors, such as your location, age and more.
Should You Bundle Your Home and Auto Insurance?
It’s generally cheaper to bundle auto and home insurance with the same provider. The biggest advantage of an auto and homeowners insurance bundle is how much you can save due to the bundling discount, which is 13% on average. It also can be more convenient to pay only one company for multiple policies.
State Farm is the best and the cheapest provider for bundled policies, which means policyholders can benefit from both affordable premiums and great service. It costs $2,559 annually after the bundling discount.
In some cases, it might be cheaper to have a separate auto and home insurance provider. For instance, combining Nationwide’s auto insurance ($1,516 per year) and Progressive’s home insurance ($1,708 per year) is $3,224 per year. This is cheaper than Progressive’s home and auto insurance bundle but more expensive than State Farm’s and Allstate’s bundles.
Although bundling is often the most affordable choice, bundles from certain companies can be quite expensive. One example of this is Travelers, which costs $5,285 annually. If you have high auto rates because of poor credit or a bad driving record, you might also find that keeping both policies 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. This can help you see what combination of coverage is the cheapest for you.
Bundling can save you money
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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 Home and Auto 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 Bundling Home and Auto Insurance
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:
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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