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Nationwide is the best provider of home and auto insurance, with low average rates and bundling discounts of up to 20% for policies with multiple lines
Auto And Renters Insurance Bundle Comparison
If you have both auto and home insurance, you can save money by combining the coverage. But what are the best home and auto insurance packages available? We on the Guide team have analyzed the best auto and homeowners insurance companies on the market, and we’ll highlight our top picks for bundling insurance.
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The Guide Team is committed to providing reliable information to help you make the best decisions about insuring your vehicle. Because consumers rely on us to provide objective and accurate information, we created a comprehensive ranking system to formulate a ranking of the best auto insurance companies. We collected data from dozens of auto insurance providers to rate the companies based on a variety of ranking factors. After 800 hours of research, the final result was an overall ranking for each service provider, with the insurance company that scored the most points topping the rankings.
When one insurance company insures your home and vehicle, you have bundled coverage. Companies that offer both auto and home insurance may provide discounts when customers purchase both types through the same provider. Bundling discounts may also apply if you combine other types of insurance, such as renters insurance, life insurance, or umbrella insurance.
Bundling discounts are also called multi-policy or multi-line discounts. Almost all companies that offer various types of insurance offer bundling discounts, but some do not. Consider companies that offer discounts to make bundling coverage worth it.
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One of the most popular bundling options is combining home and auto insurance. But there are still other ways to save. Insurance companies that have multiple products often offer discounts for using two or more of the following types of coverage:
The best companies that combine home and auto insurance are Nationwide, Erie Insurance, USAA, Geico, and State Farm. Compare bundling discounts from the companies below.
Bundling discounts are just one aspect of finding the right insurance company. You also want to look for a provider that has reliable customer service and the right coverage options. In this section, we’ll take a closer look at the top five picks for the best home and auto insurance companies.
Nationwide offers affordable auto and home insurance, and gives policyholders discounts of up to 20% for combining the two products. Nationwide affordability, customer service, and a variety of coverage options make it our pick for the best home and auto insurance plans.
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Nationwide is the only provider on our list that has BBB accreditation, meaning it works to resolve complaints quickly. Additionally, our team surveyed nearly 7,000 auto insurance customers about their experiences with auto insurance providers. Nationwide received a score of 4.1 out of 5.0 for overall customer satisfaction from 225 survey respondents.
Pros 4.1 out of 5.0 in our customer satisfaction survey Low average insurance costs Wide range of car and home coverage Bundling discounts up to 20%
Our review team reached out to Nationwide for comment on its review but did not receive a response.
Erie Insurance is our second choice for the best home and auto insurance package because it offers great bundling discounts of up to 20% like Nationwide. Additionally, average rates from Quadrant Information Services show that Erie tends to be affordable compared to the national average.
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Erie operates in 12 eastern and central states plus Washington, D.C. The company is known for reliable service through local agents, and ranked second for overall satisfaction in our consumer survey. It’s a good idea to get a bundling deal from Erie if you live in D.C. or one of the following states:
You can also choose from add-ons such as new car replacement, rental car coverage, or Erie Auto Plus®, which includes increased coverage such as diminishing deductibles and a $10,000 death benefit.
While USAA only offers discounts of up to 10% for combining home and auto coverage, we found that its base rates tend to be cheap on average. Our data shows, for example, that car insurance from USAA is about 39% cheaper on average than the national average.
In addition to offering cheap car insurance, USAA has a reputation for good customer service. The company earned a score of 890 out of 1,000 points in the J.D. US Auto Claims Satisfaction Study. Power 2022℠ and 906 out of 1,000 points in the J.D. US Property Claims Satisfaction Study. Power 2023℠.
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USAA coverage is only available to military members, veterans and their immediate family members. If you qualify, it’s a good idea to get home and auto insurance quotes from USAA.
Pros Cheap average insurance rates Usage-based insurance available High customer service rating Bundling discounts up to 10%.
Geico is one of the best home and auto insurance bundling options available nationwide. While the company doesn’t reveal exact discounts for bundling, we found that Geico auto and homeowners insurance rates are affordable on average.
According to our rate data, Geico car insurance costs about 24% lower than the national average. Our team also compared home insurance quotes and found a rate of $77 per month from Geico, which is cheaper than the other eight major insurance companies.
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Advantages A++ financial strength rating from AM Best Score 4.1 out of 5.0 for customer satisfaction in our consumer survey 16 car insurance discounts Available nationwide
Our review team reached out to Geico for comment on its review but did not receive a response.
State Farm is the largest insurance provider in the country, and many people choose to bundle home and auto insurance coverage with the company. According to the National Association of Insurance Commissioners (NAIC), State Farm recorded more than $78.6 billion in insurance premiums for all types of coverage in 2022.
Like Geico, State Farm doesn’t list discount percentages for bundling. But we found that it offers a low average rate, which is why combining home and auto with State Farm can be beneficial. Providers offer a variety of insurance products applicable to many needs.
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Pros A++ financial strength rating from AM Best affordable auto insurance for teens and students Approximately 19,000 local insurance agents across the United States Many home and auto coverage options
Our review team contacted State Farm for comment on its review but did not receive a response.
One of the benefits of bundling home and car insurance is that you can save money. Bundling discounts usually range from 5% to 20% depending on the provider and type of insurance. Companies may also provide different discounts for each type of coverage.
Another advantage of bundling insurance is that you can work with one company. This reduces the number of people you need to talk to to resolve the issue.
Home & Auto Insurance Bundle
Combining home and auto coverage also simplifies your billing. You can only pay one bill to cover your home and auto insurance accounts, not two bills. Likewise, you can use one mobile app to manage your bill and find support for your coverage.
If you pay for home insurance through your escrow account, you can still combine insurance with one company to get a discount. In this case, you will pay a separate bill for the auto insurance portion.
Finally, some companies combine your deductibles for home and auto coverage if both your car and home are damaged under one insurance claim. For example, you only have to cover one deductible if a violent storm damages the roof of your home and car.
Just because bundling can be cheaper doesn’t mean it will always save you money. Additionally, price is not the only factor to consider. Whether bundling is worth it depends on the auto and home insurance rates you find from different companies and whether those companies meet your coverage needs.
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Although companies advertise discounts, bundling discounts may not apply to all types of coverage in all states. You should get a quote from the company to find out what you will pay for combined coverage. You can get bundling price quotes online, but you may also have to contact the company to speak with someone who can give you a price for your situation.
There are also more discounts to consider besides bundling. For example, Geico has great discounts for military members. State Farm is known for its 25% discount for good students, and Progressive rewards good drivers with discounts through its usage-based Snapshot ® program. Bundling might save you 10% with one company, but with additional discounts, you can save more overall with a different provider.
No matter how much discount you get, bundling won’t be worth it if the coverage doesn’t meet your needs. Companies may offer additional different car insurance coverages such as these:
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