How can bundling home and car insurance save you money and more?
Learn about one of the simplest car insurance discounts and how Massachusetts and Rhode Island car owners can take advantage of it.
If you’ve been looking for ways to cut back on your expenses, the HIG team is here to help. Whether you’re a homeowner, condo owner, or renter, one of the easiest ways to save money is to bundle your home and car insurance policies. Bundling also offers benefits that extend well beyond conserving your cash.
At HIG, we always want to make sure our clients have the information they need to make smart decisions about their insurance, so we are going to arm you with some important details about this discount and how it can save you money and more.
Here are three ways you can save by bundling your home and car insurance
Those amusing bundle-and-save commercials you’ve probably seen on TV or heard on the radio only tell you part of the bundling savings story. The HIG team wants you to know there are potentially multiple ways you may save with this discount option.
- #1 You can get rewarded with a reduced insurance premium. This, of course, is the most talked about—and arguably the biggest—benefit of bundling. When you group either your homeowners, renters, or condo insurance and your car insurance with the same insurance company, they typically want to thank you for giving them more of your business, and encourage you to stay a loyal customer, by providing you with a bundling discount. Depending on the carrier, bundling generally saves you between 10% and 25% off your combined premiums when compared to what you would have paid if you bought your home and auto policies from two separate companies.
- #2 You can get the convenience of having multiple insurance policies in one place. When all your insurance policies are placed with the same insurance company, it should make managing your personal insurance a whole lot easier. It often reduces the amount of paperwork, simplifies bill payment, consolidates your logins and passwords, and minimizes the number of people you must deal with when you have a question or issue. And do you know what all this newfound convenience typically saves you? Time! Outside of money, time may be the most valuable commodity for many of us.
- #3 You can get some welcome financial relief if you file a claim. Imagine you experience an unfortunate scenario, like a violent storm hitting your neighborhood and seriously damaging both your car and home. If you work with two different insurance companies for home and auto coverage, you would be facing two separate claims processes and likely paying two separate deductibles. However, if you’ve bundled your home and car insurance with one company, you may be able to file just one claim and be accountable for only one deductible. While this may be the least obvious benefit of bundling, it is probably the most strategic reason to bundle your insurance policies. If you ever have to file a simultaneous home and auto claim, bundling has the potential to save you not only money but also a good deal of stress and hassle.
HIG is here to help you find ways to save with bundling and more
To get the potential bundling savings started as quickly as possible, just give us a call. An HIG team member will lead you through the very easy steps to getting this popular discount for yourself.
Bundling is generally a smart choice for almost every car owner, but we still want to do our due diligence to make sure this discount option will truly benefit you. If it does seem like a good fit, we will evaluate the bundling options offered by your current car and home insurance companies and compare them to the savings you might get from bundling with other top insurance companies we work with. Then, we will assist you in weighing all your bundling options. If you decide to switch your policies to a new insurance company, we will make that process super simple for you, including notifying your old company that you are moving your policies.
Finally, bundling isn’t the only car insurance discount or additional coverage option that might save you money, time, and stress today or later down the line. So, while we’re securing bundling savings for you, we will also help you review other smart and budget-friendly solutions, including Automatic Bill Pay, Military or Student Away, Low Mileage Discount, Disappearing Deductible, Accident Forgiveness, and more.