Finding the Best Home and Auto Insurance Bundle For Your Needs
Purchasing both your Home and auto Insurance needs from the same company can typically save you money with multi-policy discounts. Many insurers provide a savings estimate on their website, listing the amount you can potentially save. The estimates may be listed as a dollar amount or a percentage. However, the exact savings can vary by carrier. It’s important to get competitive quotes from other companies before deciding on the best home and auto insurance bundle for your needs.
What are benefits of insurance?
A variety of factors can influence the cost of a policy, including driving record, demographics, home value and more. Choosing the right company can make or break your budget. In addition to finding competitive prices, consider other critical factors like customer satisfaction and the availability of digital tools for policy management.
In the table below, CNBC Select reviews a list of home and auto insurance providers that stand out in terms of pricing, policy features, customer satisfaction and other criteria. While Allstate has a high bundling discount and is nationally available, the company falls short of other options in its overall offerings and customer service.
Farmers is the ninth-largest property and casualty insurer and offers a large bundling discount on its auto and home insurance policies. The company also provides a competitive premium and is available in most states. However, it lacks digital tools and is less popular than some of the other home and auto insurers reviewed here. In addition, its deductibles are higher than those of other competitors.