If you own a home and a car, and you insure them through Nationwide, you can get a discount on your auto policy. Save up to 20% when you bundle home and car insurance with Nationwide. In general, you'll have to buy your car and home insurance with the same insurer to be eligible for a package discount. In addition, in some cases, you may not have packages available if your preferred auto or home insurer doesn't sell other lines of insurance.
In the case of life insurance policies, it's important to keep in mind that it won't be the life insurance premium that will be discounted. For example, Farmers allows you to combine your auto insurance with another Farmers policy, whether it's home insurance, life insurance, small business insurance, specialized insurance, or supplemental insurance. All insurance products are governed by the terms of the applicable insurance policy, and all related decisions (such as coverage approval, premiums, fees and charges) and policy obligations are the sole responsibility of the insurance insurer. If you choose to insure both your vehicle and your property insurance, whether it's home, condo, or renters coverage with the same insurance company, you may be eligible for a multi-policy discount, sometimes referred to as a multi-line or package discount.
Combining your auto and home insurance can be a great way to generate significant savings on both policies and make your insurance more convenient to manage with a single insurer. Most property and accident insurers that sell auto and home insurance offer discounts for multiple or line policies, but savings vary depending on individual insurance companies. Insurance bundling refers to the process of purchasing several types of insurance policies from the same insurance provider. This discount is often one of the most important discounts offered by insurance companies, which means that, if you qualify, you could get significant savings on your insurance premiums.
Bankrate can explain the benefits of bundling, explain how the combination of home and car insurance works, and help you decide if it's the right option for your insurance needs. With Allstate, you can combine home and auto insurance, renters and auto insurance, or renters and motorcycle insurance.