(800) 253-1482How To Save Money With an Auto and Renters Insurance Bundle
Summary: Bundling is a popular method of combining coverages with the same carrier and receiving a discount. An auto and renters insurance bundle can protect your personal belongings, and vehicle, and save you money in the process. Not everyone benefits from bundling but many will. Be sure to compare the bundles available in your area among multiple carriers to ensure you maximize your savings and protection. Estimated Read Time: 4 mins
Table of Contents:
- What Is Insurance Bundling?
- Can You Bundle Renters and Auto Insurance?
- How To Find the Cheapest Auto and Renters Insurance Bundle
- Should I Bundle Auto and Renters Insurance?
- Pros and Cons When You Bundle Renters and Auto Insurance
- Is It Cheaper to Bundle Renters and Auto Insurance?
You can combine insurance policies with the same carrier for an auto and renters insurance bundle. By doing so, renters can protect more of their personal property and against potential liability all while receiving a lower premium than they would with separate policies. Below, we’re exploring how to shop for bundles and get the best savings possible.
What Is Insurance Bundling?
Insurance bundling is combining multiple insurance policies, such as an auto and renters insurance bundle, from the same carrier. This is often done to consolidate coverage and save on premiums. However, this practice can extend beyond renters and auto insurance, encompassing various policy combinations like motorcycle, life, or umbrella insurance.
Insurance carriers commonly offer discounts for bundling, making it a cost-effective solution for individuals with diverse insurance needs. Exploring bundling options with your insurance provider is important and common practice to save more without cutting protection.
Can You Bundle Renters and Auto Insurance?
Yes, a renters and auto insurance bundle is available through many different insurance carriers. As mentioned above, bundling is available with many different coverages, so long as they qualify under your carrier. Often, renters with vehicles will find many different options available.
How To Find the Cheapest Auto and Renters Insurance Bundle
Bundling renters and auto insurance is all about getting as much protection as possible for the lowest possible cost. However, you’re going to still need to ensure you aren’t cutting protection to save a quick buck while leaving larger financial risks exposed. Here’s how to find a cheap auto and renters insurance bundle that protects you the right way:
Get Both Policies at the Same Time
If you are shopping for an auto insurance policy and renters coverage, you can enroll in both at the same time. Be sure to ask your carrier about bundling to see what is available.
Seek Additional Discounts When Signing Up for Car Insurance
If you are purchasing a vehicle, you may be shopping around for different auto insurance. Furthermore, you may simply need different coverage depending on your new vehicle. Asking about bundling your renters insurance policy is a great way to protect yourself and receive a discount.
Always Compare Multiple Quotes
When looking for the best auto and renters insurance bundle, it’s important to compare options. This is because bundling looks different from carrier to carrier and for each person. No matter which route you take, to ensure you’re getting the most protection for the lowest cost, always compare.
Should I Bundle Auto and Renters Insurance?
While the decision to bundle auto and renters insurance often leads to savings, this isn’t always the case. Furthermore, for some, coverage with a bundle may be a cheaper option but offers inadequate protection.
Everyone has different insurance needs and each renter will have personal factors ranging from where they live to what they drive and more. Each of these personal factors will affect how much you pay.
Your personal factors are also going to affect how much protection you need. At the end of the day, bundling should save you money while providing you with a safeguard from potentially large financial losses.
Pros and Cons When You Bundle Renters and Auto Insurance
Auto and renters insurance bundles are beneficial for most but coverage needs differ from person to person. There are some cases in which bundling may not be the best option for your coverage news. Here are the pros and cons renters need to consider:
|
Pros: |
Cons: |
|
For most, coverage is available at a discount |
Bundling might not save all renters the most amount of money |
|
Consolidate your coverages for easier payment, claims, etc. |
Canceling coverage can be difficult |
|
You can save on additional coverage when bundling more than two forms of insurance |
Separate policies may provide better protection depending on your needs |
Is It Cheaper to Bundle Renters and Auto Insurance?
There are plenty of companies throughout Texas offering discounted rates for an auto and renters insurance bundle. However, the only way to know whether or not it’s cheaper to bundle is to compare your options. Freedom Insurance Group is proud to offer free, no-obligation renters and auto insurance bundle quotes. We work with over 25 top-rated carriers, contact us at the number above today!
