Bundling is when you purchase auto and home insurance policies from the same company. One of the biggest reasons for doing so is the multi-policy discount many insurers offer — sometimes as much as 35%. Here, we break down the best and cheapest auto and car insurance companies for bundling in 2024.
Compare the best auto and home insurance companies
To determine the best auto and home insurance bundles, we analyzed sample bundling quotes, customer and claim satisfaction scores, financial strength ratings, and available auto and home insurance coverage options for over 50 companies.
Insurance company | Policygenius bundling rating | Average bundling cost | Average bundling discount | |
|---|---|---|---|---|
4.9 out of 5 | $2,405 | 12% | ||
4.7 out of 5 | $2,434 | 6% | ||
4.7 out of 5 | $2,341 | 26% | ||
4.5 out of 5 | $2,142 | 18% | ||
4.0 out of 5 | $3,450 | 18% |
Best auto and home insurance bundles
Our pick for the best auto and home insurance bundle is Auto-Owners — thanks to its competitive rates, excellent customer satisfaction and financial stability ratings, and an extensive auto and home insurance coverage options. Our next top picks for the best insurance bundles of 2024 are USAA, State Farm, Erie, and Farmers.
Auto-Owners Insurance
4.9
Bundle home & auto
Offers flood insurance
Mobile app
New homebuyer discount
Good student discount
Offers new car replacement
Offers gap coverage
Accident forgiveness
Offers motorcycle insurance
Why we chose it
Auto-Owners Insurance earns the highest Policygenius Bundling Rating thanks to its low rates, slew of home & auto insurance discounts, and excellent customer satisfaction scores.
Pros and cons
Pros
Offers 20+ home & auto insurance discounts to save even more
Only pay one deductible if your home & car are damaged in the same covered event
Below-average number of customer complaints
Cons
Only available in 25 states
Can't file claims online
More details
Home insurance discounts
Multi-policy
Responsible payment
Claim free
Loyalty
New homebuyer
Paperless billing
Protective device
Advance quote
Automatic backup generator
Water shutoff system
Mortgage-free
Auto insurance discounts
Multi-policy
Payment history
Green discount
Life multi-policy
Paid-in-full
Advance quote
Safety feature
Favorable loss history
Multi-car
High deductible
Good student
Student away at school
Teen driver monitoring
Auto-Owners offers a bundling discount of up to 12%, which brings its average bundling rate to around $2,405. We like this company for your home and auto insurance needs thanks to its extensive number of additional discounts offered, perfect AM Best rating, and fewer customer complaints for a company of its size according to the National Association of Insurance Commissioners (NAIC).
USAA
4.7
All 50 states
Bundle home & auto
Offers extended replacement cost
Offers flood insurance
Offers earthquake insurance
Smart home discounts
Mobile app
Good student discount
Usage-based discount
Offers motorcycle insurance
Offers gap coverage
Offers classic car insurance
Why we chose it
USAA is a good choice for military members and their families looking to bundle their home and auto insurance together thanks to its competitive rates, slew of discount and coverage options, and best-in-class customer satisfaction ratings.
Pros and cons
Pros
16+ discounts and perks for members of the armed forces
Pay no deductible if your uniform is damaged or stolen while on active duty
Industry-best customer service and claims satisfaction ratings
Cons
Only available to military families
Doesn’t offer extended dwelling coverage options for home insurance
More details
Home insurance discounts
Multi-policy
Multi-product
Protective devices
Connected home
Loyalty
Claims-free
Auto insurance discounts
Multi-vehicle
Good driver
Good student
New vehicle
Anti-theft device
Storing your car
Garaging your car
Low mileage
Legacy
Loyalty
USAA offers a bundling discount of up to 6%, which brings its average bundling rate to around $2,434 per year. It's a good option for current and retired military members who are looking for a company with high financial strength ratings, as well as strong claims and customer satisfaction scores from J.D. Power.
State Farm
4.7
All 50 states
Bundle home & auto
Mobile app
Offers extended replacement cost
Offers earthquake insurance
Offers flood insurance
Offers wildfire insurance
Good student discount
Coverage for rideshare drivers
Offers motorcycle insurance
Usage-based discount
Why we chose it
State Farm's nationwide availability, low bundling rates, and outstanding customer satisfaction scores makes it a top pick for bundling your home and auto insurance. It also earned the award "Best Insurance Company for High-Risk Homes" earlier this year.
Pros and cons
Pros
Score an extra 30% off your auto insurance rate with its special usage-based program
High customer satisfaction scores & financial stability ratings
Can bundle homeowners, renters, condo, auto, & life insurance policies
Cons
Not many speciality car insurance coverage add-ons, like full glass coverage or lock replacement
Fewer home insurance discount opportunities than competitors
More details
Home insurance discounts
Multi-policy
Protective devices
Fortified roofing
Higher deductible
Auto insurance discounts
Safe driver
New driver
Accident-free
Defensive driving course
Vehicle safety devices
Passive restraint system
Anti-theft
Multi-auto
Multi-policy
State Farm offers a bundling discount of up to 26%, which brings its average bundling rate to around $2,341 per year. It earns a spot on our best bundling list thanks to its strong financial strength ratings, below-average number of customer complaints according to the NAIC, and 20 home and auto policy endorsements for even more robust coverage.
Erie
4.5
Offers flood insurance
Bundle home & auto
Mobile app
Offers gap coverage
Offers new car replacement
Usage-based discount
Coverage for rideshare drivers
Accident forgiveness
Why we chose it
Erie stands out thanks to its extremely competitive bundling rates, handful of insurance policies you can bundle together, and outstanding coverage perks. We also love Its auto insurance rate lock that lets you avoid premium rate hikes year after year.
Pros and cons
Pros
Very low rates for bundling home & auto insurance
Offers guaranteed replacement cost coverage for your home
Lets you lock in your auto insurance rate to avoid rate hikes year after year
Cons
Fewer home & auto insurance discounts than competitors
Above-average complaints for auto customers
More details
Home insurance discounts
Multi-policy
Protective devices
Advanced quote
Auto insurance discounts
Safe driver
Car safety equipment
Multi-car
Multi-policy
Reduced usage
Young driver
Annual payment plan
Erie offers a bundling discount of up to 18%, which brings its average bundling rate to around $2,142 per year — the cheapest of any company on this list. It stands out from the competition due to its 20 home and auto coverage endorsements, high financial strength rating with AM Best, and strong claims and customer satisfaction scores with J.D. Power.
Farmers
4.0
Offers extended replacement cost
Offers earthquake insurance
Offers flood insurance
Smart home discounts
Bundle home & auto
Mobile app
Good student discount
Offers new car replacement
Offers motorcycle insurance
Accident forgiveness
Why we chose it
Farmers stands out thanks to its dozens of insurance discounts available, slew of insurance offerings you can bundle that go beyond just home and auto policies, and stellar customer complaint scores.
Pros and cons
Pros
Offers 30+ home & auto insurance discounts to help you save even more
Can bundle homeowners, auto, life, umbrella, small business, and specialty insurance policies to save on premiums
Below-average customer complaints compared to competitors
Cons
Doesn’t offer gap insurance for auto customers
Financial strength ratings are lower than other companies on this list
More details
Home insurance discounts
Affinity
Multi-line
Electronic policy
UL-approved roof
New home
Protective devices
Home safety
Green certifications
Claims-free
Smart home
Rent-to-own
Preferred payment
Good payer
HOA gated community
Auto insurance discounts
Multi-line
Multi-car
Affinity
Electronic policy
Good payer
Safe driver
Distant student
Youthful driver
Good student
Shared family car
On your own
Mature driver
Homeowner
Alternative fuel
Monthly autopay
Pay in full
Anti-lock brakes
Anti-theft devices
Daytime running lights
Passive restraint
Homing device
VIN etching
Farmers offers a bundling discount of up to 18%, which brings its average bundling rate to around $3,450 per year. It offers 36 home and auto insurance discounts to save even more — the highest of any other company on this list — and 35 policy endorsements for increased coverage on your policies. It also scores well with AM Best for its financial strength and receives 50% fewer customer complaints according to the NAIC.
Methodology
How we chose the best companies for bundling
At Policygenius, our educational guides are written and fact-checked by licensed home insurance experts and reviewed by our Financial Review Council to ensure autonomy, expertise, and accuracy.
To find the best insurance companies for bundling home and auto insurance, we researched, analyzed, and rated companies across different ratings and metrics, including average annual bundling premiums, AM Best ratings, J.D. Power customer satisfaction and claims ratings, NAIC customer complaint numbers, and more.
We rated 10 companies in the following areas, weighted differently based on order of importance to customers in 2022.
Cost (35%)
We calculated each company’s average annual rate when you bundle your home and auto insurance policies, and also factored in the number of home and auto insurance discounts offered by each company.
Rates are based on the following coverage limits:
Auto bundling rate: Based on a 30-year-old male driver with a 2017 Toyota Camry and the following limits on a full-coverage policy: bodily injury liability ($50,000 per person, $100,000 per accident), property damage liability ($50,000 per accident), uninsured/underinsured motorist($50,000 per person, $100,000 per accident), comprehensive ($500 deductible), and collision ($500 deductible)
Home bundling rate: Based on a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits: dwelling ($300,000), other structures ($30,000), personal property ($150,000), loss of use ($60,000), liability ($300,000), and medical ($1,000)
Financial confidence (25%)
Our financial confidence score is based on each company's rating with AM Best, Standard & Poor's, and Moody's — three of the insurance industry's leading credit rating agencies that measure a company's financial strength and stability.
Customer experience (20%)
Our customer experience rating is based on each company's score on J.D. Power's customer satisfaction, claims satisfaction, and digital experience surveys. These surveys rate companies based on policy offerings and billing processes, customer service around claims, and their desktop and mobile web experience.
We also factored in each company's score on the National Association of Insurance Commissioner Customer Complaint Index, which measures whether the company receives more or less complaints than the average insurance company of its size.
Coverage (20%)
Our coverage rating is based on the number and quality of coverage add-ons, tiers of coverage, and policy perks offered by each company for both home and auto insurance.
Once we determined each company’s Policygenius bundling score, our team of insurance experts analyzed the list to choose the best options overall.
Why you can trust Policygenius
As an online insurance marketplace, Policygenius works closely with homeowners all over the U.S. to help them find a home insurance policy that suits their needs — without bias or favor toward any one company. We don’t get paid for our company reviews, and our ratings reflect the latest pricing data, financial ratings, third-party reviews, and policy options from each company. In addition to using reputable external sources, we also leverage a vast library of internal resources, data points, and insights from our own team of home insurance experts.
Our ratings and company reviews can point you toward an insurer that you can rely on to protect your home and livelihood, but the best homeowners insurance company is based on several different factors. A licensed agent at Policygenius can guide you through your home insurance quotes and help you get the right coverage at the best price.
Cheapest auto and home insurance bundles
When considering solely cost when comparing home and auto insurance companies to bundle your policies with, PEMCO is the cheapest option. According to our research, the average annual cost to bundle both policies is $1,306 per year — with an average bundling savings of 19%.
Insurance company | Average bundling cost | Average savings | |
|---|---|---|---|
PEMCO | $1,306 | 19% | |
Vermont Mutual | $1,484 | 25% | |
Island Insurance | $1,532 | 8% | |
$1,646 | 10% | ||
$1,663 | 23% |
Keep in mind that these are regional insurance companies that only work in a handful of states. If you don't live in a state that these insurance companies write policies in, look into regional insurance companies where you live — they're often able to pass on savings to consumers since they're serving a smaller group of policyholders.
18% of homeowners care MOST about bundling their home & auto insurance together
According to the Policygenius Home Insurance & Inflation Shopping Survey of 2023, around 18% of homeowners consider the ability to bundle their home and auto insurance with one company to be the most important factor when shopping for a policy. This isn't surprising, since you can often find the best deal thanks to special bundling discounts offered by most insurance companies.
How to compare the best home and auto insurance quotes
To bundle your auto and home insurance, the easiest way to get started is by using an insurance marketplace like Policygenius — we'll do all of the work for you.
Here's what you can expect during the bundling process with Policygenius and how to compare policies to find the best one for you:
Answer questions about your home and auto coverage needs. Then one of our licensed insurance agents will pull auto and home insurance bundle quotes from top companies for you to consider. They'll also help you figure out if you need more or less coverage, and give you advice about any additional coverage you might want to consider. All for free, with no impact to your credit score.
Compare rates, coverages, customer ratings, and financial strength. Comparing rates from multiple companies will help you ensure you’re getting the best coverage at the lowest price. You’ll also want to compare customer satisfaction and financial stability ratings along with the price to make sure you're not sacrificing quality just to save a few bucks.
Sign your new policies and pay your first premiums. Once you’ve chosen a company to bundle with, your Policygenius agent will fill out all of the paperwork you need to purchase the policies. All that you'll need to do is sign on the dotted line and pay your first premium.
Cancel your old policies. Once you’ve purchased your new policies and have a set date for when it will go into effect, it’s time to cancel your old insurance policies. Our Policygenius agents will walk you through this entire process — and fill out all of the paperwork for you.
Is it always cheaper to bundle your auto and home insurance?
Not necessarily. Every insurance company weighs factors differently when determining the risk of coverage, meaning the rates your home and car qualify for won’t be the same across the board. This is why it pays to compare quotes through an insurance marketplace like Policygenius. Our team of licensed insurance agents will crunch the numbers to help you find the best coverage at the lowest rates — whether that means bundling your policies or not.
Should you bundle your home and car insurance?
Bundling isn't for everyone — especially if you can get cheaper rates by sticking with two separate companies. Here's a handy guide to help you determine if it makes sense to bundle your policies together.
Get your bundle quotes through Policygenius
Policygenius prides itself on providing transparent, unbiased reviews of home insurance companies. Though we make money when you purchase a policy through our site, this does not affect our editorial independence and rigorous editorial standards.
