Most people who need homeowners insurance for a new house also have a car or two that they need to insure. Insurance companies know this, which is why many offer discounted rates and other perks for bundling your home and auto insurance.
Insuring your home and car through the same company often comes with the convenience of only having to make one monthly payment for multiple insurance policies, a single policy deductible on damage or losses involving both your home and car, and significant policy savings. Customers have saved an average of 35% compared to their existing policies after re-shopping with Policygenius, but some insurers offer cheaper rates for bundling than others.
Find out which company offers the best and cheapest home and auto insurance in 2023.
Who has the cheapest home and auto insurance?
Progressive has the best overall home and auto insurance bundle for both savings and policy perks, while Encompass provides the biggest bundling discount. If you’re looking for the cheapest home and auto quote, Stillwater is the insurer for you.
Progressive - Best overall home and auto insurance bundle
Encompass - Best bundling discount
Stillwater - Cheapest quote
Company | Rate without bundle discount | Percent discount | Rate with bundle discount | Savings |
|---|---|---|---|---|
$3,610 | Up to 35% | $2,346 | $1,263 | |
$2,779 | Up to 35% | $1,806 | $972 | |
$2,896 | Up to 30% | $2,028 | $869 | |
$2,873 | Up to 25% | $2,154 | $718 | |
$3,657 | Up to 22% | $2,853 | $805 | |
$2,926 | Up to 20% | $2,341 | $585 | |
$2,744 | Up to 20% | $2,189 | $556 | |
$3,115 | Up to 15% | $2,648 | $467 |
Average annual cost based on an analysis of quotes submitted with Policygenius for a home with a replacement cost of $300,000 and a $1,000 deductible. Auto insurance rates are based on the National Association of Insurance Commissioners’ 2018 national average. Learn more about the methodology for our insurance company reviews here.
Progressive: Best overall home and auto insurance bundle
If you’re looking for a combination of savings and perks for bundling your home and car insurance policies, Progressive offers by far the best multi-policy package. With Progressive, you can save up to 30% on home and auto bundles, and if you ever need to file a claim for property damage involving your car and house, you only have to pay one policy deductible for the loss.
Encompass: Best bundling discount
By bundling your home and auto insurance with Encompass, we’ve found that you can save up to 35% on coverage. Although the Allstate subsidiary’s average annual premium is quite a bit higher than the industry average, you can trim those rates substantially by bundling.
Stillwater: Cheapest quote
If you’re looking for affordable coverage for your home and car, look no further than Stillwater. With an $1,806 average annual premium, Stillwater provides the cheapest home and auto insurance bundle of any Policygenius insurer.
How to find affordable home and auto insurance
To find the most affordable home and auto insurance, you’ll want to keep a few things in mind to ensure you’re maximizing your savings.
1. Compare bundles from multiple insurers
Shopping for coverage using an insurance marketplace like Policygenius is a good way to ensure you’re not missing out on any deals. Be sure to compare bundling rates from at least three different home and auto insurance companies.
2. Consider mixing and matching policies with different insurers
Bundling home and auto insurance often means lower rates, but in some cases it might be cheaper to purchase your policies through different insurance companies. Don’t always assume you’re getting the best rate when you bundle.
3. Raise your policy deductibles
Your deductible is the amount you pay out of pocket after a loss before your insurance kicks in. A higher deductible could mean significantly cheaper insurance premiums, but higher out-of-pocket expenses in the event of a claim.
