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What do peanut butter and jelly, macaroni and cheese, and home and car insurance all have in common? They’re all better together. With bundled car and home insurance, policyholders earn access to lower premiums, increased coverage and the peace of mind that comes with knowing that their family is always protected.

Today’s blog will provide an overview of bundling auto and home insurance and how it can help provide optimal savings and streamlined coverage. 

What is Insurance Bundling? 

Bundling insurance, also known as a multi-line discount, is the process of purchasing multiple policies with the same insurance company. Rather than having separate insurers for each insurance policy you own, you use the same provider, making everything insurance related, from filing claims to paying premiums, simple and convenient.

It can also save you money. Often touted as one of the best ways to lower your monthly or annual premiums, bundling typically provides policyholders with generous discounts, allowing them to reap the benefits of saving money without sacrificing any coverage. 

Home and auto insurance are the most common types of insurance that are bundled together. However, they aren’t the only insurance products that can be pooled together to provide policyholders with worthwhile advantages.

If you own a motorcycle, motorhome, or other recreational vehicles, you can also bundle them with your home to receive a discount. Here are a few examples of ways you can package your assets: 

• Multi-line: Bundle your home with your car, motorcycle, or recreational vehicle to become eligible for a multi-line discount.

• Multi-vehicle: Bundle two or more cars or two or more motorhomes to become eligible for a multi-vehicle discount.

• Car and recreational vehicle: Bundle your car with a motorcycle, snowmobile, or ATV to receive a car and recreational vehicle discount. 

Advantages of Bundling Auto and Home Insurance

Bundling your auto and home insurance provides major benefits. In fact, there are so many that we could probably write a book about them! But for the sake of brevity, we’ll stick with just a few that we think you’ll find especially useful.

While the focus of today’s blog is primarily auto and home insurance, many, if not all, of the advantages listed below, extend to bundling other insurance products. So whether you’re thinking about merging your home and auto insurance policies or your daily driver and coveted Harley Davidson, you’re going to want to take note of these benefits as they will likely apply to you.

Without further ado, here are several advantages of bundling to consider. 

Increased Savings 

Often cited as the main reason people partake in bundling home and car insurance, over time this integration can result in substantial savings. This is because insurance providers often provide generous discounts to customers who purchase multiple policies from them, which means that by bundling, you could potentially save on your premiums. How much you save depends on a few different factors, such as the provider, the types of policies you choose to bundle, and your location.

Simplified Insurance 

Life is hard enough as it is. If we can find a way to make something, anything, easier for our policyholders, we’re going to. That’s why we so highly value bundled insurance. Having multiple policies and payments with various insurance providers can become time-consuming and at times, even a bit confusing. With bundled insurance, on the other hand, you only have one account, with one insurer, which means one renewal date, one deductible and one easy payment. Having just one account makes it easier to stay on top of policies, payments and claims while also limiting how many places have access to your banking details.

It also simplifies the claims process. With bundled home and auto insurance, you can finally say good riddance to lengthy paperwork and speed up the overall time it takes to resolve your claim!

Peace of Mind with Streamlined Insurance 

Insurance can be a real headache. You’ve got to keep track of everything and fill out all the right paperwork while at the same time making sure you’re getting the most out of your coverage.

Bundling can help streamline things considerably. Instead of having to work with multiple companies, you can put all of your insurance needs in the hands of one provider whom you know and trust. This can help build better relationships between you and your provider, which will ultimately lead to better service overall. When you bundle your insurance needs together in one place, you can feel confident that each of your claims is in good hands. 

Maximum Convenience 

Convenience is key.

In today’s expeditious world, we all want things to be as simple as possible. We no longer have time to waste on juggling multiple accounts with different insurance companies. That’s why bundled home and auto insurance is so appealing– it allows you to merge both of these important aspects of your life into a single point of contact, and a single policy, that automatically covers you for everything, from your home to your car.

Billing is consolidated, coverage is coordinated, and time will be saved on processing claims. You don’t have to worry about keeping track of what each policy covers or who owes what; it’s all taken care of for you by a dedicated team who knows exactly how much coverage you need at any given time.

Enhanced Coverage 

When you bundle your insurance with one provider, you’re provided with more than just the coverage you need– you get all the features and benefits that come with it.

Many times insurance providers offer additional incentives to individuals who bundle multiple policies with them. You could be eligible for increased coverage limits, extended coverage options, or additional riders, which can further protect you and your assets. This enhanced coverage offers additional peace of mind and ensures that you have comprehensive coverage tailored to your unique needs. 

Increased Loyalty Discounts 

Insurance providers value loyal customers and they show their appreciation by rewarding that allegiance with incentives. As you continue to bundle and stay loyal, you may gain the opportunity to enjoy cost savings over time. Additional loyalty discounts may also be available, which helps reduce your premiums even more! With bundled home and auto insurance, there’s always more than one way to save. 

Customized Coverage 

When it comes to insurance, one size definitely does not fit all. Each individual is unique, and every person’s insurance needs are different. It comes as no surprise then that the best insurance policies are those that consider those differences.

That’s why here at Acumen, we think so highly of bundled insurance. Bundling offers insurance providers increased flexibility to customize policies so that they meet your specific needs, not just the average policyholders.

With bundled home and auto insurance, you can choose different coverage levels for each policy and tailor them to ensure they suit you, leaving you with a comprehensive insurance bundle that meets each and every one of your exclusive needs. 

Improved Insurance Security 

Life is unpredictable, and sometimes you have no choice but to file claims. Your roof may cave in, your home may flood, or your car may get totalled in an accident– whatever your claims may look like, they shouldn’t be used against you. That’s why you purchased insurance in the first place, right? To protect yourself in the event that something catastrophic happens.

Yet still for some policyholders filing too many claims can result in being dropped by their insurance provider. The good news is this risk is significantly diminished if both policies are under the same company.

When you have multiple insurance policies under one company, they’re more likely to look at each claim individually rather than as a whole. This means that even though you might have filed several claims over the years, they likely won’t be factored into whether or not you’ll continue receiving coverage from them. 

Things to Consider Before Bundling Your Home and Car Insurance

 Decide on Coverage

 Before you bundle your home and car insurance, take a minute to consider how much coverage you need. Think about how much it would cost to replace your home in the event it was destroyed by a fire or other disaster. How much would it cost to replace all of the possessions inside? How about the loss of your car? Remember, you can always increase your coverage as time goes on but you don’t want to be paying for more than you need.

Compare Costs

 Bundling discounts vary widely across providers. To ensure you’re getting the best rate, conduct thorough research before making a final decision. To start, compare the prices of bundled plans with the amount of coverage they provide. Then, look at the cost of separate policy premiums across multiple insurance companies.

Review Annually

 If you’re like most people, you probably don’t think too much about your insurance coverage. You know it’s there if you need it, but otherwise, you just leave it alone and let the professionals do their thing.

But here’s the thing: nothing stays the same forever. Things change at the flip of a hat, and even if those changes aren’t visible to the naked eye (yet), they can have monumental effects on how much insurance coverage you need– and whether or not your current policies are sufficient for those needs.

That’s why your insurance, whether bundled or unbundled, should never be on autopilot. At the very minimum, you should assess your estimates and adjust your coverage each year. And if it turns out that your current insurance is insufficient for what you want, or need don’t let that keep you from looking elsewhere– or making the appropriate adjustments!

 You Asked– We Answered: FAQs About Bundling Home and Auto Insurance

 We at Acumen Insurance Group are here to help you get the most out of your insurance. That’s why we’ve compiled a list of the top frequently asked questions about bundling home and auto insurance policies for you to review below:

Q: What information do I need to receive a home and auto insurance quote?

A: The more details you can provide, the more accurate an estimate you’ll receive. At the very minimum make sure to provide the following details:

• Driver: age, gender, location, driver history
• Car: make and model, year, features
• Home: location, age, build type and materials, square footage
• Coverage: limits, deductibles, types, add-ons

Q: How much will I save when bundling home and auto insurance?

 A: The answer to this question depends on the insurance provider, the type of insurance products you’re looking to bundle, limits, add-ons, and your claims history. However, the more you bundle, the more you save.

With Acumen Insurance you can expect to save up to 30% annually by bundling your services– and up to 40% if you throw your coveted motorcycle or other recreational vehicles into the mix!

Q: What types of insurance products can be bundled?

A: All your insurance policies, from home, auto, motorcycle, cottage, tenant, RV, boat, watercraft, and snowmobile can be bundled.

There are also various combinations of bundling. (multi-line, multi-vehicle, multi-property).

 Take advantage of bundling and start saving with Acumen Today!

 Acumen is here to make your life easier, and it all starts with bundling your home and auto insurance.

When you bundle your insurance policies with Acumen, you’ll have the opportunity to work alongside a team of professional brokers that understand your coverage needs as a whole. This means that when it comes time for renewal, we’ll be able to help you get the best deal possible on both accounts.

Plus, bundling also gives you the convenience of having only one point of contact for all your policy needs– so you don’t have to worry about making multiple phone calls or emails every time something comes up!

Contact us today to learn more about how you can save by bundling your home and auto insurance with Acumen.