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Pros and Cons of Bundling Home and Auto Insurance

When you’re in the market for a new insurance policy, it only makes sense to explore all of your options! You may have discovered that most insurance companies will offer you the chance to bundle both your home and auto insurance. Is this a good idea? Check out the pros and cons of bundling versus keeping your policies separate.  

Pros of Bundling Your Insurance

Save on Your Monthly Premium

The main reason most individuals decide to bundle their insurance is to save money. You could save up to 25% when you simply purchase a bundle from one insurance provider!

Pay One Deductible

Sometimes disaster can strike and impact both our home and our vehicle. With multiple policies, you’ll have to pay multiple deductibles. On the other hand, a bundled policy means that only one deductible has to be paid before your payout is given. 

Simplify Your Bookkeeping

If you want to make it as easy as possible to keep track of all of your insurance accounts, bundling them with one provider will be the easiest way to do so. That means one less app and one less password to keep track of!

Minimize Your Chances of Being Dropped

You may have heard stories about individuals being dropped from their insurance policies because of a series of repeated claims. The best way to reduce your chances of that happening to you is to bundle multiple policies together to strengthen your leverage. 

Cons of Bundling Your Insurance

You Can’t Get Lazy!

While you certainly can save money by bundling home and auto insurance, you shouldn’t assume that you automatically will. Be sure to do your due diligence and shop for both individual and bundled policies. If you can end up saving money and maintaining sufficient coverage by keeping them separate, this will naturally be in your best interest. 

Be Sure to Read the Fine Print

Insurance companies may provide competitive offers, but you’ll want to make sure they’re not simply farming out your policies to multiple providers. One of the biggest advantages of bundling your insurance is the simplicity that it brings. If your insurer ends up enlisting the services of multiple providers, that simplicity will evaporate. 

Bundle Your Home and Auto Insurance with Freedom Insurance

We offer comprehensive, customized coverage from numerous major insurance carriers and make it easier than ever to find affordable policies that are exactly what you need. We have been serving clients throughout the greater Howard County and Carroll County areas since 1979, and we look forward to helping you and your family thrive. Get in touch today by calling (410) 795-2000 or requesting a free quote.