The Benefits of Bundling Insurance Policies

Have you ever wondered how you can save money on your insurance without raising your deductible or lowering your coverage? Or, have you recently bought a home and need homeowners insurance in addition to your existing car insurance policy? Bundling your insurance policies may be the solution you need.

Does bundling insurance policies save money? Perhaps you have heard that bundling insurance policies can potentially save you money. However, having multiple policies with one insurance provider can also provide other advantages that make managing your insurance policies easier. Check out our list of the benefits of bundling insurance policies to learn if bundling is right for you. See if your policies qualify for a bundle deal by giving us a call at 800-640-2920 today.

Should I Bundle Home and Auto Insurance?

Is it better to bundle home and auto insurance? The answer is generally yes. Here are some of the many benefits of bundling insurance:

Does Bundling Insurance Save You Money?

Perhaps the most commonly mentioned of the benefits of bundling insurance policies is the possibility of saving money, especially on car insurance. It’s pretty easy to see why, too. The savings when bundling homeowners and auto insurance are usually significant. Just like a multi-car discount on your auto insurance, having multiple policies through one insurance company can help reduce your premium costs.

How much does bundling insurance save? You could save up to 20% on your homeowners premium when you bundle a Wawanesa home and auto policy.

Direct savings thanks to bundling are just a part of the benefits. With the savings you receive by bundling homeowners and auto insurance, you might be able to increase your coverage. Let’s say you have a car insurance policy and you want to add an optional coverage, such as collision coverage. Without bundling, this could increase your premium to more than you’d like to pay. You can potentially save enough through bundling to add that extra coverage and still have an affordable premium.

The easiest way to find out if our bundling program can save you money is to give us a call at 800-640-2920. You’ll get connected with one of our expert quote specialists who can help you design the home and auto bundle that works best for your family.

Does Bundling Insurance Save You Time?

In addition to money, bundling insurance saves time. Many people purchase their insurance policies as they need them instead of all at once. After all, you might be buying a car when you’re 16 and use your parents’ car insurance provider. You decide to keep that company for auto insurance even as you get older. When the time comes for you to buy a home, you pick a different insurance carrier for your homeowners' insurance. All of a sudden, you have two very important insurance policies managed by separate companies.

With two different companies providing coverage, you’re potentially inviting a lot of hassle into your life. Here’s where the benefits of bundling with one insurance provider come in:

• One call to update your address or make policy changes.
• One agent handles your account.
• Only one password or login is needed for online portals.

Instead of contacting multiple companies, you can quickly and conveniently call a single representative to take care of all of the administrative aspects of your insurance policies. Call us at 833-532-0963 today to get started on your home and auto bundle.

Bundling your policies might also provide a great chance to look at your current coverage and see if it still meets your needs. Insurance policies that you’ve had with different companies for many years may need to be reviewed to check that they’re still providing the coverage you want. If they’re not, it may cost you significantly more to increase the coverage on each individual policy than it would to get the coverage you need with a bundle deal from one provider.

Options for Coverage

Insurance policies are not one-size-fits-all. Your options for coverage may be tailored to your individual needs. While auto liability insurance is necessary to drive in the U.S., you may opt for:

• Collision: No matter who is at fault, this type of coverage will help pay for repairs or replacement of your vehicle in the event of an accident.
• Comprehensive: Not all damage happens in a motor vehicle crash. This type of coverage repairs or replaces your car when damage occurs due to theft, vandalism, storms, fires, or other causes.
• Auto Medical Payments: This coverage helps you pay for medical bills and related expenses for all occupants of your vehicle at the time of an accident. Such medical payments are not limited to car accidents per se but also cover you and your family members if hit by a car while walking or biking.

Coverage options can vary by state, may include different limits, and might require an associated deductible.

How Do I Bundle My Insurance Policies?

Bundling insurance policies is easy! All you have to do is receive quotes and purchase two types of policies, such as auto and home insurance, from the same company.

This allows you to bundle your insurance policies. While some insurers do not offer bundling, the majority do.

When Should I Bundle Insurance Policies?

There’s no wrong time to bundle your homeowners and auto policies. In fact, the sooner you bundle policies, the sooner you can see potential savings. However, some life events present an opportunity to look into bundling your policies.

For example, it might make sense to bundle your auto insurance with homeowners insurance if you’ve just purchased a new home. Buying a house is a huge investment and is generally an exciting experience. Looking for homeowners insurance, however, may be the last thing on your mind.

Planning to bundle your policies can make shopping for homeowners insurance much easier. Instead of browsing through multiple companies and offers, you can contact your existing insurance representative for a quote on bundled homeowners and auto insurance.

Additionally, if you’ve recently gotten married, it may be a good idea to look into the benefits of bundling your insurance policies. Newlyweds may already be looking to combine their car insurance policies into one, and many couples are also looking to buy a house if they haven’t already done so. You can make the process of consolidating your insurance policies even more convenient by bundling your car and homeowner's policies.

Discounts With Your Insurance Partner

Having an insurance provider that recognizes customer loyalty is often overlooked when people are shopping for insurance. Building a strong relationship with your insurance company, however, can help you have a better insurance experience. When your insurance policies are with one company, your representative gets to know you and can make coverage suggestions based on your needs.

Instead of an impersonal interaction, your insurance company can provide you with a bundle deal tailored to your family. You might even qualify for special discounts, which can save you even more in addition to bundling your policies.

Discounts may include:

• Good Driver Discount: You may qualify if you have been licensed for at least three years, have had no DUIs for 10 years, and have had nore more than one violation point or no more than one at-fault accident that resulted only in damate to property in the past three years.
• Multi-Car Discounts: Simply insure more than one vehicle to qualify!
• Mature Driver Improvement Course Discount: This discount is available to those 55 and over who have completed a mature driver improvement course approved by the California DMV.
• Affinity Discount: At Wawanesa, we partner with various groups, such as the California Coast Credit Union. If you are a member of an affinity group, you may receive a discount.
• Loyalty Discount: We appreciate our loyal customers! If you stay continuously renewed with Wawanessa for one year, you will automatically receive our loyalty discount.

See How Much You Can Save by Bundling

Bundling can do a lot more than save you money on your insurance premiums. Financial savings, however, are still one of the best parts of bundling home and auto policies. With Wawanesa, you can save up to 20% on your homeowners premium by bundling. Visit our bundling page to learn more about bundle deals, and give us a call at 800-640-2920 today to see just how much you could save!