Insurance protects your most valuable assets from the unexpected, but that doesn't mean you want to pay more than necessary. Fortunately, insurance companies offer significant discounts to customers who purchase more than one policy. If you’re shopping for auto insurance, adding renter’s or homeowner’s coverage to the quote could save hundreds of dollars per year.

A Guide to Bundling Policies

Why Insurers Offer Bundling Discounts

Insurance companies want every customer to purchase as many policies as possible, so bundling discounts helps build their base. While home and auto insurance bundles are common, many insurers also offer lower rates for combining other policies like personal property, recreational vehicle, and liability insurance. This arrangement allows them to build their customer base while lowering your out-of-pocket costs.

How Much Can You Save?

Insurance rates vary from one insurer to the next, and discounts are no different. Depending on the value of your property, your claims history, and the types of coverage you buy, your insurance agent may be able to shave 15%-20% off your bill.

Other Benefits of Bundling Policies

While the savings are an immediate benefit of getting all your coverage under one roof, bundles are also more convenient if you have to file multiple claims. For instance, if a tree falls through your garage, damaging your house and your car, you’ll probably have to file claims under both your auto insurance and your homeowner’s policy. Having both assets covered by the same company allows you to handle both through the same agent and adjuster.

Since 1969, the agents at Sweeney Insurance Agency in Kodiak, AK, have been helping clients throughout Alaska get the protection they need at the best prices possible. Because they’re an independent agency, they work with a wide range of industry-leading and local carriers and will compare policies and discounts to find the option that’s right for you. Visit their website to learn more about their auto insurance and other products, get tips and advice on Facebook, or call (907) 486-3101 to request a free quote.