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If you’ve just bought your first home or your teenager is getting ready to drive, then you’re probably navigating the world of insurance and trying to find the best discount. One tactic many people use is bundling policies like home and auto insurance with the same insurance group. But is bundling really worth it? The guide below offers three ways you’ll benefit by carrying multiple policies with the same provider.

What Are the Benefits of Bundling Your Insurance?

1. Combined Deductible

When you have to make a claim, the deductible is the amount that you’ll pay out of pocket first. By bundling your insurance, you get the benefit of a combined deductible. That means if someone sideswipes your car and you have a break-in the same week, you won’t have to fork over the money for two deductibles. That wouldn’t be the case if you split your insurance between multiple providers.

2. Cost Savings

auto insurance-Mountain Grove-MOThe deductible isn’t the only area where you’ll see a financial benefit. You’ll also pay less in monthly premiums. To incentivize bundling, many providers offer anywhere from a 5-25% premium reduction on each policy. Considering that the average yearly auto insurance policy costs over $1200, a discount can save you a lot of money over time.

3. Less Management on Your End

Insurance is there for your peace of mind and financial protection, but if you’re juggling policies from multiple providers, it might feel like more of a hassle. Bundling with the same provider makes tracking your policies and completing payments much easier. If you ever need to change a policy or have questions, you have a single point of contact for all your insurance needs. Simplify your life by bundling today.

 

Ready to bundle your insurance policies and get coverage tailored to your lifestyle? Call (417) 926-7900 to speak with Steven Hall of Farmers Insurance Group in Mountain Grove, MO. Since 1928, we have offered home, life, agriculture, motorcycle, and auto insurance. To learn more about our policies and get a quick, no-obligation quote, visit us online.

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