Homeowners and car insurance have at least one thing in common — rising premiums.
The average cost of auto insurance jumped 18% between January and the same month last year, according to data from the insurance comparison platform The Zebra. Thankfully, many providers offer discounts when you get both homeowners and auto insurance, a strategy called bundling.
But you don't have to stop with just car and homeowners insurance: Some providers will let you add life insurance, renters insurance, pet insurance and even specialty plans, like boat, RV or motorcycle insurance, and save even more.
We've selected the providers with the best home and auto insurance bundles, based on discount amount, coverage, nationwide availability and more. For more on how we made our selections, see our methodology.
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Best for large discount: State Farm
State Farm Auto Insurance
Cost
The best way to estimate your costs is to request a quote
App available
Yes
Policy highlights
State Farm is one of the largest auto insurers in the U.S. based on market share. It has an excellent reputation for customer satisfaction and offers discounts for safe driving and young drivers.
Terms apply.
Read our State Farm Auto Insurance review
Who's this for? Want to maximize the benefits of bundling? State Farm's multi-policy discount averages nearly 25% off car and home insurance. That's the biggest auto-home combo we've found.
Bundling discount: State Farm offers numerous money-saving discounts, including up to 20% off for insuring two or more vehicles on a single policy.
Best for mix-and-match bundling: Amica
Amica Auto Insurance
Cost
The best way to estimate your costs is to request a quote
Policy highlights
Amica offers a variety of auto insurance policies to fit your coverage needs. The company also offers a total of 18 discounts, including discounts for bundling and for students.
App available
Yes
Who's this for? While car-and-home bundle discounts are common, Amica has discounts when you combine auto insurance with different kinds of policies, including renters insurance and life insurance. The more you add, the more you save.
Bundling discount: You can save up to 30% when you bundle Amica auto insurance with home, umbrella and life insurance policies. Not all companies offer these three types of insurance, so it's a nice opportunity to make managing your policies easier. Additionally, Amica's discount is on the higher end.
Best for speedy claims approval: Lemonade
Lemonade Auto Insurance
Cost
The best way to estimate your costs is to request a quote
App available
Yes
Policy highlights
Lemonade offers coverage for a variety of scenarios, including: car crashes, highway stalls, damage from fire, vandalism and weather, damaged glass and windshield, if you're sued for liability and if your car gets stolen
Terms apply.
Who's this for? You can file claims quickly on Lemonade's easy-to-use app or website. The digital provider boasts that its proprietary AI technology enables some claims to be settled in just seconds.
Bundling discount: Customers with another Lemonade policy, including pet insurance, term life, condo insurance or renters insurance, can get 10% off car insurance.
Best for personalizing coverage: Farmers Insurance
Farmers Auto Insurance
Cost
The best way to estimate your costs is to request a quote
App available
Yes
Policy highlights
Farmers Insurance offers 23 discounts for auto insurance and issues policies in every state except Alaska, Delaware, Hawaii, Maine, New Hampshire, Rhode Island, Vermont, West Virginia and Washington, D.C.
Terms apply.
Read our review of Farmers car insurance
Who's this for? Farmers Auto Insurance is a great choice for drivers looking for additional coverage. It offers optional add-ons like new car replacement, accident forgiveness, custom equipment coverage and rideshare insurance.
Bundling discount: According to Farmers, customers can save up to 10% on each policy when they bundle home and auto.
Best for availability: Nationwide
Nationwide Auto Insurance
Cost
The best way to estimate your costs is to request a quote
App available
Yes
Policy highlights
Nationwide offers near-nationwide availability and personalized services, such as On Your Side® Review, a free annual insurance evaluation to ensure you are adequately protected and are taking advantage of any discounts available to you.
See our methodology, terms apply.
Who's this for? Nationwide issues car insurance in states across the U.S. except Alaska, Louisiana and Massachusetts. What's more, homeowners policies are available everywhere except Alaska, Hawaii, New Mexico, Louisiana and Florida.
Bundling discount: Nationwide's bundling discount can save customers up to 15%, according to its website.
Best for military members and veterans: USAA
USAA Auto Insurance
Cost
The best way to estimate your costs is to request a quote
App available
Yes
Policy highlights
USAA's auto insurance is limited to service members, veterans and their families but it is available in all 50 states and Washington D.C. In addition to low rates and outstanding customer service, it has coverage options for unique circumstances, such as active deployment.
Terms apply.
Who's this for? USAA is tailored to the needs of military families, with coverage for uniforms and equipment, discounts for cars stored on base and a waived home insurance deductible for property lost or damaged in combat.
Bundling discount: Bundling home and auto insurance from USAA can save you up to 10%, according to the company's website.
Bundling discounts
| Company | Car and home bundling discount |
|---|---|
| Geico | Varies |
| Lemonade | Up to 10% |
| State Farm | Up to 20% |
| Farmers | Up to 10% |
| Nationwide | Up to 15% |
| Amica | Up to 30% when you bundle auto, home, umbrella and life insurance |
| USAA | Up to 10% |
How to bundle home and auto insurance
Bundling insurance policies isn't complicated, but it's important to avoid penalties or a lapse in coverage.
Decide on the coverage you need: Research home and auto insurance companies with bundling discounts and pick several that meet your priorities — whether it's cheaper rates, lower deductibles, higher coverage limits, fewer exclusions or something else.
Compare rate quotes: Make sure you apply the same coverage and limits to all the options you investigate. Note the cost of premiums, the amount of the bundling discount and any requirements or limitations.
Check your existing policies: If you already have home and auto insurance, consider the timing of ending your current policies. Some insurers may require 30 days' notice or charge an early termination fee.
Start your new policies: To avoid a lapse in coverage, your new policy's start date should coincide with your current policy's end date. If you have a mortgage, you may need to notify your lender about a change in homeowners insurance.
Cancel your existing policies: In most cases, if you cancel your plan before the end of your term, you'll receive a pro-rated refund.
Pros and cons of bundling insurance
- Bundling can lower the cost of your home and auto insurance.
- Using the same company makes it easier to review your policies, pay premiums and file claims.
- If something happens to both your home and your car, some insurers will waive the lower of your two deductibles.
- One company might not be the cheapest for all the policies you need.
- Bundling could make you less likely to shop around for a better deal in the future.
- Not every insurer offers the same add-ons available that you might need, like gap insurance.
FAQs
How does bundling home and auto insurance work?
Bundling means purchasing more than one insurance policy from the same provider. A home-and-auto bundle, for example, would mean getting homeowners and auto insurance from the same company. Most insurers offer a rate reduction for having multiple policies, which can be referred to as a bundling, multi-policy or multiline discount.
Does bundling insurance save money?
Bundling insurance policies can typically help you save you money on monthly premiums. However, it's not always the cheapest option. You may pay less using two different companies, even without a discount. Getting rate quotes from multiple companies can help ensure you're getting the best deal.
How much do you save by bundling insurance?
The size of the discount depends on the provider, how many policies you bundle and the policies. The largest discount we've found is 25% for bundling State Farm Personal Auto Insurance SPL LP">car and homeowners insurance with State Farm.
Does Progressive offer a bundling discount?
Progressive offers a multi-policy discount for customers who bundle auto, home, motorcycle and many other types of insurance. Customers save an average of 5% when they bundle, according to Progressive.
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Why trust CNBC Select?
At CNBC Select, our mission is to deliver high-quality service journalism and comprehensive consumer advice to our readers, enabling them to make informed financial decisions. Every insurance review is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of insurance products. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content independently of our commercial team and any outside third parties, and we pride ourselves on maintaining high journalistic standards and ethics. See our methodology for more information on how we choose the best home and auto insurance bundles.
Our methodology
To determine which home and auto insurance bundles are the best, CNBC Select analyzed dozens of U.S. insurance companies that offer multi-policy discounts.
When narrowing down our choices, we focused on the following features:
- Bundling discount: We reviewed both the percentage discount available for bundling and the types of policies that could be bundled.
- Cost: While premiums vary, we gave more weight to companies that had more affordable base rates.
- Availability: Companies that were available in more states were given additional weight.
- Policy coverage: Standard policies tend to include coverage for structural damage, personal property loss or damage, personal liability and medical payments to others. Some companies may also include water damage, water backup and high-value items as add-ons for extra coverage.
- Customer satisfaction: We reviewed companies' ranking on J.D. Power customer satisfaction surveys and the volume of complaints reported to the National Association of Insurance Commissioners. We also considered a carrier's Better Business Bureau grade.
- Signup process: We considered whether an insurance company offered a convenient online enrollment process and clear directions for receiving a bundling discount
We also considered CNBC Select audience data when available, such as general demographics and engagement with our content and tools.
Based on these criteria, the companies with the best auto and home bundles are:
- Best for large bundling discount: State Farm
- Best for mix-and-match bundling: Amica
- Best for speedy claims approval: Lemonade
- Best for personalized coverage: Farmers Insurance
- Best for availability: Nationwide
- Best for military members and veterans: USAA
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