Unity has always been an attractive proposition. This is especially true when it comes to our finances. When we can combine multiple services and products into a single package, we save money in the process and simplify our lives. Bundling your home and auto insurance is one example of this money-saving strategy.
Everyone is well aware of the perks that homeowners insurance companies in Texas provide, but what many people don’t know is that bundling your home and auto insurance can give even more benefits. Bundling discounts are often known as multiple discount policies. It is a popular way to save money on your car and home insurance. When you have both policies under the same carrier, you can usually save around 15 percent off your total premiums. Once you find the best home and auto insurance plans that satisfy your needs, you can save hundreds of dollars by bundling them together. In addition, significant discounts from each of the individual policies will tend to bundle them together.
Let’s understand the exact benefits insurance providers serve by bundling the insurance plans.
Point out the benefits of Bundling Your Home and Auto Insurance:
Bundling the home and auto insurance in Texas can reduce the complexities involved as both insurances are handled under a single carrier. Hence, it provides many conveniences in handling the coverages and increases savings by offering significant discounts. Other such benefits are scripted herewith:
Advantages of Bundling Your Home and Auto Insurance:
- When you bundle your home and auto insurance, you only have to deal with a single insurer instead of two. This makes it much easier to manage your policies and file claims.
- Also, the complexity involved in dealing with multiple insurance products was reduced since only one single online account is to be managed for bundled plans, and processing via one mobile application (if any) is a lot more relief.
- Bundling your policies can save your money on your premiums and your deductibles. In most cases, you can save up to 15% on your premiums by bundling. However, deductibles are also not holding back. In case of any event where vehicle and home are damaged under the single coverage, you are qualified for only one deductible. Hence, you need not be required to pay the deductible twice, and this is how you can save money.
- One consolidated bill is raised by homeowners insurance companies covering both policies. You will receive only one billing invoice towards your bundled approach on each billing cycle.
- Bundling your home and auto insurance makes it easier to keep track of all your insurance policies in one place. This can be very helpful if you need to file a claim or change your coverage.
Disadvantages of Bundling Your Home and Auto Insurance:
- It will not be possible where every auto insurance company will provide the bundling option or vice versa. Hence there are chances that the bundling option might lapse.
- If you have particular specific needs for your homeowner’s insurance policy in Texas, there are chances that you cannot avail bundling options. Suppose you are in high-risk areas where personal liability or scheduled personal property coverage is a priority, then availing such insurance coverage, in that case, you may not avail bundled auto policy.
- Probably there are chances that you might need to compromise with the bundling rates. Though your current insurer may allow bundling both the policies, it does not mean that you are getting the best rates available in the market. Also, bundling policies may hamper you while you go shopping for them in the market as you search for a single carrier offering both the policies at the best price and discounts available.
How to bundle home and auto insurance policies?
When bundling both policies, you need to consider that it is pretty easy. Although the specifics of the process may vary from one insurance company to another, the general steps are usually the same. So here’s how to bundle your car and home insurance in four easy steps:
Decide what you want from your insurer
The first step is to decide what you want from your insurer. What are your priorities? Do you need lower rates, a highly rated mobile app, more comprehensive coverage, or both? Once you know what you’re looking for, it will be easier to find an insurer that meets your needs.
Get quotes from different insurers
Next, get homeowners insurance quotes from different insurers offering bundling discounts. This will give you a good idea of what other companies charge for the same coverage.
Compare quotes and choose an insurer
Once you have your quotes, compare them and choose the best one. Also, review them thoroughly. All the details and premium payment and terms and conditions are such that it fits your needs or not. Remember to consider the price and the company’s reputation, and customer service record.
Sign up with the insurer
Once you’ve chosen an insurer, sign up and provide the necessary information. To purchase the policy, you may need to provide your car’s registration, proof of insurance, and contact information for your home.
Cancel the existing policies
If you already have home and auto insurance policies from different carriers, it is suggested to cancel those policies as now under bundling policy; you will place them under a single page.
That’s a Wrap!
Now when you witness by yourself the benefits of bundling your home and auto insurance, you would be inclined to do the same. The price will be lower, and you have the convenience of just one bill to pay at every billing cycle. There are many other reasons why bundling your insurance is a great choice that you already read about and can still read further, but this should be convincing enough for now.
Without further ado, get in touch with the insurance agents of El Paso, Laredo, McAllen, and Corpus Christi and start proceeding towards the bundling option.
