Progressive offers a multi-policy discount for customers who combine home, auto, motorcycle and many other types of insurance. You can save an average of 5% if you combine home and car insurance with Progressive (the savings apply to your auto policy). New customers can save 20% on average. If home insurance is more expensive than car insurance, the package will likely save you more money.
Ask if the insurer uses an outside insurance company (sometimes called an affiliate) for any of the policies you want to bundle. Therefore, since home insurance policies are typically higher than those for car insurance, discounts on homeowners insurance tend to be higher. Look for quotes regularly because the cost of home insurance and the cost of car insurance can change from year to year. In many cases, you can get a multi-policy discount if you combine two or more policies, even if they aren't home or car insurance.
However, if you have driving record violations, bad credit, or you live in a state with high auto insurance rates, your car insurance could easily be the most expensive policy. The table below shows the 10 largest auto insurance companies by market share, according to the most recent data from the National Association of Insurance Commissioners, and all offer discounts for multiple policies. If you can bundle your insurance policies, it's worth considering to help you save on insurance costs and make it easier to access your policies. Having your insurance policies in one place can make administration easier, including checking coverage, updating coverage, asking questions about your policies, finding insurance documents, and even filing claims.
If you've filed car insurance claims or received fines, having other policies with the same company can reduce the chances of your insurer withdrawing you due to those incidents. With each discount, homeowners insurance becomes more affordable, so you can also receive a multi-policy discount with your home insurance company, in addition to the multi-policy discount that applies to your auto insurance when combining home and car policies.