The Best Multi Policy Insurance Companies

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Insurance bundling — also known as the multi-policy discount — is one of the best and easiest ways to save money on home and auto premiums. Policyholders who take advantage of this bundling option save hundreds every year. They can also manage their policies in one place easily. But not every insurance bundle is created equal. And, more importantly, bundling isn’t the best option for everyone. 

This article covers the best multi policy insurance companies so you can get a clear idea of the available options. We also discuss the advantages and disadvantages of bundling. Plus, we highlight common pitfalls so you can avoid them. 

Ready? Let’s go!

Key Takeaways

  • Bundling home and auto insurance saves drivers between 10 and 20 percent on their premiums — $300 to $600 annually. 
  • Several large insurers offer many bundling options, and policyholders can generally bundle any insurance product purchased with the same provider. 
  • Smaller regional insurers, such as Erie Insurance and Indiana Farm Bureau, can offer better multi-policy discounts than the larger companies but have fewer bells and whistles. 
  • Comparing insurance bundles before buying is the best way to know you’re getting the right policy for the lowest cost. 

The Best Multi Policy Insurance Companies

Multi-policy insurance products lead to significant savings for policyholders, but insurance companies win big too. First, bundling attracts customers with multiple policies, which makes each customer all the more valuable to the insurer. Second, multi-policy customers are more likely to stay with their current insurer longer. It’s no wonder insurance companies compete to offer great rates and quality service to those who bundle their policies. 

Below, we’ve gathered the best multi-policy insurance companies in the nation and provided the pros and cons of working with each company. 


AAA is well known for its emergency roadside assistance program, but the company also offers home and auto policies to its members. Customers who love AAA do so because of the vast number of perks and benefits, such as the Auto Club. It also has an easy to navigate website and mobile app. Those who bundle save almost 16% on car insurance and up to 20% on homeowner’s insurance. This is slightly higher than the national average. 

On the downside, AAA only has average customer satisfaction scores and lower-than-average claims satisfaction, according to J.D. Power. The National Association of Insurance Commissioners (NAIC) has also found higher-than-average customer complaints filed by insurers. 


Allstate offers highly customizable insurance policies for cars and homes. Homeowners can purchase flood insurance and other special coverages through Allstate, making it even easier to manage everything in one place. And, though not the highest-rated company on this list, Allstate received average marks for claims and customer satisfaction, plus fewer-than-average customer complaints. 

While there are savings to be found, Allstate offers one of the lowest bundling discounts on the list. And the company tends to offer rates higher than most others on this list. Perhaps that’s because the Allstate discount program is relatively small. 

American Family

When working with American Family, you’ll find many discount options and insurance products. That includes one of the more generous multi-policy discounts — up to 29% off auto and 20% off home insurance. And the company offers 25 insurance products that policyholders can use to bundle. All this comes with an easy-to-use website, mobile app, and responsive customer service team. 

There are some tradeoffs to choosing American Family, notably the scant coverage options available to customize your policy. And, though homeowners report very high customer satisfaction, customers insuring vehicles do not seem as impressed.

Auto-Owners Insurance

Most drivers save between 10 and 15 percent bundling with Auto-Owners. Combine this with the already lower-than-average rates and more than 20 additional discounts, and you can see why this insurer is often one of the least expensive. The company also boasts high customer satisfaction and claims satisfaction scores. And, if your home and car are damaged in the same event, you get to pay a single deductible. 

On the downside, Auto-Owners isn’t available everywhere (25 states in all). It has mediocre technological features (website, app) and comparatively fewer self-service options. For example, customers cannot file a claim online. 


In general, Erie Insurance is one of the best-rated and most affordable insurance companies around. They offer a considerable bundling discount of nearly 20 percent for most customers. And they offer Rate Lock, which allows customers to lock in their car insurance rates even if they make a claim. 

On the other hand, Erie offers relatively few insurance discounts and, despite high satisfaction ratings, has received a larger number of customer complaints compared to the average. Lastly, Erie is available in limited states since it’s a regional insurer. 

family putting hands in shape of a roof to represent homeowner's insurance


Farmers Insurance offers more home and auto discounts than most other insurance providers — 36 at the time of this writing. They also provide a higher-than-average multi-policy discount and allow customers to bundle auto insurance with home, life, umbrella, specialty, and small business insurance. And they offer an excellent website and mobile app, making it easy to manage your policies. 

Though the company has fewer-than-normal customer complaints, it has one of the lower claims and customer satisfaction scores. It also only offers some insurance products everywhere. For example, you can’t purchase Farmers home insurance in South Carolina, and you can’t buy any policy in Alaska. 


Available nationwide, GEICO is well-known for offering rock-bottom rates to its customers. Plus, it provides an array of insurance products and coverage options to ensure each policyholder gets what they need. And you’ll find a highly-rated website and mobile app where you can easily adjust and manage your policy when necessary. 

Despite offering some of the best rates and discounts in the country, customers rate the company as average for claims and customer satisfaction. And though the company has an average number of customer complaints, it’s still higher than several insurers on this list. 

Indiana Farm Bureau

IFB is known for having the most generous multi-policy discount in the country — up to 28 percent savings. The company offers several insurance products you can bundle, including life, business, renters, umbrella, and farm and crop coverage. This company is an excellent choice for people who want highly personable service from a local provider, which may be why the company boasts a high claims and customer satisfaction rate. 

As a regional insurer, IFB is only available for Indiana residents. But it’s part of a network of insurance companies known as the Farm Bureau. Drivers in Georgia, Missouri, North Carolina, Texas, and Virginia can find sister insurers with similar discounts (but not the same). 


With the Package Plus program, policyholders receive both a multi-policy discount and additional coverage perks at Kemper. Plus, they’ll have a lot of opportunities to bundle insurance products here, even if the company isn’t forthcoming about how large a bundling discount they will offer. The company is known for providing both lower rates in general and to drivers with minor traffic infractions on their records. 

Unfortunately, Kemper lacks a highly-functional mobile app and website, which makes it difficult to self-manage policies. And though there are a healthy number of discounts, the (typically significant) discount for telematics programs is notably absent. 

National General

To be upfront, National General is one of the lowest-rated companies for claims and customer satisfaction on this list. And the company doesn’t offer a mobile app, making it all the more time-consuming to self-manage your policy. But, for drivers with a troublesome driving record, National General offers a great option. 

The company specializes in insurance policies for high-risk drivers, which also means they offer this driver pool some of the lowest rates. If you’re a driver who needs an SR-22 filed on your behalf, this company needs to be on your radar. And you can find even more savings when you bundle home and auto. 

Benefits of Bundling Home and Auto Insurance

family leaving their home to get in the car

The multi-policy discount is well-known for providing a steep discount to policyholders year after year. But it offers more than reduced premiums. And, of course, it comes with some tradeoffs. Below we outlined the advantages and disadvantages of bundling your home and auto insurance, so you can clearly understand if it’s right for you. 

Pros of Multi-Policy Coverage

  • Save money on two insurance products with just one discount.
  • Save more money on your home and auto insurance policies than with most other discounts.  
  • See where your policy is lacking or providing too much insurance coverage. 
  • It may simplify your monthly billing process, making it easier to manage your home budget.
  • Manage your insurance policies in one place with one insurer. 
  • It may provide additional perks, like a single deductible for incidents that damage your home and vehicle. 
  • Renew or cancel your policies in one step when the time comes. 


  • People who bundle are less likely to change insurers, even if they can get a better deal elsewhere. 
  • Some companies don’t offer both products, so you may want to compare prices with and without bundling (making comparison shopping a little more complicated). 
  • Some companies don’t directly offer all their insurance products, meaning a different insurer could underwrite a policy purchased with one insurer. 
  • When a different insurer underwrites policies, you may need help submitting a claim or making changes to your policy. 

How to Find the Best Home and Auto Insurance Bundle

To uncover the best insurer to bundle your services, you need to clarify what makes a company the “best” to you. A high customer satisfaction and claims satisfaction rating is an excellent place to start. But technology, specific discount programs, perks, and other features may be just as important to you. You’ll also want to pay close attention to policy options and limitations. For example, people who need highly customized plans may need to sacrifice satisfaction ratings to get the coverage they need. 

Getting the best insurance is also about uncovering all your options. In addition to sites like, you can use several methods to learn more about your area’s insurance companies and agents. Conducting a local Google search, asking your neighbors, and visiting your state’s insurance website are good ways to uncover your options. The more options you review, the more likely you are to find the best fit. 

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How to Bundle Your Home and Auto Insurance

There are four steps to bundling your home and car insurance policies: collecting information, comparing policies, choosing your new policy (and buying it), and canceling your old policy. We’ve outlined those steps extensively, but the process typically takes less than an hour. Not bad for a potential savings of hundreds every year! 

Here’s how you do it. 

Collect Pertinent information

You’ll need basic information about the people and property on your insurance policy. What information do you need to bundle your policies?

  • The make, model, and VIN for each vehicle you want to insure.
  • The name, driver’s license number, and driver history of each person on the auto policy.
  • The year your home was built, the building materials, and the square footage.
  • The estimated cost to replace your home (your insurer can help you with this).
  • The lienholder information for your vehicle and your home, if applicable.
  • The loan number and escrow account connected to your mortgage, if applicable.

Compare Policy Bundles

There are two ways you can compare policies. First, you can contact each insurance company via their website or phone number and get a quote one by one. You can expect to spend 10 to 20 minutes with each insurer, providing you with a hands-on experience of their customer service.

The second way is to use a policy comparison site, like, to get quotes from multiple insurance companies. This way, you only have to enter your information one time. And you can more quickly narrow down your choices. 

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Choose the Best Option

Cost is always an essential consideration, but it’s not the only one. Knowing what you value most in an insurance company is critical, especially when choosing between two policies with a negligible price difference. Some policyholders appreciate great websites and mobile apps, and others enjoy being able to speak quickly with an insurance agent. 

Take some time to consider what features add the most value to your life, and use that knowledge to guide your decision-making. 

Purchase Your Policy

You can buy your policy over the phone or, with some insurers, online. Home insurance in particular is a fairly complex product, so expect a conversation of ten to fifteen minutes. Set your policy start date 30 days later, which may earn you an early bird discount. This also gives your new insurer time to contact your mortgage company (if you have one) and provide them with your new policy documents. 

After you purchase your policy:

  1. Choose a place to store your policy documents.
  2. Create a customer account and download the mobile app, if applicable.
  3. Print out or save your new insurance card to your phone. 

Cancel Your Old Policy

It’s best to give 30 days’ notice of your cancellation to make billing more straightforward. It helps you avoid dealing with a refund process for overpayments as well. Many insurance companies allow you to cancel a policy over the phone, but some require a written statement. Be sure to follow the rules and follow up on the cancellation. 

How to Save on Your Home and Auto Multi-Policy Coverage

family taking a photo beside their car

Bundling is one of many ways to save money on insurance. Here are several additional ways to lower your premiums:

  • Conduct a review to ensure you get all the discounts available to you
  • Consider defensive driver training, telematics programs, and housing updates that can lower rates for a low investment of time, effort, and money. 
  • Raise your deductibles (what you pay out of pocket during a claim).
  • Compare insurance quotes at least once per year, as rates change often. 
  • Maintain a clean driving record and good credit score to keep rates affordable.

FAQs About Multi Policy Insurance

Is it cheaper to combine car and home insurance?

Combining home and auto insurance is typically 10 to 20 percent cheaper. Some customers save as much as 25 percent off their premiums. Actual savings depend on several factors, including the insurance provider, persons insured, and the property insured. In addition to lower rates, managing policies with one company is easier and less time-consuming. 

Who has the cheapest homeowners and car insurance?

Several insurance companies are known for offering low home and car insurance rates, including State Farm, Allstate, Progressive, and GEICO. But the cheapest company generally doesn’t always mean it will be your most affordable company. The best way to know who will offer you the best deal on the best coverage is to compare options before you buy.

What type of insurance policies can I bundle?

Generally, you can bundle auto insurance with any other insurance product offered by your insurance company. Popular policies to bundle include home insurance, renters insurance, life insurance, and umbrella insurance. If you’re unsure about the options available with your current insurer, you can speak with a customer service agent to learn more about your options.

What is the best deductible for homeowners insurance?

We recommend setting your home insurance deductible to $1,000 or higher, and here’s why. First, selecting a higher deductible lowers the cost of your insurance premium. Second, a higher deductible discourages homeowners from making a small claim. This is beneficial because even minor claims can raise rates (sometimes by a lot), often making the cost of claiming a repair higher in the long run. 

Which insurance company has the highest customer satisfaction?

According to J.D. Power, State Farm has one of the highest satisfaction ratings in the Southwest. Hartford prevails in the Northwest, Shelter Insurance leads the pack in the central U.S. Farm Bureau Insurance leads in the Southeast, and Erie Insurance wins the Mid-Atlantic. Amica Mutual has the highest rating in the Northeast.

California, Florida, and Texas boast such large driver pools that they warrant a separate category. Wawanesa, Hartford, and Texas Farm Bureau take top honors, respectively.

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