How to Get a Multi-Policy Discount for Insurance

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Have you recently purchased a new home? What about a new boat or motorcycle? If so, you may benefit from multi-policy discounts, which reward policyholders for having two or more policies with the same insurer. With reputable auto insurers like Nationwide offering up to 20% discounts for bundling home and auto insurance, now may be an excellent time to join in on the action.

This guide will help answer all your questions about multi-policy discounts, including how to qualify, the difference between multi-vehicle and multi-policy discounts, and five highly recommended auto insurers offering it.

If your current insurer does not offer a multi-policy discount (or if you suspect better auto insurance rates can be had elsewhere), enter your ZIP code below to receive an online quote from top providers such as Liberty Mutual and Nationwide:

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What is a Multi-Policy Discount?

Also referred to as bundling, a multi-policy discount is offered to policyholders who purchase two or more insurance policies from the same insurer. By combining multiple insurance policies under one roof, policyholders can save on these policies rather than purchasing them from different companies.

One popular multi-policy discount is combining auto and homeowners insurance.

What Are the Advantages of Multi-Policy Discounts?

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There are two main advantages to multi-policy discounts:

  • Savings: Bundling two or more policies from the same insurance allows you to receive a discount on each policy. For example, bundling homeowners and auto insurance with Liberty Mutual saves policyholders an average of $947 annually. Also, according to Kelley Blue Book, multi-policy discounts can reach as high as 25%.
  • Single point of contact: Policyholders enjoy just one point of contact by combining multiple insurance policies under one insurer. In addition, a single point of contact means less administrative hassle and one less password to remember.

What’s the Difference Between a Multi-Policy and Multi-Car Discount?

The difference between a multi-policy and multi-car discount rests in what’s covered.

A multi-policy combines two or more insurance types, such as auto insurance policies, homeowners, life, motorcycle, and rental insurance. In turn, multi-car discounts are awarded for insuring two vehicles together under one policy, resulting in lower car insurance rates for each.

Multi-policy and multi-car insurance discounts share the same benefit, only with different insurance types.

How Do I Qualify for a Multi-Policy Discount?

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To qualify for a multi-policy discount, call your insurance provider and ask if two or more policies you are looking at are eligible to be discounted. Not all types of policies can qualify. For example, one insurer can restrict bundling discounts to homeowners and auto, but not homeowners and motorcycle insurance.

Remember, every insurer has different requirements to be eligible for multi-policy discounts, such as a set number of policies or specific liability limits. Discount amounts are also contingent upon your age, gender, driving record, liability limits, deductible amount, and other qualifying criteria sent by each auto insurer.

What Happens If I Cancel My Multi-Policy Discount?

Canceling your multi-policy discount will revoke your discount privileges, reverting each policy to its original rate. Call your insurance company or insurance agent to learn about other discount options if your monthly premium goes higher than you would like.

On the other hand, if you’re looking to drop one policy but keep another, some auto insurance companies may be willing to maintain your discount if you substitute the dropped policy with another policy. Be sure to review your multi-policy discount programs’ terms and conditions before dropping or adding coverage.

Which Insurers Offer Multi-Policy Discounts?

Here are some auto insurance companies offering multi-policy discounts.


Policy details: This applies to the following types of insurance: auto, homeowners, renters, condo, motorcycle, off-road, and term life insurance policies.

Savings: Up to 25% when bundling home and auto policies. Savings on other policy combinations vary.

What sets them apart: Allstate operates in all 50 states, with a popular multi-policy discount for home and auto insurance. The most common insurance bundles include home + auto, renters + auto, and renters policy + motorcycle. To lower premiums further, Allstate policyholders also have the option of excluding optional coverage such as roadside assistance and rental car reimbursement.

Other savings methods include up to 5% off when enrolling in autopay and early signing discounts for up to 10% off your home insurance premium.


Policy details: Discounts apply to auto + home, auto + renters, motorcycle + renters, auto + home + life insurance, boat + auto, and other Nationwide policies.

Savings: Up to 20% when bundling home and auto insurance. Savings on other policy combinations vary.

What sets them apart: In business since 1926 with an A+ rating from the Better Business Bureau, Nationwide is the country’s 10th largest property and casualty insurer, with more than 11,000 independent agents ready to help you find your following policy. But unfortunately, home and auto insurance are not available to Florida, Louisiana, Massachusetts, New Jersey, and New Mexico residents.

Other ways Nationwide allows policyholders to save on auto insurance include safe driver discounts, continuous insurance discounts, good student discounts, homeowner discounts, pay-in-full discounts, and enrolling in automatic payments and paperless billing.

Liberty Mutual

Policy details: Discounts apply to auto + home, auto + renters, and auto + condo insurance.

Savings: ~$947 in annual savings when bundling home and auto insurance.

What sets them apart: Headquartered in Boston, Liberty Mutual is the world’s sixth-largest property and casualty insurer. They allow policyholders to bundle eligible policies at any time. So, for example, a second policy can be added later if you purchase one policy today. This benefit applies to all insurers in our guide.


Policy details: Progressive offers multi-policy discounts based on a combination of two or more policies, e.g., auto and home insurance or motorcycle and boat insurance.

Savings: Progressive customers average an annual savings of $793 when bundling home and auto insurance (new customers). Savings on other policy combinations vary.

What sets them apart: Progressive auto insurance is available in all 50 states. Multi-policy discounts can be requested online, over the phone, or through an independent Progressive insurance agency near you. Another way Progressive drivers can save is by installing safety-related features such as daytime running lights and an anti-theft system.

Other Progressive auto insurance discounts include a paperless discount, online discount, safe driver discount, and accident forgiveness discount for tenured policyholders.


Policy details: Discount available for bundling home and auto insurance, as well as other approved combinations, e.g., auto and mobile home insurance. A good driver discount is also available for policyholders with clean driving records (no claims, moving violations, or DUIs) for the past three to five years.

Savings: Up to 25% when bundling auto and homeowners insurance. Savings on other policies and discount (e.g., multi-vehicle discount) combinations vary.

What sets them apart: Founded in 1936, GEICO has been in business for more than 80 years with high customer satisfaction ratings. It offers several insurance products, including auto, homeowners, flood, condo, motorcycle, and renters insurance. GEICO’s DriveEasy program also rewards drivers with discounts in exchange for downloading the GEICO mobile app that monitors driving behavior, such as top speeds, number of miles driven, and hard braking. Others can also enroll in a defensive driving education course for discounts as well.

Get Rewarded for Having Two or More Policies

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Suppose you have two or more auto, homeowners, renters, condo, motorcycle, or other qualifying insurance coverage options/combinations. In that case, shopping for an auto quote from multiple affordable car insurance companies makes sense. A potential savings of 20% with auto insurance discounts through bundling is too hard to ignore!

Save money with the best multi-policy discount or other types of insurance discounts by requesting a free quote for cheap car insurance through It takes less than two minutes:

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