Contact Us Today / 516.358.5600 ☰ ˟
Contact Us Today / 516.358.5600
Sexual Harassment Training COVID-19 FAQ Client Portal
Logo
  • Home
    • Home Page
    • Anti-Sexual Harassment Training
  • Get a Quote
  • Insurance Offered
    • Automobile
    • Business & Commercial
    • Church Insurance
    • Cyber Liability Insurance
    • Daycare Insurance
    • Health Insurance
    • Homeowner's Insurance
    • Life Insurance
    • Nonprofit - Social & Human Insurance
    • Professional Liability Insurance
    • School Insurance
    • Voluntary Benefits Insurance
    • Crime Insurance
  • Blog
  • Resources
    • Customer Service
    • File a Claim
    • Secure Area
    • Refer a Friend
    • Important Links
    • Calculators
    • Important Files
    • Free Reports
    • Insurance Glossary
    • Frequently Asked Questions
    • News Center
  • About Us
    • About Carriage Trade Insurance
    • Location Map
    • Employee Directory
    • Partners
    • Customers Testimonials
    • Privacy Policy
  • Contact

What type of insurance coverage do you need?
Home > Homeowners > Bundle Insurance - Home and Auto

To Bundle Or Not To Bundle – That Is The Question!

If you’ve ever shopped around for insurance, you’ve likely been asked if you want to bundle your policies – in other words, combine your home or renters, auto, and life insurance policies with the same carrier. While you have the option to shop around individually for each policy, it almost always makes sense to have the same carrier cover as many of your policies as possible.

Benefits Of Bundling

The discount - Most policyholders bundle their policies because of the promise of a discount. The amount varies by provider but can generally range between 5%-25%.

The option of a single deductible - With bundled policies, your deductible may appear cheaper in the event of a claim that affects multiple policies. For example, if your home and auto policies are with two separate carriers, and a hailstorm damages your home and your car, you are responsible for paying both your home and auto deductibles before receiving payment. However, if you bundle your policies, your provider may offer you the option to pay only the higher of the two deductibles.

Less chance of being dropped - If you’ve made claims or gotten tickets, having your policies bundled with one provider can decrease the chance of them dropping you.

When It Doesn’t Pay To Bundle

It isn’t always better to bundle your policies with one insurance carrier. Here’s when it can be better to split them up:

if you have tickets or past claims that make your auto insurance expensive - In this case, it may be cheaper overall to buy each policy from separate providers.

When premiums increase - Bundling discourages people from price shopping, which makes it easier for providers to increase their rates. Most assume that you won’t go through the effort of shopping around when your policies renew.

If policies aren’t technically bundled - Some carriers may insure you with an affiliated company. While you may get a discount with that company, you’ll lose the convenience of paying your premium with one familiar provider.

A Few Tips To Consider

Although discounts are the main reason people bundle their insurance policies, never assume that bundling is the cheapest option. Your needs and circumstances will dictate whether you should combine your policies with one carrier. Consider the following tips:

  • Shop for new coverage when your policies renew and ask for the price of the individual premiums as well as the price of the bundles premium so you can decide whether it is worth it. Make sure you compare the same coverage when shopping for quotes from each carrier.
  • Ask if the provider uses a third-party insurance company. Remember that you may save money but lose the convenience of dealing with one provider and a combined bill.
  • Ask an independent insurance agent to get prices from multiple companies so you don’t have to do the legwork. An agent that is loyal to a particular carrier may be able to offer discounts that you can’t get alone.

Let Us Help You Today

With multiple factors contributing to the price of your insurance premiums, it is important to shop around in order to get the best rate for your insurance needs. Feel free to contact Carriage Trade Insurance Agency to determine if bundling is right for you and help you take advantage of all available discounts.

Learn More

Our Customer Feedback

Read More

Our latest blogs

  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
Carriage Trade Insurance Agency, Inc.
99 Tulip Avenue
Suite 404
Floral Park NY 11001
At Carriage Trade Insurance, the spirit of creativity is alive and well! We’ve dedicated our careers – a combined 40-plus years – to continually stay abreast of trends and innovations in the insurance industry and put that knowledge to work for you to create unique and individualized insurance solutions.
We're here for you
Home Page/ About Us/ Contact Us/ Our Blog/ Latest News/ Join Our Newsletter/ Refer A Friend
Quick Help Links
Quote Forms/ Service Forms/ File a Claim/ Insurance Glossary/ FAQs
Icon Icon
Icon Icon Icon
Social Icon Social Icon Social Icon
© Copyright. All rights reserved. Powered by Insurance Website Builder