Bundling Tips to Save You Time, Money and Protect Your Assets

Insurance Bundling Tips to Save You Time, Money and Protect Your Assets

You probably have more than one type of insurance plan. Combining them with one provider can make your life easier. For example, if you have auto insurance, bundling it with renters insurance and life insurance can save you money. Here are three ways that bundling your insurance will serve you well immediately and in the future.

Insurance Bundling Saves Time
If you have all of your insurance policies and premiums in one place, you won’t have to spend time tracking down different providers. This can be helpful if you have questions about changing plans, need to add a driver to a policy or want to switch from renters to homeowners insurance. Bundling also makes it easy to access policies, updates and payment information. Your insurance provider can discuss the best savings plans and make sure all of your policies are current at the same time.

Insurance Bundling Saves Money
If you have home and auto insurance policies with separate companies, you may be spending more money than necessary. Combining more than one type of insurance plan with the same provider typically enables that company to offer major discounts. NASDAQ has said that taking advantage of bundling results in up to 25 percent in overall insurance savings.

While you may realize the benefit of bundling, it can be difficult to know where to begin. First, find a reputable insurance provider who can offer you more than just one type of coverage. Insurance providers will be able to take a look at all of your insurance needs and provide the best rates available in a bundled package. They will also work with you to transfer policies and combine payments.

Insurance Bundling Can Better Protect Your Assets
By taking advantage of bundling, you can ensure that both your family and property are protected with the right types and amounts of insurance coverage. For example, California enforces strict guidelines when it comes to auto insurance requirements. Minimum liability insurance requirements in California are designed to help cover financial responsibility of all drivers and may be something that new drivers overlook. If you can bundle everyone’s auto insurance into one family plan, you can rest assured that your family members aren’t inadvertently cutting corners and losing out on the coverage they need. While teens or young adults may want to be independent and find their own car insurance policy, you may be able to save them money by adding them to your insurance. Make sure that everyone in your family has the right insurance for all of their needs by bundling plans.

One-stop shopping for auto, home and life insurance makes changing or updating your policies less daunting. Multi-policy and multi-car auto insurance policies are well worth the initial effort to set up. When you have an emergency and need to call on your insurance agency, having a home base where everything is covered by the same group can be a lifesaver. By bundling different types of insurance and even seeking out a lower auto insurance quote for multiple drivers, you can save time and money, and protect what matters most to you.