For insurance customers, bundling can save you a great deal because it offers discounts for having home and car insurance in a single package. According to InsuranceQuotes.com, you can save an average of $243 each year with bundling. Those savings rose 65 percent since last year. Using the statistics, Florida has a worse average with one of the lowest average savings for bundling. Residents in Georgia, on the other hand, save around 22 percent. The report found that Louisiana had the highest savings when it came to bundling. For example, they saved around $548.
On a national scale, customers have saved around 16 percent when it came to bundling. Compare your prices and look at many combinations to determine if you should bundle. In some cases, it may not make sense. A lot of the bigger car insurance companies will price their rates in a manner that attracts a certain part of the market. Are you looking to insure both your cars and your home?
Why do companies give discounts for bundling? Essentially, it boils down to them having more money of yours to work with. As a result, they can justify charging you less because you go through them for more than one thing. Auto insurance companies will often give discounts because they want to retain their customers. It becomes much easier to have long-term customers as opposed to having to find newer customers. When you combine your policy into a single auto insurance policy, you save money. Also, instead of having to pay for multiple insurances with different companies, you can place your billing into a single place. A lot of car and home insurance customers do it for that reason. They want to save money. When you bundle, you save.
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