Bundling home and auto insurance with one carrier is among the most consistently recommended premium reduction strategies. Multi-policy discounts of 10 to 20 percent are widely available -- but the bundle discount does not always produce the best net outcome when you account for base rate differences between carriers. This calculator shows you the numbers clearly.
Enter your current standalone annual home premium, your current standalone annual auto premium, and the bundle discount percentage your insurer offers (12 to 15 percent is a reasonable placeholder for most major carriers). The calculator shows estimated bundled premiums, total annual savings, and cumulative savings over five years.
The bundle discount does not always offset base rate differences between carriers. If your carrier offers a 15 percent bundle discount but prices its standalone home insurance 25 percent above market, you are effectively overpaying even with the discount. Shopping both lines independently every two to three years -- including quotes that would require breaking the bundle -- is the only reliable way to confirm your bundle is producing the best total price.
At most carriers, the discount applies at every renewal as long as both policies remain with the carrier. If one policy lapses or moves to a different carrier, the discount is removed from the remaining policy at the next renewal.
Yes. Most carriers that offer home and auto bundles also offer renters and auto bundles with the same or similar discount. Because renters premiums are much smaller, the absolute dollar savings are lower but the percentage discount is the same.