How to Get Discounts Bundling Auto & Renters Insurance
Geico has the cheapest rate for bundling auto and renters insurance, at $91 per month. State Farm offers the best discount for bundling, at 4.7%.
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Many insurance companies, including State Farm, Geico, Progressive, Allstate and Farmers, offer a discount for bundling auto and renters insurance policies.
Cheapest car and renters insurance companies
Bundling your auto and renters coverage can lead to modest savings. State Farm offers the best bundling discount: 4.7%, which could save you $108 per year.
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Cheapest companies for bundling car and renters insurance
Company | Discount | Bundle total | Auto rate per month | Renters rate per month |
|---|---|---|---|---|
| State Farm | 4.7% | $190 | $189 | $10 |
| Geico | 4.3% | $91 | $83 | $13 |
| Liberty Mutual | 2.4% | $243 | $234 | $15 |
| Allstate | 2.1% | $299 | $290 | $16 |
| Farmers | 1.1% | $443 | $438 | $10 |
Quotes are from Brooklyn, New York, where a high proportion of residents are renters. All premiums rounded to the nearest dollar.
Companies that bundle renters and car insurance
Most insurance companies offer the option to bundle renters and auto insurance, including:
- Allstate
- American Family Insurance
- Ameriprise Financial
- Amica
- Auto-Owners Insurance
- Esurance
- Farmers
- Geico
- The Hartford (AARP)
- Kemper
- Liberty Mutual
- Mercury Insurance
- Nationwide
- Progressive
- State Auto
- State Farm
- Travelers
- USAA
Best auto and renters insurance companies
Price is certainly a key factor when buying auto and renters insurance. But there are other important elements to consider when choosing the best insurance company, such as how you'll be treated as a customer.
Based on a rating system that considers price, policy offerings and customer service, USAA came out on top with their bundled auto and renters insurance discount. The catch is that USAA is only available to military members, veterans and their families.
For everyone else, Amica and Auto-Owners Insurance are also great companies that offer bundles.
Company | Editor's rating | J.D. Power rating |
|---|---|---|
| Amica | 907 | |
| Auto-Owners Insurance | 890 | |
| USAA | 890 | |
| Geico | 871 | |
| State Auto | N/A |
J.D. Power rates a company's claims process by surveying customers' overall satisfaction, claims servicing, settlement of claims and other factors.
How to bundle your auto and renters insurance policies
If you already have auto or renters insurance, bundling your policies with your current company is simple. First, reach out to your insurance company to ask if they bundle those policies and how much of a discount you can get for doing so. If they don't have the option or offer a discount, get quotes from other companies to find out how much money you could save.
If you want to bundle your auto insurance with a renters insurance policy with a new company, you'll usually use one of two methods:
- Get a quote for both auto and renters insurance, and sign up for both at the same time.
- Get a car insurance quote. After you sign up for the auto policy, the company will give you a discount on your car insurance if you sign up for renters insurance with them.
Some companies will offer you a multipolicy discount even if they don't sell renters insurance. For example, you can get a discount on a Geico auto insurance policy if you bundle it with , Geico's partner.
You may not have the option to bundle if you're covered by a small or regional company that doesn't offer renters insurance policies.
Should you bundle your car insurance and renters insurance?
If it saves you money and is more convenient, bundle your auto and renters insurance. But that isn't always the best or cheapest option for everyone.
Pros and cons of insurance bundles
Pros | Cons |
|---|---|
| Save money by getting a bundle discount | You might pay more for a combined policy with one company than you would with policies from two separate companies |
| Streamline paying bills and making claims | Support experience may be different for auto vs. renters claims |
| Pay one deductible for a combined auto and renters claim if your company offers a combined deductible |
Insurance bundle opportunities
Auto and renters aren't the only insurance policies you can bundle. And you may even be able to bundle more than two for more discounts. For example, if you're looking to increase your renters liability coverage beyond your policy limits, you may have the option of bundling a personal umbrella policy with your renters or auto insurance — or bundling all three.
As a general rule, bundling more expensive policies tends to bring bigger discounts. , Home and auto insurance bundles tend to provide the biggest discounts — up to 10% — because they're typically two of the more expensive policies.
Frequently asked questions
Can you bundle renters and car insurance?
Yes, most of the largest insurance companies let you bundle renters and car insurance, including State Farm, Geico, Progressive, Allstate and Farmers. Most companies will ask at the end of the quote process if you'd like to add auto or renters coverage if you don't have it already.
Which company has the best car and renters insurance bundle?
Geico offers the cheapest car and renters insurance bundle, at an average rate of $91 per month. State Farm offers the best discount for bundling car and renters insurance, at 4.7%.
How much does bundling renters and auto insurance save?
On average, bundling renters and auto insurance saves you 2.6% on your total insurance bill. State Farm offers the biggest bundling discount: 4.7%, or $108 in savings per year.
Methodology
Sample quotes were pulled from five companies for a 30-year-old male driver with minimum car insurance coverage. All quotes were from Brooklyn, New York, where renters make up a larger portion of the population than in most of the United States. The following coverage limits were used:
Coverage type | Study limits |
|---|---|
| Bodily injury liability | $50,000 per person and $100,000 per accident |
| Personal injury protection | $50,000 |
| Property damage liability | $25,000 per accident |
| Uninsured and underinsured motorist bodily injury | None |
| Comprehensive and collision | None |
| Renters personal property | $20,000 |
| Renters liability | $100,000 |
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.
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