Bundling insurance policies can save you money. As California homeowners insurance rates rise, especially for those of you that are in a wildfire or high-risk area, it’s best to start combining all your policies together. It’s very beneficial to have all your policies under one roof as it saves you time, money, and you get all your insurance needs in one place. As most insurers just offer discounts for auto and home, there are more policies you can bundle. Policies you can bundle usually include:
- Home
- Auto
- Umbrella
- Jewelry or Fine Arts Floaters
- Earthquake
- Sometimes Commercial Lines Policies
Bundling two or more policies together almost always has some type of discount, whether it’s a discount per line or a flat discount. All insurance carriers are different and it depends on the company for the amount of savings you get,
When Does Bundling Insurance Policies Not Save You Money?
There are some circumstances where bundling insurance policies don’t work. For those of you that need to have an SR-22 or have a DUI, it’s usually best to not have those bundled because the insurance company either won’t write it at all or costs could be higher. We know exactly where to place your insurance based on claim history, accident history, location of your home, etc. to save you the most money we can.
Earthquake insurance can be another type of insurance you want to be careful of bundling. Some insurance carriers offer major discounts for bundling earthquake insurance, but for others, the cost of earthquake insurance exceeds any discount that you would obtain.
This is why it’s so great to have an insurance broker because you can get multiple quotes from multiple different companies to compare pricing. Call now 949-450-1822 or send us an email at info@unity1.com to start bundling policies and saving money.
