Updated March 4, 2022 . AmFam Team
Having insurance is an easy decision. After all, it protects the things you work so hard for in life. Between your car, home and even your family's financial well-being, you have a lot to protect. Bundling insurance can make things simple by putting multiple types of coverages under one plan by one provider. It’s a good idea on paper, but is bundling insurance a good idea for your unique situation? Read on to learn how to make the smart choice.
You might not even be ready to ask, “Should I bundle home and auto insurance?” We should first answer a possibly more pressing question: “What is bundled insurance?” Simply put, bundling insurance means buying multiple types of insurance policies from one provider. The provider may offer to place some combination of your car, home, rental, umbrella, life, boat, RV, or other coverages under one plan.
With that crucial first question answered, you might now be asking: “Why bundle insurance?” There are plenty of benefits, and we’ll go over some of the more popular reasons below.
1. Bundling saves you time
With our multi-product discount, you can save on your premium. It could apply if you bundle motorcycle and renters insurance, life insurance and RV, or just about any insurance you have. For example, you can save up to 23% by bundling home and auto insurance policies.*
2. Bundling saves you time
Managing even a single insurance policy involves a great deal of responsibility. You must ensure you have the right amounts and types of coverage, track your renewal dates, and make payments. Now imagine trying to balance multiple policies with multiple providers. Bundling puts everything together under one provider, easing the burden.
We make it even easier with the MyAmFam app. It lets customers view their premiums, effective dates and policy info all in one spot. It’s quick and easy to manage your insurance and pay all your policies at once. You can even set up AutoPay and schedule payments within the app. That way, you’ll never have to worry about missing a payment. Download it and sign up for My Account.
3. Bundling makes the claims process easy
If a covered event causes damage to more than one of your belongings, you won’t have to call multiple numbers. You’ll have one number for one insurance company, which can begin the claims process for all your belongings that need restoration.
Filing claims is easier at American Family Insurance with the MyAmFam app or My Account. You can easily file your claim anywhere at any time and track its status across every step. Our 24/7 claims department is always ready to help you get your life back on track.
4. Your agent is your bundling expert
When you bundle, your agent gets to know you and your insurance needs. They’ll identify any gaps in your coverage and make recommendations, so you’ll be protected against the unexpected.
The benefits of bundling insurance can be a big deal. Even so, be careful about jumping right into it. “Is bundling insurance a good idea?” isn’t always an easy question to answer. Like anything involving coverage, it’s worth thinking about what is best for you. You should at least compare rates — which means more than seeing which price tag’s number is bigger.
More important is determining which one gives you more for your money. The coverages included in insurance bundles may be less than what you’d get from purchasing them individually. They might not even have the same insurance company underwriting and servicing your policies, which could mean an inconsistent level of service. Whatever your decision, make sure it’s an informed one based on the pros and cons of bundling your insurance.
When you have a lot to protect, it makes sense to bundle. Your American Family Insurance agent can help get you started. Connect with yours today and learn how much you can save bundling your home and auto insurance. You’ll get the protection you need and the peace of mind you deserve.
This article is for informational purposes only and includes information widely available through different sources.
*Customers who bundle auto and home insurance policies may save up to 23% on both policies together (as of July 2022). Discounts may vary by state, property, policy form and company underwriting the auto and/or home policy. Discounts may not apply to all coverages on an auto or property policy.