Benefits of Bundling

When it comes to insurance, bundling is having multiple discounts with one insurer. I know I preach that it’s great to shop around but once you are satisfied with one policy, there are a lot of good reasons to stay with the same company for other policies. These are some of the great benefits of bundling:


You save money
Almost all insurance companies (including mine) offer a discount to customers who have two or more policies with them, whether its home, auto, life, umbrella, RV, etc. This is because agents want to be your go-to guy (or girl) for all your needs. How much money can you save by bundling? Well that depends on what state you live in and which company you are switching to  and from. People in New Jersey typically save about 12% by bundling.


You save on your deductible
Let’s just say lightning strikes the tree in your backyard causing damage to your car and home. Instead of paying two deductibles to different companies pay one deductible that will cover both claims.

Your insurer is less likely to drop you
The more policies you have with a company the more valuable you are to them. Even if you have a bad year of driving or whatever, the insurance company will probably keep you if you have multiple policies with them.

Convenience
With a combined policy, your renewal dates will be on the same day so you only have to think about your insurance once a year.  Everyone is so busy nowadays you don’t have time to file six different renewals.  

If you are my client and have multiple policies with me then you are doing it right! Congrats! If you are my client but only have one policy with me, you should come into my office and talk about bundling; you'll probably save money that way. If you are reading this and you aren't my client for anything then you should come into my office so I can run a quote for you. I have lollipops :)

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