How to bundle your insurance policies

What is insurance bundling?

By having one or more insurance policy with the same company, you may be able to save money. This is often called “bundling” and can apply to more than just home and auto policies.

Bundling not only can help save you money but makes it easier to access and manage your insurance by having everything with one company. Here are 3 steps for getting the insurance you need and to get started bundling your policies.

Step 1: Shop around

Not every insurance company allows you to bundle your policies. In fact, some don't offer bundles at all. Then there are insurance companies that may only let you combine certain types of policies. For example, an insurer may only allow you to bundle your home and vehicles and not your home and motorcycle, vacation home, and boat, etc.

Make sure you shop around to see what you can and can't bundle. If you don't see the insurance bundling, you're looking for online, try calling the insurance company. They may have more bundling combinations available over the phone.

Step 2: Review coverages and deductibles

To make sure you're getting a better deal than your current insurer, start by comparing similar coverages, limits, and deductibles—apples to apples. For example, if your current auto policy has Comprehensive and Collision, make sure that your new policy has the same coverage.

Step 3: Make the switch

Once you've decided to switch insurance companies to take advantage of bundling your policies, you'll need to finalize your coverage with your new insurer.

Next, notify your old insurance company of your cancellation date. If you're switching companies mid-term, you may be entitled to a refund for any time left on your policy, so be sure to ask.

Finally, if you're financing your car, you'll need to contact your new car insurer and have them provide your lender with proof of insurance.

Learn more about how you can bundle and save at Liberty Mutual!