If you are looking for auto and home insurance, you might be tempted to bundle them together to receive a discount. While bundling insurance with the same provider can save you money, it isn’t always the right choice. You will need to weigh out all of the different pros and cons of bundling to decide if it makes the most sense for your situation or if you need to look at other options. Working with a local insurance agency in Florida is a great way to check out all of the offers from major insurance providers to determine if bundling insurance is the right choice.
Why Do Insurance Providers Offer Bundling?
Deciding to bundle your insurance policies with the same provider can make it easier to make payments each month, and it can also lead to significant cost savings. Insurance providers often focus on getting clients to bundle policies by offering discounts.
These discounts can vary greatly between insurance companies, as some discounts are around 10%, while others can go up to 25% if you bundle your home and auto insurance. Of course, comparing all of your options and getting quotes from multiple insurance providers is essential in getting the best deal for your situation.
Here is an overview of the different benefits of bundling with an insurance agency.
Cost Savings
One of the primary reasons to bundle your insurance is to save money by receiving a discount on your policies. Some insurance providers offer significant discounts if you choose to bundle your home and auto insurance. Despite these savings, it’s still a good idea to shop around to ensure you find the best insurance for your needs while staying within your budget.
You Often File Insurance Claims
Another reason to consider bundling is if you have a history of filing insurance claims. For example, an insurance company is less likely to drop you for too many claims if you bundle your policies with them. Of course, it’s still possible to be dropped by an insurance provider for filing too many claims, which is why it’s important to only file whenever it’s necessary.
Keeps Things Simple
An added benefit of bundling your insurance with one provider is that it makes it easier to stay organized. You can easily use their app or visit their website if you have any questions about your policy. Paying for your insurance is also easier with one provider, as you don’t have to worry about making payments to multiple companies.
Here is an overview of the drawbacks of bundling with an insurance agency.
Doesn’t Always Provide the Best Price
One of the main disadvantages of bundling insurance is that it doesn’t always provide you with the best price. Many people make the common mistake of deciding on one insurance provider without shopping around for the best deals. Not doing this extra research can easily cost you a lot of money over the long term, which is why it’s always worth it to compare multiple policies.
Easy to Stay Complacent
Another risk of bundling your insurance policy is that it’s easy to stay complacent without ever making any changes in the future. However, it’s important to check out other policies from different insurance providers at least every other year. Doing this additional work can help you save money on your insurance while still giving you the best coverage to meet all of your needs.
Quality of Service Isn’t Always Equal
Some insurance providers have a great reputation for managing claims for specific policy types, while they are less likely to be as effective with other policies. For example, an insurance provider might be great at handling home insurance claims, but their quality of service isn’t the same for auto insurance. Looking at online reviews from past clients can help you determine if it’s a good idea to bundle your coverage with an insurance provider.
Why You Should Work With an Independent Insurance Agency
Finding the right insurance coverage isn’t always an easy decision, especially if you are trying to decide if bundling is right for you. One way to save yourself a lot of time and hard work is to partner with an independent insurance agency. These insurance professionals work with all of the major providers to find the best coverage to meet your needs. An agency can help you decide if bundling is the best decision for your situation or if you can benefit by using different insurance companies.
Looking for an Insurance Agency? Contact Wellcovered Insurance Today!
Wellcovered Insurance is one of the top-rated agencies that works with more than 30 insurance carriers in the United States. Our team proudly partners with clients in Volusia and Seminole Counties as we strive to offer the best customer experience. You can easily visit our local office for an in-person meeting or give us a call if you have any questions about insurance.
Our main goal at Wellcovered Insurance is to make it simple for you to find the best insurance coverage at an affordable rate. We also offer many different types of insurance, such as home, auto, RV, condo, motorcycle, commercial property, and much more. Our experienced team can give you an auto quote in only 15 minutes, while it just takes one or two business days for you to obtain a home quote.
Keeping an active presence in the local community is also important, as we are proud members of the Deland Breakfast Rotary and the West Volusia Regional Chamber of Commerce.
Find out more by giving Wellcovered Insurance a phone call today to learn if bundling is the right option to meet your needs!
