Auto insurance

Best home and auto insurance packages for 2022

8. Allstate

Average owner price (bundled policy 6 months): $894

Average savings: 8.54%

(Credit: Diego M. Radzinschi/ALM)

7. Mutual Liberty

Average owner price (bundled policy 6 months): $750

Average savings: 11.71%

(Credit: handout)

6. Progressive

Average owner price (bundled policy 6 months): $707

Average savings: 10.55%

(Credit: Ken Wolter/Shutterstock.com)

5. Farmers

Average owner price (bundled policy 6 months): $659

Average savings: 22.05%

(Credit: Ken Wolter/Shutterstock.com)

4. Nationwide

Average owner price (bundled policy 6 months): $636

Average savings: 11.9%

(Credit: handout)

3.GEICO

Average owner price (bundled policy 6 months): $583

Average savings: 2.97%

(Credit: Jonathan Weiss/Shutterstock.com)

2. State Farm

Average owner price (bundled policy 6 months): $549

Average savings: 17.57%

(Credit: Diego M. Radzinschi/ALM)

1.USAA

Average owner price (bundled policy 6 months): $525

Average savings: 3.84%

(Credit: handout)

Homeowners can expect to save around 10% on average when they bundle their home and auto insurance policies with one insurer. These savings, along with the convenience of only managing payments to one insurer, make bundling an attractive option, but there are factors to consider when deciding whether it’s best to keep your policies together or split them.

The Zebra recommends customers in the home and auto coverage market consider the following when deciding whether or not to bundle.

Check reviews

Before committing to any business, read customer reviews for their complaints handling and customer service. Choosing a company with a bad reputation in order to save money can backfire when it’s time for you to file a claim.

Check your coverage

Risk is analyzed differently for auto and home policies, and may also vary from carrier to carrier. Check with your potential new insurer to make sure their policies don’t have any exclusions that would affect you, especially when it comes to your home insurance policy. This could include exclusions for certain pets, swimming pools or trampolines.

Do the math

Don’t blindly choose the company that offers you the biggest discount on your auto and home package. If cost is a deal breaker for you, consider whether this package is actually cheaper overall than splitting your policies between companies.

JD Power’s 2022 U.S. home insurance study showed that rising auto premiums – driven by rising vehicle and repair costs – led many former consolidators to split their policies in order to to save money. This is a problem for insurers, as customer retention rates are significantly higher among those who bundle their home and auto policies with a single insurer.

In the slideshow above, we’ll look at the best home and auto insurance packages for 2022, according to the Zebra.

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