Are there discounts for bundled insurance
policies?
Are you leaving cash on the table by not bundling insurance? Read this first.
Why bundling saves you money
Bundling means buying two or more policies from the same insurer — usually home and auto. Insurers reward that because it costs less to manage one customer with multiple policies. That translates into a multi-policy or bundled insurance discount. Simple math: one company, one admin, lower risk of churn = lower price for you.
How big are the discounts?
Typical bundled insurance discounts range from 5% to 25%. Common examples:
- Home + Auto: 10%–20%
- Condo + Auto: 8%–18%
- Renters + Auto: 5%–15%
- Auto + Umbrella: 5%–12%
Exact savings depend on carrier, location, driving record, home value, and coverage limits. In high-competition markets you can push for higher savings.
When bundling works best
- You have clean claims history.
- Your home and car are in the same household.
- You’re comfortable with the insurer’s service and financial strength.
Actionable steps to capture bundled insurance discounts
- Inventory your policies: list coverages, limits, deductibles, and premiums.
- Compare bundled vs standalone costs: ask each carrier for a bundled quote and the separate quotes for the same coverages.
- Negotiate: use competing bundled offers to extract better terms.
- Check endorsements and limits: make sure you’re not getting less coverage for a lower price.
- Re-evaluate annually: premiums and discounts change; shop every renewal.
Risks and trade-offs
Bundling isn’t always the cheapest path. Sometimes a best-in-class specialty insurer for one risk (e.g., classic car or high-value home) beats any bundle discount. Also watch for:
- Increased combined deductibles.
- Loss of flexibility when switching carriers.
- Price shocks if one policy’s risk spikes after a claim.
How an expert helps
This is where experience wins. A local advisor who understands insurers’ pricing, risk appetite, and promotional windows gets you the most savings without losing protection. They run apples-to-apples comparisons, negotiate with carriers, and flag coverage gaps. That’s not a nice-to-have. It’s how you turn a potential 10% discount into real dollars saved.
Get a no-nonsense checkup
Want a clear answer for your situation? I’ll compare your current setup to bundled options, show exact dollar savings, and recommend the best path forward. No hype. No filler. Just real numbers.
Contact for a quick review
Email tony@sousasells.ca or call 416-477-2620. Or visit https://www.sousasells.ca to book a free consultation. If you want savings, get a professional who treats insurance like the business it is.
