Go To Top
Why you should trust Insurance.com
Insurance.com is dedicated to informing, educating, and empowering you to make confident insurance decisions. Our content is carefully reviewed by insurance experts, and we rely on a data-driven approach to create unbiased, accurate insurance recommendations. Insurance.com maintains editorial integrity through strict independence from insurance companies.

Bundling home and car insurance is an easy way to get lower prices on both policies. When you purchase home and auto insurance from the same company, you may qualify for a multi-policy discount. It lowers both your home and auto insurance rates.

There are other advantages, says Rick Krapes, a Country Financial insurance agent. "If you have both home and auto insurance with Country, and both your home and car are damaged in the same occurrence … you will only have to pay one deductible for your insurance," he says.

Many insurance companies in Minnesota provide discounts for bundling, but the discounts and rates can vary substantially, sometimes by hundreds of dollars. So, it's essential to analyze the overall savings and individual policy rates to find the best bundling discount for auto and home insurance in Minnesota.

Cheapest home and auto bundles in Minnesota

The price you pay with a home and auto bundle depends on the base prices for the home and auto coverages plus the amount discounted on each policy. The table below shows the average rates for home insurance and auto insurance and how much the total premium comes to with and without the bundling discount.

The cheapest car and home bundles in Minnesota are from State Farm, followed by Automobile Club MI (AAA).

CompanyHome premiumAuto premiumBundle premiumWithout bundle premium
State Farm$2,568$1,457$2,949$4,025
Automobile Club MI (AAA)$1,710$2,208$3,203$3,918
Auto-Owners$1,574$2,078$3,365$3,652
American Family$2,780$1,464$3,551$4,244
Western National Mutual$1,746$2,763$4,003$4,509
North Star Mutual$2,312$3,065$4,612$5,377

The company with the cheapest home and auto bundle in Minnesota

State Farm

Our take: State Farm topped the list of auto insurance companies in a recent ranking, with customers giving it extremely high satisfaction scores. The company is also the top pick for home insurance, with customers giving it high marks for customer satisfaction, ease of service and its various policy offerings. State Farm is the biggest property and casualty insurance company in the nation.

Biggest home and auto bundle discounts in Minnesota

At 27%, the largest discount for bundling home and auto insurance can be found at State Farm. On the other hand, of the companies evaluated, the smallest multi-policy discount belongs to Auto-Owners, at 8%.

CompanyHome and auto bundle discount
State Farm27%
Automobile Club MI (AAA)18%
American Family16%
North Star Mutual14%
Western National Mutual11%
Auto-Owners8%

How do home and auto bundles affect car insurance rates in Minnesota?

The table below displays Minnesota auto insurance rates both before and after a bundling discount is applied. The cheapest price with the multi-policy discount belongs to State Farm, and Automobile Club MI offers the most significant overall discount.

CompanyAuto premium before bundlingAuto premium after bundling$ difference after bundling% difference after bundling
State Farm$1,457$1,244$21315%
American Family$1,464$1,293$17112%
Automobile Club MI (AAA)$2,208$1,663$54525%
Auto-Owners$2,078$1,953$1256%
Western National Mutual$2,763$2,487$27610%
North Star Mutual$3,065$2,508$55818%

How does bundling home and car insurance work?

The concept of bundling is pretty straightforward. You buy more than one type of insurance from the same company, and in exchange for the increased business, the insurance company may give you a discount. And there’s an added benefit to the insurer in offering bundles: Customers who bundle are more likely to renew with their insurer.

You typically get discounts on both car insurance and home insurance when you bundle coverage. The discount isn’t the same for each coverage type. Each provider has its own discount formulas. Companies may offer a more substantial discount on one than the other.

The pros and cons of home and auto insurance bundles

The greatest benefit of bundling your home and car insurance is a less expensive premium.

But keep in mind that you won't always save money when you bundle. You could find an insurer with a low price on one of the two policies, which could result in better savings than a bundle. Here’s how that works:

  • If you currently pay $1,000 for car insurance from one insurer and $1,200 for home insurance from another, that's a total of $2,200.
  • But let's say you decide to buy your home insurance from your auto insurer. The cost for the new home insurance policy is $1,500, or $300 more than your current cost.
  • Your total rate under the bundle would be $2,500, a $300 increase.
  • That means you'd need a bundle discount of at least $400 or so to lower the total bundle rate enough to save money compared to the price you currently pay for separate policies.

That's why you should compare home and auto insurance bundle quotes to what you're paying for separate policies. Rates on bundles aren't always lower.

Should you bundle home and auto insurance in Minnesota?

Prior to signing up for an auto and home bundle, it’s important to shop around. Bundling your car and homeowners insurance has many advantages; you only have to deal with a single company and with a single bill, and you typically get a discount on both policies. However, bundling isn’t always the best deal.

Some companies have cheap car insurance rates but less competitive home insurance rates, and vice versa. You might pay less overall by choosing two different companies for your insurance.

Shop around and evaluate Minnesota car insurance rates on an individual basis and with a bundling discount to make sure you’re getting the best deal before you purchase.

Methodology

In the spring of 2023, Insurance.com analyzed rate and discount data from Quadrant Data Services. The rates, from 2022, are the most recent available to Insurance.com and are based on a 40-year-old male driver with a 12-mile daily commute, good credit and a clean driving history. Rates were fielded for a full-coverage policy (100/300/100 with a $500 collision and comprehensive deductible). Homeowners insurance rates are based on $300,000 in dwelling coverage with $300,000 in liability and a $1,000 deductible.

FAQs: Home and auto insurance bundling

Below are answers to common questions about bundling home and auto, and other multi-policy discounts that can save you money on your insurance coverage.

What information do you need to bundle your policies?

To bundle your policies you will need all of the details for both the cars and the home you want to insure. That includes VINs, driver information and details about the home. Your current home and auto policies will list this information for easy reference.

Is there a limit on how many policies can be bundled?

Typically, you can purchase as many insurance policies as you want from the same company. However, that doesn’t mean you can take advantage of a bundling discount with every policy you buy. There may be a limit on the number of policies you can bundle with one company. For instance, you might only qualify for a bundling discount on the three most expensive policies. You should speak with an agent from your insurance company to learn more about the possible restrictions.

Which insurance companies bundle home and auto insurance?

Almost every insurance company offers a bundling discount, often called a multi-policy discount. Multi-policy discounts aren't just for auto and home. They often include other home insurance policies like renters and condo, as well as motorcycle insurance and, in some cases, life, RV, boat, and others.

Helpful Auto Insurance Articles & Guides