Cheapest home and auto insurance bundle in Washington

Combining home and auto insurance is a simple way to reduce insurance rates on both coverages. If you get home and car insurance from the same company, you may be eligible for a discount on both policies, which lessens both your home and auto insurance premiums.

When bundling, insurance carriers provide a discount to policyholders who take multiple lines of coverage with them, says Clayton Fischer, an agent with Blue Marlin Insurance in Coral Gables, Florida. For instance, he says, insurance companies may offer exclusive options like 12-month auto policies–as opposed to six-month auto policies—when bundled with homeowners insurance.

"Biggest perk of the 12-month auto policy is preventing rate increases every six months," he says. "It’s also a feature to help policyholders have a single point of contact regarding insurance coverage."

Many insurance companies in Washington provide discounts for bundling, but the discounts and rates can vary considerably, sometimes by hundreds of dollars. So, reviewing the overall savings and individual policy rates is important to find the best bundling discount for auto and home insurance in Washington.

Cheapest home and auto bundles in Washington

The total cost of a home and auto bundle depends on the base prices for the underlying home and auto insurance coverages. The discount is applied to each policy. The table below shows the average rates for home and auto insurance, as well as the total premium with and without the bundle discount.

In Washington, the cheapest car and home bundles are offered by PEMCO, followed by State Farm.

The company offering the cheapest home and auto bundle in Washington

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 Washington

With an average of 22%, the largest discount for bundling home and auto insurance can be found at State Farm. In contrast, at only 15%, the smallest multi-policy discount of the companies reviewed belongs to Nationwide.

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

The table below displays Washington auto insurance rates both prior to and after a bundling discount is applied. The lowest price with the multi-policy discount belongs to PEMCO, and the most significant overall discount is offered by both PEMCO and Allstate.

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 additional 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 biggest benefit of bundling your home and car insurance is a cheaper premium.

But keep in mind that you don't always save money bundling. 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 pay $1,000 for car insurance from one insurer currently and $1,200 for home insurance from another, that adds up to $2,200.
• Let's say, however, you decide to get your home insurance from your car insurer. The price is $1,500 for the new home insurance policy; that's $300 more than what you pay right now.
• The new overall bundle rate would see a $300 increase, totaling $2,500.
• You would need a bundling discount of $400 or so, at minimum, to decrease the total bundle rate by enough money to save when compared to the price you currently pay for the separate policies.

Remember that rates on bundles aren't always lower in absolute terms. This is why you should carefully compare what you pay for separate policies now to quotes on home and car insurance bundles.

Should you bundle home and auto insurance in Washington?

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. Yet 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 Washington car insurance rates individually and with a bundling discount to ensure 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.