Bundling Your Insurance Policies is One of the Easiest Ways to Save Money on Your Car and Home Insurance, so Why Aren’t You Doing it Yet?
Like many of our clients, you are obviously interested in saving money. Still, there’s something that’s been holding you back from taking advantage of the Bundle and Save discount. Morse, of course, is here to help sweep away any doubts you might still have about the ease and value of this insurance option. The following are answers to the questions we think you might have about bundling your auto and home, starting with the one that’s probably foremost in your mind…
Can I really save a bundle with Bundle and Save?
The potential savings from bundling your car with your homeowners, apartment, or condo insurance policy is nothing to sneeze at. When you combine two or more policies with the same insurance company, you can typically save up to 25% off a year. The actual discount varies among insurance companies, because each carrier has its own specific program, with unique details and limits. In addition, numerous other factors such as where you live, what type of home you live in, the make and model of your car, your past claims experience, and more generally impact the discount you are offered.
However, even a Bundle and Save program discount on the lower end of the scale can save you hundreds of dollars in premiums each year. Plus, you may be able to increase your bundling discount if you get additional insurance policies, such as your boat, motorcycle, or RV coverage, through the same insurance company now or in the future.
Are there other reasons to Bundle and Save other than getting a discount?
We like how you think. It’s not just about the money to you, which is smart because you don’t want to just go after the lowest price at the expense of coverage, service, or added value. So, yes, we can report that you may get more from bundling than just monetary savings. One of the major added perks is that you have all your insurance in one place, which can save precious time and help you avoid unnecessary hassles when paying bills, managing and tracking claims, making changes to your policies, and more. Plus, you only have one account login to remember. Bundling makes your entire account management experience more seamless.
There is yet another advantage to bundling that may not end up saving you money immediately but could lead to significant cost-savings in the long run. If your home and car are damaged by the same covered event, like a nasty nor’easter, you typically have to pay two deductibles—one for your car and the other for your home or renters policy—which might total thousands of dollars. But, if you have bundled your home and auto with the same insurance company, then your carrier may only require you to pay one deductible.
Do I have to change insurance companies if I want to Bundle and Save?
Bundle and Save, which has been around for over a decade now, has become a hugely popular home and car insurance discount. For this reason, most insurance companies have developed their own bundling program to attract drivers, home and condo owners, and renters just like you. It’s highly likely your company has this discount, as well. However, that doesn’t mean your current carrier has the best deal in town on auto and home insurance bundles.
The team at Morse Insurance is happy to do a little digging around for you. We can easily verify whether your current car or home insurance company has a bundling discount and uncover the specific program details, including what policies qualify, how much of a savings is offered, and any additional terms or benefits that are important to understand. If your insurer’s program is solid, then we can assist you in taking advantage of it almost immediately.
But if we’re not impressed with your insurance company’s program or it doesn’t yet offer a Bundle and Save discount, Morse, of course, has relationships with many of the industry’s top insurance companies that might be able to provide you with better bundling and savings options. We will do all the comparison shopping for you and share our findings and recommendations with you. If you like what you see, then we will also handle the switching of policies from your old company to the new one.
How might changing insurance companies impact you? It shouldn’t. After the Morse team does its due diligence, you should have the exact same, or possibly even better, coverage than you had in your previous insurance programs. The only difference you may notice is that your bank account balance might look a little bit fuller at the end of each month.
Why would an insurance company offer such a great deal?
We can understand why you might be skeptical about such a steep discount, particularly because it seems so simple and costs you nothing. There must be a catch, right? There’s actually not. Like Morse Insurance, the insurance companies we work with are constantly looking for ways to keep their customers satisfied. If you’re highly pleased with the coverage and premium you’re getting, then you’re more likely to purchase additional insurance products from your insurer and make it a long-term relationship. Your loyalty is priceless to an insurance company, so they are more than happy to reward you for it with offers like Bundle and Save and other car insurance discounts.
When is the best time to start bundling my home and car insurance?
There’s never a bad time to begin taking advantage of a Bundle and Save discount. Whether you’re renting, about to buy your first place, or a longtime homeowner in Southeastern Massachusetts, the sooner you give your local Morse insurance professional a call, the quicker we’ll be able to set up your home and auto insurance bundle so you can get going enjoying the savings.
That being said, if you haven’t had your policies reviewed in a year or more, we encourage you to call Morse today. This is an excellent time for us to review all your insurance needs, get competitive quotes from several companies, and make sure you get in on the Bundle and Save discount option and any other discounts you may currently be missing out on.