Insurers & Multi-Policy Discounts — The Best of 2024
Published October 1, 2024 at 2:12 PM · News Releases and Bulletins
These days a week doesn’t go by without a J.D. Power & Associates insurance survey. This time the company found 21% of insureds say if they switch insurance companies for their homeowners policy, they’ll also move their auto insurance and vice versa.
That’s down from 24% a year ago.
Forbes Advisor took a look at the J.D. Power statistics and came up with the 10 insurers with the best discounts for people wanting to bundle their homeowners and auto insurance.
1. State Farm
Percentage of savings bundling home and auto: 23%
Average savings for bundling: $787
2. American Family Insurance
Percentage of savings bundling home and auto: 18%
Average savings for bundling: $486
3. Farmers
Percentage of savings bundling home and auto: 18%
Average savings for bundling: $732
4. Allstate
Percentage of savings bundling home and auto: 18%
Average savings for bundling: $497
5. Erie
Percentage of savings bundling home and auto: 15%
Average savings for bundling: $535
6. Nationwide
Percentage of savings bundling home and auto: 15%
Average savings for bundling: $516
7. Travelers
Percentage of savings bundling home and auto: 11%
Average savings for bundling: $484
8. Auto-Owners
Percentage of savings bundling home and auto: 10%
Average savings for bundling: $214
9. Progressive
Percentage of savings bundling home and auto: 7%
Average savings for bundling: $226
10. USAA
Percentage of savings bundling home and auto: 6%
Average savings for bundling: $185
Source link: PropertyCasualty360.com — https://bit.ly/4gKtjCl