Insurance is a necessary part of every adult’s life, but sometimes it can feel like more trouble than it’s worth. Between the expense and the hassle, insurance can be a big cause of stress for many people. However, bundling can be a good way to lessen that stress.
Although it isn’t an answer for every person and each situation is different, bundling your renters insurance together with your auto insurance can help you to save money and reduce how complicated your insurance is. In order to decide if this is the right choice for you, take a look at the pros and cons below and learn how to evaluate your situation for bundling.
Save Money
The biggest reason to bundle your insurance is the most obvious– in a lot of cases, it can save you money. Since insurance companies want you to have multiple policies with them, they will frequently offer you a discount for bundling insurance like renters or homeowners and auto.
Simplify Your Insurance
Bundling your insurance can take a lot of the hassle out of the process. Having one insurance provider instead of multiple can make it easier to sort out issues with your policies, and make filing claims easier, particularly when you have related claims, such as a storm that damaged both your home and your vehicle.
What to Do
Bundling renters and auto insurance is the right choice for some people, but not for everyone! If you’re considering bundling to help save you time and money, here are the things that you need to consider before making your final decision.
Take a Look at Your Savings
A bundled policy might save you some money, or not. Take a look at the rates you’re currently getting with your unbundled policy and compare them to how much you’d be spending if you bundle your renters and auto insurance together. You might be surprised at what you find!
Shop Around
Another big downside of bundled policies is that it discourages you from shopping around for better rates because you’re scared to lose the benefits of bundling. While you’re looking at bundling options, be sure to do your research and consider multiple different options, and even when you have bundled insurance set up, don’t be afraid to keep an eye out. You might find a policy that offers you better coverage, better prices, or both, that’s more worth your time and money.
There might be lots of benefits out there that you could be getting from bundling your renters and auto insurance together, so if you’re curious about the money and effort you could be saving by bundling, it’s worth looking into! If you want some help navigating policies and providers, contact YMI today and one of our experienced team members can help guide you through the process.
