How to Get Discounts Bundling Auto & Renters Insurance

How to Get Discounts Bundling Auto & Renters Insurance

Bundling insurance is often a way to save money by taking advantage of discounts offered when you protect different types of property with the same company. You will need some kind of car insurance in almost every state, and although you might not own a home, renters insurance is usually not very expensive.

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It's less expensive still when you bundle with the same company. Many insurers, including State Farm, Geico, Progressive, Allstate and Farmers, offer some kind of break for having multiple policies, and the discount can make adding renters coverage much more affordable.

Cheap car and renters insurance companies

Bundling your auto and renters coverage can lead to modest savings, according to our analysis. State Farm offered the best auto-renters bundling discount at 4.7%.

The total discount companies provided for sample quotes with auto and renters bundles

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Annual auto rate
Annual renters rate
Total payment
State Farm$2,264$125$2,2764.7%
Liberty Mutual$2,808$179$2,9162.4%

Quotes are from Brooklyn, New York, where a high proportion of residents are renters

The average price of renters insurance was $153 annually, which to a degree limits the possible discount. Insurers cannot offer so much of a price break that they give the renter's insurance away for free.

A large number of insurers offer the option to bundle renters and auto insurance, including:

Insurance companies that bundle renters and car insurance policies

  • Geico
  • State Farm
  • Progressive
  • Allstate
  • Farmers
  • USAA
  • Esurance
  • Nationwide
  • Liberty Mutual
  • American Family
  • The Hartford/AARP
  • Travelers

How to bundle your auto and renters insurance policies

Bundling two policies is quite simple: When you're shopping for a renters or car insurance quote, the company will usually ask you if you would like to bundle your policy with the other.

If you currently don't have either policy, you have the flexibility to go to whatever company suits you best. It is more likely you will already have a car insurance policy, however, since auto insurance is mandatory in most states. In that case, you can just obtain a renters quote from your company and see how much of a discount you would receive.

However, you may not have the option to bundle if you're covered by a small or regional carrier that doesn't offer renters insurance policies.

In this case, if you plan to purchase renters insurance, it may be worth obtaining a quote from insurers that offer bundling discounts to see if you can get a lower overall price for your insurance. Even if you already have both auto and renters insurance, you should shop around to see if you can find better rates.

Should you bundle your car insurance and renters insurance?

You should bundle your auto and renters insurance if it helps you save money and is more convenient, but there can be some drawbacks you should consider.

Bundled policies might not be the cheapest option. You should shop around and get multiple quotes because, in some cases, auto insurance from one company and renters insurance from another could be cheaper than some bundling options.

That said, bundled policies offer a few advantages beyond potential savings.

  • Convenience: Working with one company will streamline your bill-paying process and take one extra thing off your plate. If you go through an agent, you'll only have one to deal with instead of two.
  • Benefits can sometimes be merged: With some bundles, there will only be one deductible. That can be valuable if something catastrophic happens that damages your vehicle and property.

Other bundling and multipolicy options

If you're in need of multiple insurance policies, the auto and renters insurance bundle is just one example of the many bundled insurance packages companies offer to increase their business and lower your premium.

For instance, if you're looking to increase your liability coverage beyond that included in your renters insurance policy, you may have the option to bundle a personal umbrella policy with your renters or auto insurance — or bundle all three together — to find further discounts.

As a general rule, bundling more expensive policies together tends to provide bigger discounts. Since home insurance and auto insurance are typically two of the more expensive policies consumers buy, home and auto insurance bundles tend to provide the biggest discounts. That bundling discount can reach 10%, according to a ValuePenguin study.

Given that renters insurance is comparatively cheaper than home insurance, a discount for a car and renters insurance quote might not be as large as one for a car and home insurance quote, but bundling any type of insurance policy can be an effective way to save money.


Sample quotes were pulled from five companies for a 30-year-old male driver with minimum car insurance coverage. All sample quotes were from Brooklyn, New York, where renters make up a more significant portion of the population than in most of the United States. We used the following coverage limits:

Coverage type
Study limits
Bodily injury liability$50,000 per person/$100,000 per accident
Personal injury protection$50,000
Property damage liability$25,000 per accident
Uninsured/underinsured motorist bodily injuryNone
Comprehensive and collisionNone
Renters personal property coverage$20,000
Renters liability coverage$100,000

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.


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