Best and cheapest companies for home and auto bundles in Virginia

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When shopping for home and auto insurance, some insurers offer better deals on bundled coverage than others. We’ve compared multi-policy discounts from insurance companies in Virginia to identify which ones provide significant savings when combining multiple coverage types.

State Farm provides the highest percentage discount on home and auto insurance premiums in Virginia when you bundle your policies. By choosing this insurer, you can save an average of 24% on your home and auto bundle.

On the other hand, State Farm provides the lowest overall rate for bundling in Virginia. When you bundle your policies, you can expect to pay an average of $1,995.

Key Takeaways

In Virginia, State Farm offers the biggest average discount of 24% on home and auto insurance bundles.
Different companies offer varying discounts for bundling, so it’s worth shopping around.
Where you live in the state can affect how much you save by bundling.
Bundling is generally a good idea, but in a few situations, it might not save you money.

How we picked the best companies for home and auto bundling

In 2024, we analyzed home and auto insurance rates provided by Quadrant Data Services, focusing on the average bundling discounts each company offers. We calculated both pre and post bundling insurance costs based on these average discount rates to provide a clear view of potential savings. Our analysis encompassed data from 48 insurance companies across 4,686 ZIP codes, delivering a comprehensive look at bundling benefits nationwide.

Our recommendation for the best home and auto bundles in Virginia

Insure.com’s analysis ranked companies based on the average bundle discount they offer both in terms of dollar amount and percentage. Based on those criteria, these are the best companies for home and auto bundles in Virginia.

State Farm

State Farm offers a 24% bundle discount, which amounts to an average savings of $636. The combined cost of home and auto insurance before the discount is $2,631, and after the discount, it drops to $1,995.

Allstate

The average bundle discount at Allstate is $966, or 21%. Without a bundle discount, customers pay $4,631 for coverage. After the bundle discount, customers pay $3,665 on average. Allstate ranked at No. 11 in our Best Auto Insurance Companies ranking and No. 5 in the Best Home Insurance Companies ranking.

Erie Insurance

The average bundle discount at Erie Insurance is $445, or 14%. Without the bundle discount, the average cost of coverage is $3,222. After the bundle discount, that cost goes down to $2,777. Erie Insurance ranked at No. 1 in our Best Auto Insurance Companies ranking and No. 1 in the Best Home Insurance Companies ranking.

Nationwide

The average bundle discount at Nationwide is $484, or 18%. Before the discount is added, the average cost of home and auto insurance is $2,751. After adding the bundle discount, the average cost is $2,267. Nationwide ranked at No. 4 in our Best Auto Insurance Companies ranking and at No. 7 in the Best Home Insurance Companies ranking.

Progressive

The average bundle discount at Progressive is $397, or 11%. Before getting a bundle discount, customers see average rates of $3,489 for coverage. With the bundle discount, customers see average rates of $3,092. Progressive ranked at No. 8 in our Best Auto Insurance Companies ranking and No. 10 in the Best Home Insurance Companies ranking.

Compare home and auto bundles in Virginia

The amount you can save on home and auto insurance with a bundle in Virginia varies by company. Here is a breakdown of the rates and savings with top companies.

Company	Premium after Bundle	Auto and home bundling (Survey)	Home survey	A.M. Best Score	% Difference	Overall Rating
State Farm	$1,995	47	87.4	A++	24%	82.03
Allstate	$3,665	39	85	A+	21%	70.22
Erie Insurance	$2,777	73	93.2	A+	14%	70.11
Nationwide	$2,267	42	86.6	A	18%	69.75
Progressive	$3,092	48	86.6	A+	11%	60.09
Travelers	$5,619	44	83.6	A++	11%	52.82

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What company offers the cheapest home and auto bundles in Virginia?

If you bundle your policies, State Farm gives you the highest discount. State Farm has the lowest overall rate for bundling.

Company	Home insurance premium	Auto insurance premium	Premium before Bundle	Premium after Bundle
State Farm	$1,415	$1,216	$2,631	$1,995
Virginia Farm Bureau	$1,241	$1,343	$2,584	$2,160
Nationwide	$1,565	$1,186	$2,751	$2,267
Erie Insurance	$1,950	$1,272	$3,222	$2,777
Progressive	$1,370	$2,119	$3,489	$3,092
Allstate	$1,709	$2,922	$4,631	$3,665
Travelers	$5,105	$1,194	$6,299	$5,619

Most and least expensive ZIP codes for home and auto insurance bundles in Virginia

Your ZIP code can determine how much of a discount you’ll receive for bundling your insurance and the base rates before the discount is applied. Below, you’ll find the least and most expensive ZIP codes for home and auto insurance bundles in Virginia.

Most expensive ZIP codes

The ZIP code 23459 in Virginia has the highest average cost for bundling home and auto insurance, at $4,667. See the top 10 most expensive ZIP codes below.

ZIP code	Average auto and home after discount	Average difference
23459	$4,667	15%
23461	$4,543	15%
23457	$4,410	16%
23451	$4,245	15%
23511	$4,031	16%
23454	$3,988	15%
23521	$3,938	16%
23460	$3,928	16%
23453	$3,923	16%
23503	$3,916	16%

Least expensive ZIP codes

The least expensive ZIP code in Virginia for bundling home and auto insurance is 22803, with an average cost of $2,403. Here are the 10 cheapest ZIP codes:

ZIP code	Average auto and home after discount	Average difference
22803	$2,403	17%
22802	$2,430	17%
22801	$2,439	17%
22807	$2,457	17%
24401	$2,529	17%
22201	$2,542	17%
22203	$2,555	16%
22601	$2,576	17%
24416	$2,584	17%
24422	$2,593	17%

Frequently asked questions about home and auto bundle insurance

Is bundling home and auto insurance right for everyone in Virginia?

Bundling your coverage can be one of the best ways to save on insurance. It also can be convenient to have all of your coverage with the same insurer. By bundling, you have one insurance company and can check all your coverages on a single website.

However, bundling might not always be the wisest option. For example, an insurer that offers a great deal on auto insurance might charge higher rates on homeowners insurance. In such a circumstance, you might be better off purchasing your auto insurance from one insurer and your homeowners coverage from another.

In addition, it is possible that an insurer might offer the coverage options you need for one type of insurance but not for the other.

Rather than simply assuming that a bundle is your best deal, it always pays to shop around.

“Remember when buying insurance that you’re doing so to protect your most valuable assets,” says Christine O’Brien, president of the Insurance Council of New Jersey. “Take the time to learn about policy limits and coverages and get several quotes.”

How can you switch to a home and auto bundle in Virginia?

Switching to a bundle is easy. Many people make this change when one of their policies is up for renewal. For example, if your auto insurance is with one company and your homeowners insurance is with another, you can decide to bundle your coverage with a single insurer the next time the coverage term for one of the two policies ends.

However, you do not have to wait until renewal to bundle your policies. If you decide to cancel one of your policies prior to the end of its coverage term, you should receive a refund for the months you will no longer be insured with the company.

If you decide to end coverage on one of your policies, be careful not to do so until you are sure your new coverage is in place and has been activated.

Methodology

Insure.com analyzed rates and discount averages provided by Quadrant Data Services in 2024 fielded from all 50 states and Washington, D.C. Rates were compared based on average home and auto premiums before bundling and after bundling based on the average multi-policy discount offered by each insurance company. The average total rate after the discount was calculated by subtracting a dollar amount equal to the average discount percentage from the pre-discount total rate.

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Chris Kissell

Contributing Researcher

Specializing in insurance and personal finance, Chris Kissell is a writer and editor whose work has been featured at Forbes, U.S. News & World Report, MSN Money, Fox Business, Yahoo Finance, Bankrate and Money Talks News. He is based in Denver.