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Bundling your homeowners and auto insurance policies with one carrier can reduce your premium costs — and nowhere are those savings greater than at State Farm. 

State Farm offers an average multi-policy discount of 24% to those who bundle their coverage, according to an survey of the nation’s biggest insurance companies. 

State Farm also charges the lowest average price for bundled coverage among the companies we analyzed. Policyholders who bundle their home and auto coverage with State Farm pay an average of $2,853 annually. 

That represents a savings of $938 compared to what you would pay at State Farm for the two policies if you didn’t earn a discount for bundling them. 

Overall, the average bundling discount is 17%. Buying separate home and auto policies without a bundling discount would cost an average of $4,611 annually. 

With the bundling discount, policyholders save an average of $783.

Key Takeaways

  • State Farm offers the biggest percentage discount to policyholders who bundle their home and auto insurance. 
  • The average bundling discount across the top insurance companies is 17%. 
  • Despite the savings for bundling, there are instances where it makes more sense to buy separate policies.

How we picked the best companies for home and auto bundling analyzed home and auto insurance rates from Quadrant Data Services in 2024 for all 50 states and Washington, D.C. 

The average discount from each company for home and auto bundling was also analyzed. Using this data, before- and after-bundling rates were calculated. 

We analyzed top companies and broke down costs by individual state and ZIP code.’s choice: Best companies for bundling home and auto

Regardless of which insurance company you choose, you will almost always save money by bundling your coverage

“You typically can save on premium if you bundle your car insurance with a homeowners policy from the same carrier,” says Christine O’Brien, president of the Insurance Council of New Jersey.

However, some companies offer better multi-policy discounts than others. 

Here are the five companies that offer the biggest discounts to those who bundle home and auto coverage, according to the analysis. 

State Farm

At State Farm, policyholders can cut costs by about 24% through bundling, earning an average discount of $938. State Farm’s total average rate for home and auto with a bundle is also the lowest overall.


Nationwide policyholders see their premium costs tumble by 18% and save an average of $777 when they bundle their coverage. Nationwide’s higher base rate for home insurance means the overall rate isn’t as impressive as that from State Farm.

Farmers Insurance

Policyholders at Farmers Insurance also save an average of 18% by bundling. That trims rates by $1,111, the largest dollar amount of savings among the companies analyzed. However, Farmers’ rate before bundling is the second-highest among top companies, leaving overall rates higher than competitors.

American Family

American Family’s average bundling discount is 17%, or $685 in terms of dollars and cents. Lower base rates also land AmFam among the cheapest overall after bundling, although not the cheapest.


At Allstate, customers can save an average of 16% by bundling, which generates an average annual discount of $732. Allstate’s base auto insurance rate is higher than most competitors, so the overall bundled rate isn’t as cheap as other options.

Home and auto bundle insurance comparison

Here is a closer look at the top 10 insurance companies and how much you can save at each of these companies by bundling your coverage. 

CompanyAverage annual home premiumAverage annual auto premiumTotal without bundleTotal with bundleSavings
State Farm$2,124$1,667$3,791$2,85324%
Farmers Insurance$3,364$2,440$5,804$4,69318%
American Family$2,347$1,677$4,025$3,34017%
Erie Insurance$2,378$1,570$3,948$3,33215%

*USAA is only available to military members, veterans and their families.

What company provides the cheapest home and auto bundle quotes?

These are the companies that offer the cheapest converge for those who bundle their home and auto coverage:

CompanyAverage annual home premiumAverage annual auto premiumTotal before bundleTotal after bundle
State Farm$2,124$1,667$3,791$2,853
Erie Insurance$2,378$1,570$3,948$3,332
American Family$2,347$1,677$4,025$3,340
Farmers Insurance$3,364$2,440$5,804$4,693

*USAA is only available to military members, veterans and their families.

Home and auto insurance bundle rates in the top states by population

Here is a look at how big a discount you can get by bundling for the leading companies in your state. The table below shows the biggest available discount in each state and which company offers it,

TABLE: Biggest auto and home discount in the top 10 states by population

StateCompanyAverage annual rateAverage discount %
TexasState Farm$4,44624%
New YorkNYCM Insurance$4,12123%
PennsylvaniaState Farm$2,58924%
OhioState Farm$2,22926%
GeorgiaState Farm$3,29627%
North CarolinaNationwide$2,93134%
MichiganState Farm$5,32321%

Home and auto insurance bundle rates in major cities

We looked at a selection of major cities in the U.S. to see how they compare for auto and home bundling discounts. Below are the biggest available discounts for each city and which company offers them.

TABLE: Biggest auto and home bundle discount in major cities

CityCompanyAverage annual premiumAverage discount %
PhoenixState Farm$2,72425%
San DiegoNationwide$2,77623%
San FranciscoNationwide$3,22923%
San JoseNationwide$3,08622%
DenverState Farm$3,84226%
IndianapolisIndiana Farm Bureau Grp$4,46528%
Washington, D.C.State Farm$2,50624%

How does a home and auto bundle affect car insurance rates?

The amount you can save with a multi-policy discount isn’t the same for each policy; it may be higher for auto than for home or vice versa. Here is a breakdown of how much bundling can reduce your car insurance rate.

State Average home insurance premium Average auto insurance premium Total before bundle Total after bundle
Washington, D.C.$1,343$2,573$3,915$3,310
North Carolina$2,723$1,262$3,985$2,987
North Dakota$2,746$1,720$4,466$3,787
New Hampshire$1,320$1,309$2,629$2,125
New Jersey$1,105$2,074$3,179$2,662
New Mexico$2,280$1,815$4,095$3,171
New York$1,828$3,985$5,814$4,920
Rhode Island$1,676$2,506$4,182$3,405
South Carolina$2,545$1,862$4,407$3,740
South Dakota$3,477$1,980$5,457$4,552
West Virginia$1,675$1,704$3,378$2,884

When should you consider bundling home and auto insurance?

Bundling home and auto insurance can often net you a discount that will allow you to save money on both policies. For this reason, it always makes sense to ask potential insurers how much you can save by bundling your coverage. 

However, bundling does not guarantee you will save money compared to buying your home and auto insurance from two separate insurance companies. 

There might be situations where you can get a great deal on one policy with one insurer but a much better price on the other policy with another insurer. 

So, it is important to ensure that bundling your coverage will earn you a big enough discount to outweigh the cost of purchasing auto and homeowners coverage separately at two different insurance companies. 

Frequently asked questions

How do you buy a home and auto insurance bundle?

You don’t actually purchase a bundle – rather, by buying more than one type of coverage with an insurer, you should automatically qualify for a bundle discount, usually called a multi-policy discount, if available. 

The key to getting the bundle discount is to buy more than one qualifying type of insurance policy with a company. If you do this, the multi-policy discount should automatically be applied to your account. 

Each insurance company has its own policy in terms of what qualifies for a bundle and how much you can save. So, shop around and ask about bundling discounts at every company you are considering when purchasing insurance coverage. 

“Afford yourself the time to shop for insurance with multiple carriers,” O’Brien says. “Each insurer offers various discounts — including if you bundle your multiple insurance needs with one company.” 

Can you bundle car and renters insurance?

Yes, many companies offer a discount when you bundle car insurance and renters insurance

However, it is important to confirm with individual insurers that they offer discounts to those who bundle car and renters insurance — and to ask how much you can save for doing so — before you purchase a policy.

What are the pros and cons of home and auto insurance bundles?

The biggest pro to bundling home and auto insurance policies is that doing so will likely earn you a discount on the cost of both policies. 

In addition, many policyholders find it more convenient to purchase both policies from the same insurer. This can streamline the paperwork process, allowing you to keep one insurance agent with a single company and find all your insurance information on that company’s website. 

However, there can be some cons with bundling a policy. 

Bundling does not guarantee you will pay the lowest overall cost for all your coverage. For example, it is possible that you could save money by purchasing one type of coverage with one insurer and another type of coverage with a separate insurer. 

It is also possible that your coverage options might be limited if you stick with one insurer. For example, maybe one insurer offers a great deal on homeowners insurance but does not offer an accident forgiveness perk with its auto policy. 

Methodology 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.


What our expert says

Christine O’BrienPresident of the Insurance Council of New Jersey
“Afford yourself the time to shop for insurance with multiple carriers, Each insurer offers various discounts — including if you bundle your multiple insurance needs with one company.”
author image
Chris Kissell
Contributing Researcher


Chris Kissell is a Denver-based writer and editor with work featured on U.S. News & World Report, MSN Money, Fox Business, Forbes, Yahoo Finance, Money Talks News and more.