Can I bundle if my home and auto are in different states?

Some insurers allow cross-state bundling, but options may be limited and savings could be affected.

Bundling your home and auto insurance is a popular way to save money and simplify your coverage. However, if your home and automobile are located in different states, the process can become a bit more complex. Some insurance companies allow you to bundle policies across state lines, but not all do, and those that do might have specific requirements or limitations. Cross-state bundling may affect the discount you can receive; it might be smaller compared to when both properties are insured within the same state. This is because insurance regulations and risk assessments can vary significantly from state to state, affecting how insurers calculate premiums and discounts.

Imagine you live in New York City and own a vacation home in Florida, but you drive a car registered in New York. You're interested in saving money by bundling your car insurance with your home insurance. You contact several insurance providers to explore your options. One major insurer tells you that they offer cross-state home and auto bundling, but the discount is only 5%, compared to the 20% they offer for intrastate bundles. Meanwhile, another insurer does not offer cross-state bundles at all, while a third offers a cross-state option but has higher premiums for out-of-state properties.

If you're considering bundling your home and auto insurance across state lines, first make a list of potential insurance providers and reach out to them directly to inquire about their bundling policies. Ask specifically about cross-state bundling options and any differences in discounts. Be sure to compare not just the potential savings, but also the coverage options and premiums to ensure you're getting a policy that meets your needs. It might also be beneficial to consult an insurance agent who can guide you through the nuances of different policies and offer personalized recommendations.