One definition of bundle is as follows: collection of things held together: a number of things tied, wrapped, or held together.
With the economy still struggling, most people are looking for the best ways to save money.
As far as insurance goes, many have found they can get the best savings on insurance by bundling their products with one company.
That is because the insurance companies typically give more discounts with the more products you have purchased.
Typically, the most common products to bundle are auto with home or renters. Many people still have those policies with different companies. Some companies will not write a home policy without having an auto policy.
The discounts vary by company, but can be substantial. With premiums increasing virtually every year on home insurance, a discount of up to 20 percent can mean big savings on your premium.
You should also check on getting other policies with the same company. Some companies also give you a discount for carrying life insurance with the same company, or an affiliate. Also, there are discounts on products such as motorcycle, ATV, boat and others by having them with the same company that insures your auto and home.
This also helps you develop a stronger relationship with your agency and makes you more valuable to the agency. No agency likes to lose a customer, but especially one with two or more products.
That gives you a little more leverage and will make your agent work harder for you to find you savings with other discounts, or to make sure you are satisfied if you have to file a claim.
For more information on bundling, or to find out if you are getting all the discounts you are entitled to, call or visit your local agent.