The Best Auto and Renters Insurance Bundles for 2024
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The best auto and renters insurance bundles
Allstate: Renters premiums as low as $4/month.
American Family: Variable discounts.
Amica: Discounts up to 15%.
Auto-Owners: Variable discounts.
Farmers: Discounts up to 7%.
State Farm: Savings up to $704 per year.
Travelers: Discounts up to 5%.
USAA: Discounts up to 10%.
The best auto and renters insurance bundles of 2024
Bundling auto and renters insurance is often a good way to save money, with many insurers advertising discounts when you buy both policies. But before committing, you’ll want to be sure the company you’re considering offers good customer service and the coverage you need.
To find the best auto and renters insurance bundles, NerdWallet examined insurance companies that offer a bundling discount and earned at least a 4.5-star rating for both renters and car insurance. We limited the list to insurers with policies available in 10 or more states. Sample rates shown are before any bundling discounts are applied.
For more information, see our lists of the best renters insurance companies and the best car insurance companies.
See what you could save on car insurance
Easily compare personalized rates to see how much switching car insurance could save you.Allstate
Auto insurance | |
Renters insurance | |
Bundling discount | Renters premiums as low as $4/month with bundling discount. |
Why it's the best
Allstate’s policies are widely available across the U.S. and come with a variety of potential add-ons, including identity theft coverage and rideshare insurance. Although the company doesn’t advertise an exact bundling discount, it claims you could pay as little as $4 a month for renters insurance when you combine it with an auto policy.
Standout feature
Allstate offers two programs that can track your driving habits in exchange for savings. Milewise is a pay-per-mile program that may be a good deal for infrequent drivers. Drivewise rewards safe drivers who don’t engage in tracked behaviors such as speeding or hard braking.
Average auto insurance cost
$2,825 per year
Average renters insurance cost
$168 per year
Many discounts available.
User-friendly website with various useful features.
Offers rideshare insurance in many states.
Ranks below average for customer satisfaction in some J.D. Power studies.
American Family
Auto insurance | |
Renters insurance | |
Bundling discount | Variable discounts. |
Why it's the best
American Family has a long list of ways to save money on your renters and auto policies besides bundling. For instance, you can get a discount for driving safely, paying your premiums annually instead of monthly and maintaining your American Family policies for a certain amount of time.
Standout feature
You can buy accident forgiveness through American Family to ensure that your rates don’t go up after an at-fault crash. Or, if you’re an excellent driver, you may qualify for it without having to pay extra.
Average auto insurance cost
$1,996 per year
Average renters insurance cost
$182 per year
Wide range of discounts available.
Informative and user-friendly website.
Far fewer consumer complaints than expected.
Not available in all states.
Amica
Auto insurance | |
Renters insurance | |
Bundling discount | Up to 15%. |
Why it's the best
Amica offers strong customer service, drawing fewer consumer complaints to state regulators than expected for a company of its size, according to the National Association of Insurance Commissioners. It also ranks well in J.D. Power’s most recent customer satisfaction surveys. It advertises a bundling discount up to 15%.
Standout feature
You can pay a little extra for a dividend policy, which can return part of your premium to you if the company does well financially. Amica says its dividends are generally 5% to 20% of your annual premium.
Average auto insurance cost
$2,757 per year
Average renters insurance cost
Unavailable
Few consumer complaints.
Premium coverage available.
Some policies may be eligible for dividends.
Policies unavailable in select states.
Auto-Owners
Auto insurance | |
Renters insurance | |
Bundling discount | Variable discounts. |
Why it's the best
Although its policies are available in only about half the U.S., Auto-Owners insurance is worth considering, thanks to its low volume of consumer complaints and range of coverage options. It sells its policies through independent insurance agents.
Standout feature
The Renters Plus add-on includes extra coverage for refrigerated food that spoils in a power outage and for water damage from backed-up drains. This package also waives the deductible for claims related to glass damage.
Average auto insurance cost
$1,685 per year
Average renters insurance cost
$136 per year
Far fewer consumer complaints than expected.
Accident forgiveness available for at-fault car crashes.
Many discounts available.
Not available in all states.
No online quotes or claim filing.
Farmers
Auto insurance | |
Renters insurance | |
Bundling discount | Up to 7% off auto insurance when you have a renters policy. |
Why it's the best
Farmers offers a range of useful coverage options on its auto and renters policies. For instance, you can add coverage for original manufacturer parts if your car needs repairs after an accident. If you use your vehicle for services like Uber, Lyft or food delivery, you can also add rideshare coverage.
Standout feature
Farmers’ Signal app monitors your driving behavior, which can lead to a discount if you have safe habits. The optional CrashAssist feature uses cell phone data to sense whether you might have been in an accident. If you don’t confirm that you’re safe, it will alert emergency services to send help.
Average auto insurance cost
$3,730 per year
Average renters insurance cost
$203 per year
Lots of discounts available.
Fewer consumer complaints than expected for a company of its size.
Users can manage their policies online or through the app.
Not available in all states.
State Farm
Auto insurance | |
Renters insurance | |
Bundling discount | Up to $704 per year. |
Why it's the best
The largest auto and home insurer in the U.S., State Farm claims you can save up to $704 per year by bundling its renters and car insurance policies. State Farm’s website offers a seamless experience, allowing you to get quotes, file claims, get your ID and pay bills, often without even having to log in.
Standout feature
The Drive Safe & Save program tracks both your mileage and driving behaviors to provide potential discounts up to 30%.
Average auto insurance cost
$2,205 per year
Average renters insurance cost
$115 per year
Numerous discounts, including two programs — one for safe driving and the other for young drivers.
Few customer complaints for a company of its size.
Generous rental car and travel expenses coverage.
Doesn't offer gap insurance.
Travelers
Auto insurance | |
Renters insurance | |
Bundling discount | Up to 5%. |
Why it's the best
Travelers advertises bundling discounts up to 5%, along with plenty of other ways to save on your policies. For instance, discounts are available if you insure multiple cars, pay your policy on time or have safety devices in your rental property (such as smart-home technology).
Standout feature
Travelers rewards environmentally friendly drivers by offering a discount for hybrid or electric vehicles. The savings are available whether you lease or own the car.
Average auto insurance cost
$1,657 per year
Average renters insurance cost
$165 per year
Offers gap and new car replacement insurance.
Useful website features.
One of the largest insurance providers in the nation.
Ranks below average for customer satisfaction in recent J.D. Power surveys.
USAA
Auto insurance | |
Renters insurance | |
Bundling discount | Up to 10%. |
Why it's the best
USAA sells policies to active military, veterans and their families, with features tailored for these consumers. For example, those living in military housing can save up to 28% on their renters policy and 15% on their auto insurance. For your renters policy, there’s no deductible if your military equipment is damaged or stolen.
Standout feature
Most renters insurance policies won’t cover damage from flooding or earthquakes. USAA includes this coverage in its policies without an extra charge.
Average auto insurance cost
$1,397 per year
Average renters insurance cost
$142 per year
Renters policies cover damage from flooding and earthquakes.
Few consumer complaints.
One-stop shop for insurance plus investing and banking products.
Policies available only to the military community.
Learn more:
Should you bundle car and renters insurance?
Most insurance companies encourage bundling, but that doesn’t mean it’s always the right decision for you. Here are a few factors to consider.
Advantages of bundling
It’ll often save you money. In fact, depending on the size of the discount, you could end up essentially getting your renters policy for free. Say your car insurance costs $2,000 a year, and adding renters insurance gets you a 10% bundling discount. The average cost of renters insurance in the U.S. is $148 per year, according to NerdWallet’s analysis — so the $200 savings from your auto policy would be more than enough to cover it.
It makes managing your policies more convenient. Having both policies with one insurance company can make it easier to pay your bills and handle claims.
Disadvantages of bundling
It may not be the cheapest option. Depending on your circumstances, you may find that the best auto and renters insurance rates are from two separate companies, even without a bundling discount.
It may discourage you from shopping around. It’s easy to get complacent about your bundled coverage, especially since it’s more of a hassle to get quotes for multiple policies than just one. But you could miss out on potential savings if you don’t compare your options every year or two.
Your “bundle” may not actually be a bundle. Some auto insurers sell renters policies through third parties, which means you might not be able to manage both policies in one place.
» MORE: Why is my car insurance so high?
See what you could save on car insurance
Easily compare personalized rates to see how much switching car insurance could save you.Tips for saving money on auto and renters insurance
Shop around. The most affordable insurance company for your policies might not be the same from year to year. It’s smart to check rates on a regular basis, both with and without a bundle. An independent insurance agent can shop around on your behalf.
Raise your deductibles. A deductible is the amount of an insurance claim you’re responsible for. Choosing a higher deductible will lower your premiums, but the insurance company won’t pay as much if you ever have to file a claim. Make sure you have enough savings to cover the deductible amount you choose.
Ask about other discounts. Beyond bundling, most insurance companies offer a variety of potential ways to save on your policy. For example, you may get a discount if you’re insuring multiple vehicles or your car has anti-theft devices. See our full guide to car insurance discounts.
Improve your credit. In most states, insurance companies can use your credit history to help determine your rates — and people with poor credit tend to pay more. Learn how to improve your credit.
» MORE: How to save on car insurance
How we chose the best auto and renters insurance bundles
Our editorial team chose insurance companies with NerdWallet ratings of at least 4.5 stars for their renters and auto insurance products. All companies selected offer a discount for bundling renters and auto insurance policies. We excluded insurers with products available in fewer than 10 states.
NerdWallet’s star ratings reward companies for consumer-first features and practices. We evaluate factors such as:
The financial strength of each company.
Consumer complaints to state regulators.
Coverage options.
Discounts.
Consumer experience.
Methodology
Auto insurance star ratings methodology
NerdWallet’s auto insurance ratings reward companies for customer-first features and practices. Ratings are based on weighted averages of scores in several categories, including financial strength, consumer complaints and discounts. Our “ease of use” category looks at factors such as website transparency and how easy it is to file a claim. Using our editorial discretion, we also consider customer satisfaction surveys. These ratings are a guide, but we encourage you to shop around and compare several insurance quotes to find the best rate for you. NerdWallet does not receive compensation for any reviews. Read our editorial guidelines and full ratings methodology for auto insurance.
Renters insurance star ratings methodology
NerdWallet’s renters insurance ratings reward companies for customer-first features and practices. Ratings are based on weighted averages of scores in several categories, including financial strength, consumer complaints, coverage options, discounts and online experience. These ratings are a guide, but we encourage you to shop around and compare several insurance quotes to find the best rate for you. NerdWallet does not receive compensation for any reviews. Read our full renters insurance rating methodology.
Insurer complaints methodology
NerdWallet examined complaints received by state insurance regulators and reported to the National Association of Insurance Commissioners between 2021 and 2023. To assess how insurers compare to one another, the NAIC calculates a complaint index each year for each subsidiary, measuring its share of total complaints relative to its size, or share of total premiums in the industry. To evaluate a company’s complaint history, NerdWallet calculated a similar index for each insurer, weighted by market shares of each subsidiary, over the three-year period. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC. Ratios are determined separately for auto, home (including renters and condo) and life insurance.
Auto insurance rates methodology
NerdWallet found median rates based on public filings obtained by pricing analytics company Quadrant Information Services. We examined rates for men and women for all ZIP codes in any of the 50 states and Washington, D.C. Rates were for 35-year-old male and female drivers with good credit, no tickets or violations, and with the following coverage limits:
$100,000 bodily injury liability coverage per person.
$300,000 bodily injury liability coverage per crash.
$50,000 property damage liability coverage per crash.
$100,000 uninsured motorist bodily injury coverage per person.
$300,000 uninsured motorist bodily injury coverage per crash.
Collision coverage with $1,000 deductible.
Comprehensive coverage with $1,000 deductible.
In states where required, minimum additional coverages were added. We used a 2021 Toyota Camry LE in all cases and assumed 12,000 annual miles driven.
These are rates generated through Quadrant Information Services. Your rates will be different.
Renters insurance rates methodology
To find the average cost of renters insurance in the U.S., NerdWallet calculated the median rate for 30-year-old tenants from multiple insurance companies in every ZIP code across all 50 states and Washington, D.C. We also looked at median rates by city and state. Sample tenants were nonsmokers with good credit living in a two-bedroom apartment. They had a $500 deductible and the following coverage limits:
$30,000 in personal property coverage.
$100,000 in liability coverage.
$10,000 in additional living expenses coverage.
$1,000 in medical payments coverage.
We made minor changes to the sample policy in cases where rates for the above coverage limits or deductibles weren’t available.
These are sample rates generated through Quadrant Information Services. Your own rates will be different.
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