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Peter Schumacher AINS, AIS

86 Leisure World

Mesa, Arizona 85206

(602) 750-0616

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Can you still save money by bundling Auto & Home Insurance in Mesa?

Originally posted 09-06-2022

Post updated 12-07-2022

PJS Insurance Services Mesa, AZ

When it comes to insurance, we all look for ways to save money. Historically, one of the easiest and most common ways to save is by bundling auto and home insurance with one company.

In addition to Arizona auto and home insurance, some companies offer discounts for bundling renters, condo, mobile home, and umbrella insurance too.

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Insurance companies Mesa AZ offer bundling — or what they call multipolicy discounts — because they want to maximize their profits and get more of your business. Once they get your business, they want to keep it; retention rates are higher among customers who bundle home and auto insurance or other policies. 

Discounts vary from one company to the next and by location, but they generally range from 10% to 20% or more for each policy bundled.

With bundling also come conveniences, like getting one bill for all your insurance premiums and having an agent review all your coverage in one sitting.  

There are other advantages, too. If your driving record takes a turn for the worse or you’ve made a high number of auto insurance claims, having all your policies under one roof might protect you from being dropped by your insurance company.

Rising Mesa Auto Insurance Premiums are Killing Home Bundles, J.D. Power Finds 

The future of the Arizona home and auto insurance bundle, once a mainstay of property and casualty (P&C) insurance customer retention and lifetime value strategies, has come into question as legions of customers have started to break-up their polices. According to the J.D. Power 2022 U.S. Home Insurance Study,SM released in September, rapidly rising auto insurance premiums are largely to blame for potential defection among bundlers. 

“Sky-high auto loss costs and resultant auto premium increases are creating ripple effects throughout the insurance industry and, as a result, one area that is being severely disrupted is the home and auto insurance bundle,” said Robert M. Lajdziak, director, global insurance intelligence at J.D. Power. “Homeowners, and particularly bundlers, have traditionally been less price-motivated than the typical monoline auto customer, but we are beginning to see cracks in that foundation. That puts the focus for insurers squarely on the overall brand experience their customers are receiving—across all lines—and on understanding how changes in one area, such as telematics adoption in an auto policy, can affect the entire customer journey.” 

Following are some key findings of the 2022 study: 

How can I find additional insurance savings going into 2023?

"There is a difference. To find out how our Arizona Independent Insurance Agency can help you find the right insurance coverage at the greatest savings, please contact PJS Insurance Services today. Give us a call at 602-750-0616 or 

Request more information here."

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PJS Insurance Services in Mesa AZ, select the arrow to go back to the main blog page, call (602) 750-0616