We all know how quickly life expenses can add up. Between a mortgage, car payments, children’s activities, and everyday living costs, finding ways to save money is a natural priority. You might be tempted to decline some coverage, viewing it as only “nice to have,” but personal insurance provides essential protection for your family and property. Allow us to show you a better solution for cutting costs with insurance companies in Pittsburgh: insurance bundling.
Here’s a quick look at how bundling works and why you should consider it.
What Is Insurance Bundling?
Insurance bundling combines multiple insurance policies, like auto, home, and life insurance, with a single provider. When you bundle these policies, some insurance companies in Pittsburgh offer discounts, making it a cost-effective choice for families. In addition to saving money, bundling simplifies your life by reducing the number of bills you need to keep track of each month. With just one provider, you manage your policies together, making handling renewals, updates, and claims easier.
The Benefits of Bundling Insurance
Financial Savings
One of the most attractive reasons for bundling is the potential to save money. On average, families can save up to 20% when they bundle their insurance policies, which can equate to significant savings over the course of a year. The bundling savings will depend on the underwriting criteria and the carrier selected.
Convenience and Streamlined Billing
Another perk of bundling is the convenience. Instead of juggling multiple policy periods and premiums, bundling consolidates your insurance coverage into a single payment. This consolidation streamlines your tasks and simplifies your financial management. Should you have to adjust your coverage or file a claim, all your communication funnels through a single provider and platform. Small efficiencies like these translate to more family time and less financial stress.
Comprehensive Coverage
A common misconception about bundling insurance is that it forces you to sacrifice quality coverage for the sake of a lower price. However, bundling does not mean you’re limited in your options or forced to compromise on coverage. It simply helps you save money without affecting the level of protection you need.
Bundling with Insurance Companies in Pittsburgh
Let’s see this option in action: the Johnsons, a typical Pittsburgh family of four, were looking for opportunities to cut back their monthly spending. They were paying for three separate policies on their home, car, and life insurance. Each policy came with its own premium, billed at various intervals throughout the year to different companies: $3,500 annually for their home insurance, $3,200 for car insurance, and $2,400 for life insurance.
Individually, these policies were fairly competitive rates, but we were able to do better for them. We reviewed options to consolidate their home, auto, and life insurance with a single carrier and, within days, achieved a combined rate that was 15% lower than their separate policies. By bundling, their overall premium lowered from $9,100 to $7,735, and their monthly expenses reduced by approximately $115.
This simple move also gave them peace of mind with streamlined billing and comprehensive coverage.
Factors That Affect Your Eligibility
While bundling can provide significant savings, the discount you receive will depend on several factors that vary by company, including:
- Claims History: If you’ve had multiple claims in recent years, some carriers may offer a smaller discount or none at all.
- Moving Violations: A history of speeding tickets or other violations could impact your eligibility for a bundling discount.
- Credit Score: Insurance companies may factor in your credit score when determining your eligibility.
Providing Flexibility in Your Carrier
At Eber & Associates, we work closely with you to find the best coverage that fits your family’s needs. We stand out among insurance companies in Pittsburgh and the surrounding area because of our broad network of insurance carriers. Unlike many agencies that work with just one or two providers, we offer a wide range of top carriers that offer competitive bundling discounts, ensuring you can still get the coverage you want. If you don’t qualify for a bundling discount with one provider, we’ll shop around and find another carrier that may better fit your needs.
Ready to start saving? Contact us today to learn more about bundling your insurance in Pittsburgh.
