Get a combined quote from a single carrier for both policies, verify the bundled total is lower than buying them separately, and switch both at the same time — bundling typically saves 5–15% on each policy.
Multi-policy (bundle) discounts exist because insurers reduce administrative overhead when one customer holds multiple policies. The III identifies bundling as the most consistently available discount in homeowners insurance, with savings typically ranging from 5–15% on each policy.
Before calling any insurer, have both declarations pages in hand. Note your current coverage limits, deductibles, and any endorsements. You need these to ensure any bundled quote matches your existing coverage — a lower bundled premium that achieves savings by reducing coverage isn't a real win.
Request bundled quotes — both policies together — from multiple carriers simultaneously. Ask each carrier to quote with identical coverage limits to your current policies. Some carriers are stronger on auto, others on homeowners — the bundle discount at one carrier may not overcome a disadvantage in base rates compared to another. The combined premium matters, not the individual policy discounts.
It's possible — though uncommon — that buying each policy from a different specialist carrier is cheaper than any bundled option. Check: the best standalone auto quote + the best standalone home quote vs. the best bundled quote. Whichever combination is lower wins.
Bind the new carrier's bundle on the same start date for both policies — same day as your existing policies end (or on a chosen overlap date). Cancel both old policies in writing and request refunds of unearned premium. Notify your mortgage lender of the new homeowners insurer immediately — lenders require this for escrow accounts.
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