- Cheapest home and auto bundles in Oregon
- The companies offering the cheapest home and auto bundles in Oregon
- Biggest home and auto bundle discounts in Oregon
- How do home and auto bundles affect car insurance rates in Oregon?
- What are the best home and auto insurance companies in Oregon?
- How does bundling home and car insurance work?
- The pros and cons of home and auto insurance bundles
- Should you bundle home and auto insurance in Oregon?
- Methodology
- FAQs: Home and auto insurance bundling
Cheapest home and auto bundles in Oregon
The price you pay with a home and auto bundle depends on the base prices for the home and auto policies plus the amount discounted on each policy. The table below shows the average rates for home insurance and auto insurance and how much the total premium is with and without the bundling discount.
The cheapest car and home bundles in Oregon are from State Farm, followed by Nationwide.
| Company | Home premium | Auto premium | Bundle premium | Without bundle premium |
|---|---|---|---|---|
| State Farm | $1,106 | $1,217 | $1,701 | $2,323 |
| Nationwide | $1,038 | $1,255 | $1,862 | $2,293 |
| American Family | $1,020 | $1,543 | $2,158 | $2,563 |
| Farmers | $1,641 | $1,981 | $2,909 | $3,622 |
| Allstate | $1,256 | $2,433 | $3,147 | $3,689 |
| Country Financial | $2,342 | $1,705 | $3,207 | $4,047 |
The companies offering the cheapest home and auto bundles in Oregon
State Farm
Our take: State Farm topped the list of auto insurance companies in a recent ranking, with customers giving it extremely high satisfaction scores. The company is also the top pick for home insurance, with customers giving it high marks for customer satisfaction, ease of service and for its various policy offerings. State Farm is the biggest property and casualty insurance company in the nation.
Nationwide
Our take: Nationwide auto customers give it high marks for affordable rates and claims satisfaction. Its home insurance rates aren’t the lowest, but they are still cheaper than many competitors. Nationwide, the tenth-largest property and casualty insurance company in the nation, ranked third for claims satisfaction in J.D. Power’s 2023 survey.
Biggest home and auto bundle discounts in Oregon
With an average of 27%, the largest discount for bundling home and auto insurance can be found at State Farm. In contrast, at only 15%, the smallest multi-policy discount of the companies reviewed belongs to Allstate.
| Company | Home and auto bundle discount |
|---|---|
| State Farm | 27% |
| Country Financial | 21% |
| Farmers | 20% |
| Nationwide | 19% |
| American Family | 16% |
| Allstate | 15% |
How do home and auto bundles affect car insurance rates in Oregon?
The table below displays Oregon auto insurance rates both before and after a bundling discount is applied. The cheapest price after the multi-policy discount belongs to State Farm at $974. The most significant discount on auto is offered by Farmers at 24%.
| Company | Auto premium before bundling | Auto premium after bundling | $ difference after bundling | % difference after bundling |
|---|---|---|---|---|
| State Farm | $1,217 | $974 | $244 | 20% |
| Nationwide | $1,255 | $1,026 | $229 | 18% |
| American Family | $1,543 | $1,293 | $250 | 16% |
| Country Financial | $1,705 | $1,463 | $242 | 14% |
| Farmers | $1,981 | $1,503 | $478 | 24% |
| Allstate | $2,433 | $2,139 | $294 | 12% |
What are the best home and auto insurance companies in Oregon?
When shopping for the right company for your home and auto insurance, it’s important to consider more than just bundling. You want a company that has a solid reputation as well as great rates. Below are the best home and auto insurance companies in Oregon overall based on our analysis of rates, financial stability and customer complaints.
| Company | AM Best | NAIC | Average annual premium | Insurance.com score |
|---|---|---|---|---|
| American Family | A | 0.37 | $1,330 | 5.00 |
| Farmers | A | 0.54 | $2,041 | 4.74 |
| Nationwide | A+ | 0.87 | $1,238 | 4.19 |
| State Farm | A++ | 0.95 | $1,294 | 4.07 |
| Country Financial | A+ | 0.26 | $2,750 | 4.04 |
| Allstate | A+ | 0.90 | $1,709 | 3.72 |
| Company | AM Best | JD Power by state | NAIC | Average annual premium | Insurance.com score |
|---|---|---|---|---|---|
| Country Financial | A+ | 828 | 0.34 | $1,527 | 3.64 |
| Travelers | A++ | 810 | 0.49 | $1,318 | 3.51 |
| State Farm | A++ | 821 | 0.70 | $1,502 | 3.36 |
| Nationwide | A+ | 810 | 0.64 | $1,411 | 3.20 |
| Geico | A++ | 797 | 0.91 | $1,683 | 3.12 |
| Progressive | A+ | 807 | 0.65 | $1,765 | 3.04 |
| Farmers | A | 796 | 0.80 | $2,210 | 2.70 |
| Allstate | A+ | 783 | 0.65 | $2,945 | 2.54 |
How does bundling home and car insurance work?
The concept of bundling is pretty basic. You buy more than one type of insurance from the same company and, in exchange for the increased business, the insurance company gives you a discount. And there’s an additional benefit for the insurer for offering bundles: Customers who bundle are more likely to renew their policies.
You typically get discounts on both car insurance and home insurance when you bundle coverage. The discount isn’t the same for both policies. Each provider has its own discount formulas. Companies may offer a more substantial discount on one than the other.
The pros and cons of home and auto insurance bundles
The biggest benefit of bundling your home and auto insurance is a decreased premium.
But keep in mind that you won't always save money bundling. You could find an insurer with a low price on one of the two policies, which could result in better savings than a bundle. Here’s how that works:
- If you currently pay $1,000 for car insurance from one insurer and $1,200 for home insurance from another, that's a total of $2,200.
- But let's say you decide to buy your home insurance from your auto insurer. The cost for the new home insurance policy is $1,500, or $300 more than your current cost.
- Your total rate under the bundle would be $2,500, a $300 increase.
- That means you'd need a bundle discount of at least $400 or so to lower the total bundle rate enough to save money compared to the price you currently pay for separate policies.
That's why you should compare home and auto insurance bundle quotes to what you're paying for separate policies. Rates on bundles aren't always lower.
Should you bundle home and auto insurance in Oregon?
Prior to signing up for an auto and home bundle, it’s important to shop around. Bundling your car and homeowners insurance has many advantages; you only have to deal with a single company and with a single bill, and you typically get a discount on both policies. However bundling isn’t always the best deal.
Some companies have cheap car insurance rates but less competitive home insurance rates, and vice versa. You might pay less overall by choosing two different companies for your insurance.
Shop around and evaluate Oregon car insurance rates on an individual basis and with a bundling discount to make sure you’re getting the best deal before you buy.
Methodology
In the spring of 2023, Insurance.com analyzed rate and discount data from Quadrant Data Services. The rates, from 2022, are the most recent available to Insurance.com and are based on a 40-year-old male driver with a 12-mile daily commute, good credit and a clean driving history. Rates were fielded for a full-coverage policy (100/300/100 with a $500 collision and comprehensive deductible). Homeowners insurance rates are based on $300,000 in dwelling coverage with $300,000 in liability and a $1,000 deductible.
FAQs: Home and auto insurance bundling
Below are answers to common questions about bundling home and auto bundles and other multi-policy discounts that can save you money on your insurance.
What information do you need to bundle your policies?
To bundle your policies you will need all of the details for both the cars and the home you want to insure. That includes VINs, driver information and details about the home. Your current home and auto policies will list this information for easy reference.
Is there a limit on how many policies can be bundled?
Typically, you can purchase as many insurance policies as you want from the same company. However, that doesn’t mean you can take advantage of a bundling discount with every policy you buy. There may be a limit on the number of policies you can bundle with one company. For instance, you might only qualify for a bundling discount on the three most expensive policies. You should speak with an agent from your insurance company to learn more about the possible restrictions.
What type of insurance policies can I bundle?
Multi-policy discounts can also apply to other types of insurance policies that you buy from the same insurance company. Depending upon the insurer, you may also be able to bundle these types of insurance policies:
- Condo
- Renters
- Motorcycle
- RV
- Life
Some auto insurance companies don't write homeowners insurance, but some may align themselves with a home insurer to offer a discount. Ask your agent or customer service representative to see if you can bundle multiple insurance policies.
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