You can find some of the best rates on car insurance by using a strategy called “bundling”. Bundling is a practice where you insure your car with an insurance agency also offering insurance for other items, such as homeowner’s insurance or life insurance. 

Not all insurance agencies advertise their bundling packages. So, you might not even know your insurance provider provides bundling! By asking your insurer for their discount options, you can find out if they offer bundling or not. If the agency you consider offers bundling, oftentimes the bundle package is negotiable. 

Bundling your insurance provides some benefits to your wallet: 

• Combine your services and policies in a way that gives you the coverage you want and the price that fits your budget. 
• Consumers who bundle their services save, on average, up to 20% on their monthly insurance bills. 

Do you own more than one vehicle? Simply ensuring both your vehicles with the same insurance company is considered bundling. Select this option if you do not want to transfer other types of insurance products to the new agency. 

Be aware that often insurance agencies do not offer the insurance products you want to use to bundle. They use third parties to offer the additional insurance. 

Is the use of a third party for the bundling a bad thing? It depends. If it lowers your overall monthly car insurance rate then the savings is worth it. 

However, if you do not like the idea of your information and policy being managed by yet another company, make sure to ask how it is managed as this information is not readily offered unless you ask.