In my experience, bundling car and home insurance may provide a small discount. But, when you do the math, they often overstate your actual savings because they don't include all of the other discounts. I was once told that my bundling discount was 25 percent, but when I actually calculated the policies separately, the discount was only about 3 percent. Currently, I have State Farm auto for about $380 for 6 months, and Progressive homeowners for $880 per year. I would never stay with a company just to keep a bundling discount. First, do the math. Don't take the agent's word for it.
Also, check to see how much you are paying for uninsured motorist insurance. It is mandatory in many states, but optional in Florida. Some people will disagree with me, but I don't have any UM insurance because I consider it to be mostly redundant with my health insurance. Even if I had UM insurance, I would never file a claim.
Last edited by retiredguy123; 10-31-2023 at 06:04 AM.
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