Multi-Policy Bundles: Auto + Renters for the Biggest Discount
Bundling your auto policy with renters or homeowners coverage can unlock real, recurring savings. Many insurers apply a multi policy discount on your auto premium when you hold both policies with the same company. Depending on the carrier and state, the savings range from a few percent up to double digits, and some providers advertise even bigger potential when you combine multiple lines.
Quick take
You are less likely to churn when all your policies live in one place. Insurers share those administrative savings by discounting one or both policies.
Progressive cites average multi policy savings on auto in the mid single digits, with broader bundling available across home, condo, renters, and manufactured home. Some brands advertise higher maximums. See Progressive’s bundling page.
If your auto premium is already high, even a 5 to 10 percent discount can outweigh the entire renters premium in many states.
How bundling changes the math
Consider a simple model. If your auto premium is $2,000 per year, a 10 percent multi policy discount cuts $200 from the auto bill. If your renters premium is about $148 per year, your net out of pocket could be roughly the same as buying auto alone, while gaining renters protection for your belongings and liability. Consumer analyses often use this kind of back of the envelope math to show why bundling can make the renters policy feel nearly free when the auto premium is large enough.
Tip: If you want to activate the discount today, follow our same day steps in
Same Day Car Insurance and make sure both policies share the same name, address, and effective date.
What different insurers advertise
These figures are advertised examples and are not guarantees. Actual savings vary by state, underwriting, and policy details.
| Company | What they say | Source |
|---|---|---|
| Progressive | Multi policy discount on auto when you bundle with renters or home. Progressive also cites average savings of around 7 percent for auto + home, and single digit average for renters bundles. | Bundling overview; Auto discounts; Renters discounts |
| Allstate | Advertises up to 25 percent savings when you bundle home and auto online. Renters bundles are also eligible. | Allstate bundling |
| AAA (club dependent) | Examples show up to about 11 to 16 percent on auto with additional home or condo savings, varying by club and state. | AAA multi policy |
| Farmers | Notes up to roughly 7 to 10 percent for common bundles, depending on your state. | Farmers bundling |
Sources: Progressive bundling and discount pages; Allstate bundling page; AAA and Farmers public discount pages. Savings vary by state and policy.
Where bundling helps the most
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Young drivers and new households. If you are setting up your first apartment, renters is typically inexpensive, so the auto discount often outweighs the renters cost.
See our quick savings ideas in Cheap Car Insurance for New Drivers. -
People who need proof today. Buying both at once can simplify effective dates and paperwork.
Use our checklist in Instant Auto Insurance with Electronic ID Cards and Instant Proof of Insurance. -
Those who want fewer bills to manage. Single login and one renewal can reduce missed payments and accidental lapses. Some carriers market one bill convenience alongside bundling.
When separate policies can beat a bundle
Bundling is not a universal win. Two separate carriers can still be cheaper if one has a strong appetite for your auto risk and another is pricing renters aggressively. Always compare at least two quotes for the combined setup plus a split carrier setup.
- Quote auto + renters together at Carrier A. Save the combined price.
- Quote auto only at Carrier A and renters only at Carrier B. Add the two prices.
- Repeat with a second national carrier. The best price wins, as long as coverages match.
If you are undecided on coverage levels for the car, start with our explainer Comprehensive vs Collision and use the break even logic in Liability Only vs Full Coverage.
What actually gets discounted
Most carriers apply the multi policy discount primarily to the auto policy. Some discount both auto and renters. The percentage and eligibility can change by state, your loss history, and even how you buy online vs through an agent. Progressive’s pages outline that bundling yields a multi policy discount and quote flow is straightforward on desktop or phone.
Documentation you will need
- License number and date of birth
- VIN or plate, make, model, and garaging address
- Mileage and prior claims if asked
- Rental address and estimated personal property coverage
- Any landlord requirements and additional insured request
- Security devices for extra discounts with some carriers
- Pick the same effective date for both policies
- Save the ID cards and declarations pages to your phone
- Ask the agent to verify the multi policy discount is applied
Example: could renters be “free” after the discount?
Placeholders are useful, but a visual helps. Suppose you shop three carriers with the same coverages.
| Scenario | Auto | Renters | Bundle Discount | Total |
|---|---|---|---|---|
| Carrier A bundled | $2,000 | $150 | 10% | $1,950 |
| Carrier A auto + Carrier B renters | $2,000 | $120 | 0% | $2,120 |
| Carrier C bundled | $1,900 | $160 | 5% | $1,955 |
In this simplified example, Carrier A’s bundle with a 10 percent discount reduces the auto cost by $200, which roughly offsets the renters premium. Carrier C is close, so you would compare coverages, deductibles, and service as tie breakers.
A quick mid journey check
If you are buying a car today, read Buying a Car Today for proof requirements. If you plan to keep the policy long term, consider enabling a telematics program to stack more savings later in Telematics and Usage Based Insurance.
How to lock in the discount without headaches
- Quote both policies together and confirm the discount is visible in the price breakdown.
- Align names and addresses exactly across both applications to avoid underwriting delays.
- Set the same effective date and pay for both policies at checkout.
- Save proof to your phone and email. See Instant ID Cards for download tips.
- Calendar a renewal check thirty days before your next term. Re-shop if rates jump.
External reference
- Progressive: Bundling home and auto insurance - official overview, eligibility, and how the multi policy discount applies.