Best Home and Auto Insurance in USA of 2023

Bundling is a common practice in the insurance industry. It involves purchasing multiple insurance policies, like homeowners and auto, from the same insurance company. Also known as a multi-policy or multi-line discount, bundles can be one of the best ways to save on insurance premiums, with some companies promising anywhere from 10% to 25% in savings. This can also simplify bookkeeping habits as some companies will use one billing account for all policies and/or have online account features that allow you to pay all policies in one place. In this article, we’ll discuss the results of our Best Home and Auto Insurance Bundles of 2023 rating.

Hispanic family standing in front garden outside home

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#1 USAA
#2 State Farm
#3 Nationwide
#4 Farmers Insurance
#5 Allstate
#5 American Family

Best Home and Auto Insurance Bundles of 2023

USAA

 

Pros:

  • No. 1 company in our homeowners, car insurance ratings

  • Homeowners policies include personal property replacement cost

  • Cheapest auto insurance rates on average among companies in our survey

Cons:

  • Only available to members of the U.S. military, veterans, and families

 

Our top-rated insurance company for bundles, USAA is No. 1 in both our Best Car Insurance Companies of 2023 and our Cheapest Car Insurance Companies of 2023 ratings. It is also No. 2 in Best Homeowners Insurance Companies of 2023 rating. USAA is based in San Antonio, Texas, and its policies and services are only available to U.S. military members, veterans, and their families. With a wide portfolio of insurance products, which includes policies for homeowners, renters, autos, life, health, pets, small businesses, and personal property, the company has earned an AM Best rating of A++ (Superior) for financial strength.

USAA earns high marks for excellent customer service, claims handling, and customer loyalty for its auto insurance product. For homeowners, the company offers a standard policy that includes replacement cost coverage for personal property and uniform coverage for active duty and deployed military members. Policyholders can bundle these two policies – or bundle an auto and renters policy together – and earn up to 10% in savings.

For more information read our USAA homeowners and car insurance reviews.

 

State Farm  »

State Farm

 

Pros:

  • Cheapest rates on average for home insurance, according to our analysis

  • Local agents available nationwide

  • Available in all states and Washington, D.C.

Cons:

  • Fewer home insurance discounts than other companies in our ratings

  • Few extras included with standard homeowners coverage

 

State Farm takes the No. 3 spot in our rating of the Best Home and Auto Insurance Bundles of 2023.

On the auto insurance side, State Farm offers multiple coverage options, including comprehensive, collision, and liability coverage, among others. Depending on what you can afford and what you need in terms of coverage, State Farm allows you to set your own deductible and coverages, making it a customizable choice. Discounts include safe driver and safe vehicle savings and multiple auto savings, for having multiple vehicles insured through State Farm.

For homeowners insurance, State Farm offers a similar kind of customizable plan, helping you to determine how much and what kind of coverage your home needs. Discounts include home security discounts as well as roofing discounts. However, the easiest way to save is to bundle your home and auto policies with State Farm.

For the full reviews, read our State Farm homeowners and car insurance page.

 

Nationwide  »

Nationwide

 

Pros:

  • Ordinance or law coverage standard with home insurance policies

  • Wide range of discounts for both auto and home insurance

Cons:

  • Replacement cost is not standard

  • Coverage not available in all states

 

Rated as No. 3 in our Best Home and Auto Insurance Bundles of 2023, Nationwide is No. 2 in our Cheapest Homeowners Insurance Companies of 2023, No. 4 in our Cheapest Car Insurance Companies of 2023, and tied for No. 3 with Farmers and Geico in our Best Car Insurance Companies of 2023 ratings. Nationwide writes policies through licensed agents in most states – state availability differs for its auto and home insurance products, but Alaska, Hawaii, Louisiana, and Massachusetts are excluded from coverage for both lines of business. Homeowners insurance is also not available in New Jersey, Florida, and New Mexico. Based in Columbus, Ohio, Nationwide has a financial strength rating of A+ (Superior) with AM Best.

Nationwide offers standard home and auto insurance policies with several options and discounts for customization. Its home policies automatically include ordinance or law coverage, and policyholders can add replacement cost coverage for their home and personal property and Better Roof Replacement materials. They also have the option to include accident forgiveness and vanishing deductibles on their auto insurance policies. Nationwide offers a bundling discount of up to 20% for customers who purchase auto and home insurance together. The company also has a variety of other bundling options, including auto and renters, auto and boat, renters and motorcycle, and auto, home, and life insurance.

For the full reviews, read our Nationwide homeowners and car insurance page.

 

 

Farmers Insurance  »

Farmers Insurance

 

Pros:

  • Farmers Smart Plan policies have claim and accident forgiveness

  • Three tiers of home insurance policies offered

Cons:

  • Not available in all states

  • Premiums for auto insurance are higher than national averages

 

Farmers Insurance places No. 4 in our Best Home and Auto Insurance Bundles rating. It also places No. 3 in our Cheapest Home Insurance Companies and ties for third for Best Car Insurance Companies of 2023 with Nationwide and Geico.

The auto insurance premiums from Farmers run higher than national averages we reviewed. The company has a range of policies and discounts and is available in all states except:

  • Alaska
  • Delaware
  • Hawaii
  • Maine
  • New Hampshire
  • Rhode Island
  • Vermont
  • West Virginia

Farmers also isn’t available in Washington D.C., and it doesn’t offer home insurance in South Carolina. To those who can get Farmers, the company offers three tiers of its standard Smart Plan home insurance policies, which include Standard, Enhanced, and Premier.

Customers who purchase both their home and auto policies through the Smart Plan program will have more features to choose from. This includes accident and claim forgiveness that will help mitigate increases to your premium after filing initial claims.

Farmers offers customers several options for bundling, including auto, life, umbrella, and home policies. These bundling options can save you up to 20%. Farmers has earned an A rating for financial security with AM Best.

For the full reviews, read our Farmers homeowners and car insurance page.

 

Allstate  »

Allstate

 

Pros:

  • Large variety of coverages, including green improvement reimbursement and home-sharing coverage

  • Available in all states and Washington, D.C.

Cons:

  • Some of the most expensive rates in our ratings

  • Replacement cost not standard

 

Allstate is tied for No. 5 with American Family in our Best Home and Auto Insurance Bundles of 2023 rating. However, it is amongst the lower-rated companies in our other reviews – it’s No. 9 in both our Best Homeowners Insurance Companies and Cheapest Car Insurance Companies of 2023. It also has the second-highest monthly premium for the sample home policy we analyzed. Headquartered in Northbrook, Illinois, Allstate has almost $51 billion in revenue and about 138,300 employees and agents according to its 2021 year-end report. The company writes insurance in all 50 states in addition to Washington, D.C. AM Best has given Allstate an A+ (Superior) rating for financial strength.

Along with its standard auto and home insurance policies, Allstate offers several optional coverages, including green improvement reimbursement to replace an item with an energy-efficient one after a covered loss, HostAdvantage to provide theft and property damage coverage for those who rent out a room or their entire home, and replacement cost coverage to exclude depreciation from personal property valuation. Allstate has different policy bundling combinations available: home and auto, renters and auto, and motorcycle and renters. Allstate’s bundling discount is on the higher end of the spectrum, promising savings up to 25% for purchasing home and auto insurance together.

For the full reviews, read our Allstate homeowners and car insurance page.

 

American Family  »

American Family

 

Pros:

  • Wide variety of standard and optional coverages

  • Local agents available

Cons:

  • Replacement coverage not standard in all homeowners packages

  • Only available in 19 states

 

Tied for No. 5 with Allstate in our Best Home and Auto Insurance Bundles of 2023 rating, American Family is in the middle of our various company analyses. It is, however, No. 10 in our Best Car Insurance Companies of 2023 rating and has the highest sample premium for home insurance. American Family has its headquarters in Madison, Wisconsin, and only offers its auto and home insurance products in 19 states through local agents. The company has a financial security rating of A (Excellent) from AM Best.

American Family has a standard auto insurance policy, and its home insurance is offered in three protection packages: Economy, Traditional, and Premier. Personal property replacement cost coverage is automatically included with the latter two. Its optional homeowners coverages include equipment breakdown, matching siding protection, hidden water damage, and nursing and assisted living coverage. American Family offers insurance bundles for combining home and auto, renters and auto, or life and auto coverages. Bundling discounts with American Family range from 5% for auto and renters packages to 23% for auto and home packages.

For the full reviews, read our American Family homeowners and auto insurance page.

 

The right home and car insurance bundle for you will include all of the required insurance for your state and assets. It is important for both the homeowners policy and auto policy to cover everything required by your state and your lender. They should also provide enough coverage to meet your individual needs. Below we will explore how to find the best individual homeowners and auto policies for you.

For more information, read How Much Can You Save Bundling Your Car Insurance?

With so many coverage options and insurance companies to choose from, finding the best homeowners policy can seem overwhelming at first. By breaking the process down into simple steps, we’ve made it easier to select the best, affordable homeowners insurance company, policy, and coverage for your needs.

  1. Determine how much coverage you need to rebuild your home. The amount of coverage you need will partly depend on the cost to rebuild your home, along with any fences, pools, and detached buildings on your property in the event of a total loss. You can estimate rebuilding costs on your own or seek advice from a local real estate professional to determine local building costs per square foot.
  2. Estimate cost to replace possessions. You’ll want to estimate the cost to replace the possessions in your home and on your property. Don’t forget to include musical instruments, sporting equipment, and outside items, such as a barbecue grill, as well as certain valuables and collectibles that may be tucked away out of sight.
  3. Document personal items and property. A good way to have a record of personal items is to go through your home and take pictures or record a video of each room and its contents, making updates from time to time to include newer purchases. Once you’ve completed your record, find a secure place to store it remotely.
  4. Choose a reputable insurance company. Once you have an idea of how much coverage you need, look for a reputable insurance company that offers coverage in your area, has competitive rates, and is financially solid.
  5. Bundling is a common practice in the insurance industry. It involves purchasing multiple insurance policies, like homeowners and auto, from the same insurance company. Also known as a multi-policy or multi-line discount, bundles can be one of the best ways to save on insurance premiums, with some companies promising anywhere from 10% to 25% in savings. This can also simplify bookkeeping habits as some companies will use one billing account for all policies and/or have online account features that allow you to pay all policies in one place. In this article, we’ll discuss the results of our Best Home and Auto Insurance Bundles of 2023 rating.

     

    Hispanic family standing in front garden outside home

    (MONKEYBUSINESSIMAGES)

     

     

     

     

    Best Home and Auto Insurance Bundles of 2023

    USAA »

    AM BEST RATING A++
    MULTIPRODUCT DISCOUNTS 
    See Review »
    State Farm »

    AM BEST RATING A++
    MULTIPRODUCT DISCOUNTS 
    See Review »
    Nationwide »

    AM BEST RATING A+
    MULTIPRODUCT DISCOUNTS 
    Compare Quotes »
    Farmers Insurance »

    AM BEST RATING A
    MULTIPRODUCT DISCOUNTS 
    Compare Quotes »
    Allstate »

    AM BEST RATING A+
    MULTIPRODUCT DISCOUNTS 
    Compare Quotes »

    Expand List

     

     

     

    USAA  »

    USAA

    Caters to Military Families

    AM BEST RATINGA++
    ONLINE TOOLSOnline Estimate
    MULTI POLICY DISCOUNT AVAILABLE
    BUNDLING DISCOUNTUp to 10%

    SEE REVIEW

    Any rates listed are for illustrative purposes only. You should contact the insurance company or insurance agent directly for applicable quotes.

     

    USAA

     

    Pros:

    • No. 1 company in our homeowners, car insurance ratings

    • Homeowners policies include personal property replacement cost

    • Cheapest auto insurance rates on average among companies in our survey

    Cons:

    • Only available to members of the U.S. military, veterans, and families

     

    Our top-rated insurance company for bundles, USAA is No. 1 in both our Best Car Insurance Companies of 2023 and our Cheapest Car Insurance Companies of 2023 ratings. It is also No. 2 in Best Homeowners Insurance Companies of 2023 rating. USAA is based in San Antonio, Texas, and its policies and services are only available to U.S. military members, veterans, and their families. With a wide portfolio of insurance products, which includes policies for homeowners, renters, autos, life, health, pets, small businesses, and personal property, the company has earned an AM Best rating of A++ (Superior) for financial strength.

    USAA earns high marks for excellent customer service, claims handling, and customer loyalty for its auto insurance product. For homeowners, the company offers a standard policy that includes replacement cost coverage for personal property and uniform coverage for active duty and deployed military members. Policyholders can bundle these two policies – or bundle an auto and renters policy together – and earn up to 10% in savings.

    For more information read our USAA homeowners and car insurance reviews.

     

    State Farm  »

    Cheapest Home Insurance Company of 2023

    AM BEST RATINGA++
    ONLINE TOOLSOnline Estimate
    MULTI POLICY DISCOUNT AVAILABLE

     

    State Farm

     

    Pros:

    • Cheapest rates on average for home insurance, according to our analysis

    • Local agents available nationwide

    • Available in all states and Washington, D.C.

    Cons:

    • Fewer home insurance discounts than other companies in our ratings

    • Few extras included with standard homeowners coverage

     

    State Farm takes the No. 3 spot in our rating of the Best Home and Auto Insurance Bundles of 2023.

    On the auto insurance side, State Farm offers multiple coverage options, including comprehensive, collision, and liability coverage, among others. Depending on what you can afford and what you need in terms of coverage, State Farm allows you to set your own deductible and coverages, making it a customizable choice. Discounts include safe driver and safe vehicle savings and multiple auto savings, for having multiple vehicles insured through State Farm.

    For homeowners insurance, State Farm offers a similar kind of customizable plan, helping you to determine how much and what kind of coverage your home needs. Discounts include home security discounts as well as roofing discounts. However, the easiest way to save is to bundle your home and auto policies with State Farm.

    For the full reviews, read our State Farm homeowners and car insurance page.

     

    Nationwide  »

    AM BEST RATINGA+
    ONLINE TOOLSOnline Estimate
    MULTI POLICY DISCOUNT AVAILABLE

     

    Nationwide

     

    Pros:

    • Ordinance or law coverage standard with home insurance policies

    • Wide range of discounts for both auto and home insurance

    Cons:

    • Replacement cost is not standard

    • Coverage not available in all states

     

    Rated as No. 3 in our Best Home and Auto Insurance Bundles of 2023, Nationwide is No. 2 in our Cheapest Homeowners Insurance Companies of 2023, No. 4 in our Cheapest Car Insurance Companies of 2023, and tied for No. 3 with Farmers and Geico in our Best Car Insurance Companies of 2023 ratings. Nationwide writes policies through licensed agents in most states – state availability differs for its auto and home insurance products, but Alaska, Hawaii, Louisiana, and Massachusetts are excluded from coverage for both lines of business. Homeowners insurance is also not available in New Jersey, Florida, and New Mexico. Based in Columbus, Ohio, Nationwide has a financial strength rating of A+ (Superior) with AM Best.

    Nationwide offers standard home and auto insurance policies with several options and discounts for customization. Its home policies automatically include ordinance or law coverage, and policyholders can add replacement cost coverage for their home and personal property and Better Roof Replacement materials. They also have the option to include accident forgiveness and vanishing deductibles on their auto insurance policies. Nationwide offers a bundling discount of up to 20% for customers who purchase auto and home insurance together. The company also has a variety of other bundling options, including auto and renters, auto and boat, renters and motorcycle, and auto, home, and life insurance.

    For the full reviews, read our Nationwide homeowners and car insurance page.

     

     

    Farmers Insurance  »

    AM BEST RATINGA
    ONLINE TOOLSOnline Estimate
    MULTI POLICY DISCOUNT AVAILABLE

     

    Farmers Insurance

     

    Pros:

    • Farmers Smart Plan policies have claim and accident forgiveness

    • Three tiers of home insurance policies offered

    Cons:

    • Not available in all states

    • Premiums for auto insurance are higher than national averages

     

    Farmers Insurance places No. 4 in our Best Home and Auto Insurance Bundles rating. It also places No. 3 in our Cheapest Home Insurance Companies and ties for third for Best Car Insurance Companies of 2023 with Nationwide and Geico.

    The auto insurance premiums from Farmers run higher than national averages we reviewed. The company has a range of policies and discounts and is available in all states except:

    • Alaska
    • Delaware
    • Hawaii
    • Maine
    • New Hampshire
    • Rhode Island
    • Vermont
    • West Virginia

    Farmers also isn’t available in Washington D.C., and it doesn’t offer home insurance in South Carolina. To those who can get Farmers, the company offers three tiers of its standard Smart Plan home insurance policies, which include Standard, Enhanced, and Premier.

    Customers who purchase both their home and auto policies through the Smart Plan program will have more features to choose from. This includes accident and claim forgiveness that will help mitigate increases to your premium after filing initial claims.

    Farmers offers customers several options for bundling, including auto, life, umbrella, and home policies. These bundling options can save you up to 20%. Farmers has earned an A rating for financial security with AM Best.

    For the full reviews, read our Farmers homeowners and car insurance page.

     

    Allstate  »

    Offers Extensive Coverage Options

    AM BEST RATINGA+
    ONLINE TOOLSOnline Estimate
    MULTI POLICY DISCOUNT AVAILABLE

     

    Allstate

     

    Pros:

    • Large variety of coverages, including green improvement reimbursement and home-sharing coverage

    • Available in all states and Washington, D.C.

    Cons:

    • Some of the most expensive rates in our ratings

    • Replacement cost not standard

     

    Allstate is tied for No. 5 with American Family in our Best Home and Auto Insurance Bundles of 2023 rating. However, it is amongst the lower-rated companies in our other reviews – it’s No. 9 in both our Best Homeowners Insurance Companies and Cheapest Car Insurance Companies of 2023. It also has the second-highest monthly premium for the sample home policy we analyzed. Headquartered in Northbrook, Illinois, Allstate has almost $51 billion in revenue and about 138,300 employees and agents according to its 2021 year-end report. The company writes insurance in all 50 states in addition to Washington, D.C. AM Best has given Allstate an A+ (Superior) rating for financial strength.

    Along with its standard auto and home insurance policies, Allstate offers several optional coverages, including green improvement reimbursement to replace an item with an energy-efficient one after a covered loss, HostAdvantage to provide theft and property damage coverage for those who rent out a room or their entire home, and replacement cost coverage to exclude depreciation from personal property valuation. Allstate has different policy bundling combinations available: home and auto, renters and auto, and motorcycle and renters. Allstate’s bundling discount is on the higher end of the spectrum, promising savings up to 25% for purchasing home and auto insurance together.

    For the full reviews, read our Allstate homeowners and car insurance page.

     

    American Family  »

    AM BEST RATINGA
    ONLINE TOOLSOnline Estimate
    MULTI POLICY DISCOUNT AVAILABLE

     

    American Family

     

    Pros:

    • Wide variety of standard and optional coverages

    • Local agents available

    Cons:

    • Replacement coverage not standard in all homeowners packages

    • Only available in 19 states

     

    Tied for No. 5 with Allstate in our Best Home and Auto Insurance Bundles of 2023 rating, American Family is in the middle of our various company analyses. It is, however, No. 10 in our Best Car Insurance Companies of 2023 rating and has the highest sample premium for home insurance. American Family has its headquarters in Madison, Wisconsin, and only offers its auto and home insurance products in 19 states through local agents. The company has a financial security rating of A (Excellent) from AM Best.

    American Family has a standard auto insurance policy, and its home insurance is offered in three protection packages: Economy, Traditional, and Premier. Personal property replacement cost coverage is automatically included with the latter two. Its optional homeowners coverages include equipment breakdown, matching siding protection, hidden water damage, and nursing and assisted living coverage. American Family offers insurance bundles for combining home and auto, renters and auto, or life and auto coverages. Bundling discounts with American Family range from 5% for auto and renters packages to 23% for auto and home packages.

    For the full reviews, read our American Family homeowners and auto insurance page.

     

    The right home and car insurance bundle for you will include all of the required insurance for your state and assets. It is important for both the homeowners policy and auto policy to cover everything required by your state and your lender. They should also provide enough coverage to meet your individual needs. Below we will explore how to find the best individual homeowners and auto policies for you.

    With so many coverage options and insurance companies to choose from, finding the best homeowners policy can seem overwhelming at first. By breaking the process down into simple steps, we’ve made it easier to select the best, affordable homeowners insurance company, policy, and coverage for your needs.

    1. Determine how much coverage you need to rebuild your home. The amount of coverage you need will partly depend on the cost to rebuild your home, along with any fences, pools, and detached buildings on your property in the event of a total loss. You can estimate rebuilding costs on your own or seek advice from a local real estate professional to determine local building costs per square foot.
    2. Estimate cost to replace possessions. You’ll want to estimate the cost to replace the possessions in your home and on your property. Don’t forget to include musical instruments, sporting equipment, and outside items, such as a barbecue grill, as well as certain valuables and collectibles that may be tucked away out of sight.
    3. Document personal items and property. A good way to have a record of personal items is to go through your home and take pictures or record a video of each room and its contents, making updates from time to time to include newer purchases. Once you’ve completed your record, find a secure place to store it remotely.
    4. Choose a reputable insurance company. Once you have an idea of how much coverage you need, look for a reputable insurance company that offers coverage in your area, has competitive rates, and is financially solid.
    5. Research and take advantage of available discounts. You’ll want to take advantage of any discounts you can, like bundling your homeowners insurance with an auto policy or having security equipment, such as smoke detectors or sprinkler systems, installed. A good insurance agent or company website can help with this.

    For more information on purchasing a homeowners insurance policy, read How to Buy Homeowners Insurance.

    Shopping around for the right car insurance company can help you save money and find coverage that best suits your needs. If you’re looking for a new insurer, one of the first things to do is determine the type and amount of coverage you need.

    Most states require drivers to carry minimum liability insurance. If you’re at fault for an accident, this type of insurance will cover any bodily injuries or property damage sustained by the other driver or their passengers. Depending on where you live, you may need to purchase uninsured/underinsured motorist insurance (UM/UIM), personal injury protection (PIP), or medical payment coverage (MedPay).

    In addition to state requirements, keep any lender requirements in mind. If you finance your car, you may need to purchase additional types of insurance, like collision and comprehensive coverage.

    Once you meet any state or lender requirements, you can choose to add other types of coverage to your policy. Common options include the following:

    • Gap insurance
    • Accident forgiveness coverage
    • New car reimbursement coverage
    • Roadside assistance
    • Rental reimbursement coverage
    • Rideshare insurance
    • Glass coverage
    • Custom-equipment coverage
    • Original equipment coverage

    As you review auto insurance companies, verify that they offer the coverage options you want. Not all coverage options may be available where you live.
    After you determine what type and amount of coverage you need, compare insurers by reading consumer and professional reviews and checking out their website. Once you narrow your list down to a few insurers, you can get free quotes to determine which company offers the most affordable policy options.

    For more information on car insurance, read our guides Best Motorcycle Accident Lawyer in USA 2023

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