Glossary

Multi-policy discount

A reduction for buying more than one type of insurance, such as auto plus home or renters coverage, from the same company.

Also called: bundling discount, multi-line discount, home and auto discount, multiproduct discount

A multi-policy discount is what an insurer gives you for buying two or more kinds of coverage from it, most often auto with homeowners, renters or condo insurance, but sometimes with life, umbrella, motorcycle or boat policies. It is the price incentive behind bundling.

The discount is usually a percentage off one or both policies, and each line may get a different percentage. Say your auto policy costs $1,500 and your homeowners policy $1,800 when bought separately. With a 10% discount on each, the pair costs $2,970 instead of $3,300 (hypothetical figures). Advertised "save up to" figures sometimes combine several discounts, such as autopay, paperless and telematics, so ask what the bundle discount alone is worth.

A bundled price can still be higher than buying each policy from the cheapest separate company. Compare the total of the best standalone quotes with the bundled total, and remember that cancelling or changing one policy can change the price of the other. A bundle can also simplify things when one event damages both your car and your home, and some insurers offer a single deductible in that case. See bundling home and auto insurance: how the discount really works and when bundling does not save money.

Last reviewed October 4, 2026

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Related terms

Bundling Buying two or more insurance policies, such as auto and homeowners, from the same company, usually in exchange for a discount on each. Multi-car discount A price cut for insuring two or more vehicles with the same company, usually on one policy, applied to each car's premium. Umbrella policy Extra liability insurance, usually sold in amounts of $1 million or more, that pays after your auto or home liability limits run out. Premium The amount you pay for an insurance policy over its term, built from the insurer's rate, your rating factors, coverage choices and discounts. Car insurance quote An insurer's estimate of what a specific policy would cost you, based on the drivers, vehicles, coverage and discounts you describe.

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Related insurers

Branch Insurance A Columbus, Ohio, insurtech that bundles home and auto insurance in minutes from just a name and address, via its own reciprocal exchange. Not in California. Seguros Múltiples Puerto Rico insurance cooperative owned by about 150 local cooperatives, in business since 1965 and selling auto, home and business coverage island-wide. COUNTRY Financial An Illinois insurer founded by farmers in 1925 and tied to Illinois Farm Bureau, selling auto through local representatives in 19 states. Encova Insurance A Columbus, Ohio, mutual group formed by Motorists and BrickStreet that sells auto, home and business insurance through independent agents. Farm Bureau Financial Services Iowa-based Farm Bureau brand writing auto, home and farm coverage in eight Midwest and Western states through exclusive agents, with Driveology telematics. Idaho Farm Bureau Insurance Idaho's Farm Bureau insurer, founded in 1947 and the state's third-largest auto writer, now also selling in Washington through Western Community Insurance.