Best car insurance for homeowners

Home and car insurance bundles

If you own both a home and a vehicle, you’ve probably heard about bundling your insurance. While this may sound like combining your auto and home insurance policies, all it really means is buying both policies from the same insurance company. You may get a discount on one or both your policies for bundling, and it may come with other perks, too. For example, you may be able to manage your policies through one app or a single local agent. Some companies even allow you to pay a single deductible for covered perils that damage both your home and vehicle.

Bundling discounts for homeowners tend to be higher than condo unit owners and renters. Home insurance policies tend to be more expensive than condo or renters insurance policies, so insurance companies generally provide a larger discount in return.

Best car insurance companies for homeowners

To find the best car insurance for homeowners, we reviewed insurance companies offering both home and auto insurance. Average car insurance rates, available discounts, policy offerings, financial strength and auto claims customer satisfaction scores were analyzed to find top companies with competitive average rates. We’ve also included the average annual cost of full coverage car insurance and the average annual cost of homeowners insurance for a $250,000 dwelling from each provider to give you a baseline for what others are paying on average.

In order to help you determine the best car insurance for homeowners, we have also included the Bankrate score, which takes into account details about each insurer including product availability, financial strength ratings, online capabilities and customer and claims support accessibility. Each factor is weighted and calculated into the overall rating to determine a comprehensive score on a five-point scale to measure the company’s offerings. These Scores are designed to give you a quick, easy way to compare insurers as you start your search.

*All rates are average annual rates.
**USAA is not technically ranked with J.D. Power due to eligibility restrictions

Amica

One of Bankrate’s winners for Best Auto Insurance Company Overall in 2023, Amica offers a variety of coverage options. The insurance company doesn’t have many local offices, but it earned the top rank in J.D. Power's 2022 Auto Insurance Claims Satisfaction Study. Amica has fairly competitive average full coverage car insurance rates with a discount specifically for policyholders who own their home, even if it's insured with another carrier. 

Learn more: Amica Insurance review

USAA

Although USAA policies are only available to active-duty and retired military personnel and their families, it does earn a high score from J.D. Power for claims satisfaction and offers unique military-focused coverage and discount options. In addition to bundling discounts, you might save with USAA if you garage a vehicle on base or if your parents are USAA policyholders. The carrier also offers some of the lowest average auto insurance rates on our list, so it may appeal to customers shopping on a budget. 

Learn more: USAA Insurance Review

Allstate

Allstate has some of the highest average rates on our list, but its extensive list of discounts and rewards opportunities may make up for the high premiums. The carrier's deductible rewards program may lower your collision deductible for every year of safe driving, while the Safe Driving Bonus may be available for going six months without an accident. Allstate is one of our 2023 Bankrate Award winners for Best Home Insurance Company Overall, so if you're shopping for both home and auto coverage, it may be worth considering. 

Learn more: Allstate Insurance review

State Farm

State Farm is the largest insurer in the nation for home and car insurance by market share. Even with its size, State Farm holds a strong auto claims satisfaction score from J.D. Power. The carrier's many local agents and highly-rated mobile tools may make it easy for homeowners to manage their home and auto policies with a single agency or app. In addition to a bundling discount, State Farm also offers a multi-car discount, which may help you save if your household needs to insure more than one vehicle. 

Learn more: State Farm Insurance review

Progressive

Progressive falls short with a below-average claims satisfaction score from J.D. Power, but its highly-rated digital tools may appeal to shoppers who prefer to manage their policies virtually. Progressive offers a discount for homeowners, even if their home is not insured with the carrier. If you're on a tight budget or new to insurance shopping, you might appreciate the company's Name Your Price tool, which allows you to input your budget and explore coverage options within that range. 

Learn more: Progressive Insurance review

Should I bundle my home and auto insurance? 

Bundling may simplify your insurance shopping and help you save some money, but it might not be for everyone, especially if you have unique coverage needs. If you are considering bundling your car and home insurance, there are some potential pros and cons to consider, including:

How to bundle home and auto insurance 

Interested in bundling your insurance policies? These general steps may guide you through the process: 

1. Review your current policies for both auto insurance and home insurance, including pricing, coverage options and discounts. 
2. Get quotes from several companies that meet your insurance criteria and include bundling opportunities.
3. Compare quoted bundling opportunities with your current coverage and premiums. 
4. Talk to your current insurance companies. Both your auto insurance company and home insurance companies may be able to offer bundling discounts. You may only have to switch one of your policies over. 
5. If you decide to make the switch, purchase your new policy or policies and cancel your existing coverage to change insurers without experiencing a lapse in coverage. 

Frequently asked questions

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2023 rates for ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

• $100,000 bodily injury liability per person
• $300,000 bodily injury liability per accident
• $50,000 property damage liability per accident
• $100,000 uninsured motorist bodily injury per person
• $300,000 uninsured motorist bodily injury per accident
• $500 collision deductible
• $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2021 Toyota Camry, commute five days a week and drive 12,000 miles annually.

These are sample rates and should only be used for comparative purposes.

Bankrate Scores

Our 2024 Bankrate Score considers variables our insurance editorial team determined impacts policyholders’ experiences with an insurance company. These rating factors include a robust assessment of each company’s product availability, financial strength ratings, online capabilities and customer and claims support accessibility. Each factor was added to a category, and these categories were weighted in a tiered approach to analyze how companies perform in key customer-impacting categories.

Each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. Our scoring model provides a comprehensive view, indicating when companies excel across several key areas and highlighting where they fall short.

• Tier 1 (Cost & ratings): To determine how well auto and home insurance companies satisfy these priorities, average quoted premiums from Quadrant Information Services (if available), as well as any of the latest third-party agency ratings from J.D. Power, AM Best, Demotech and the NAIC, were analyzed.
• Tier 2 (Coverage & savings): We assessed companies’ coverage options and availability to help policyholders find a provider that balances cost with coverage. Additionally, we evaluated each company’s discount options listed on its website.
• Tier 3 (Support): To encompass the many ways an auto insurance company can support policyholders, we analyzed avenues of customer accessibility along with community support. This analysis incorporated additional financial strength ratings from S&P and Moody’s and factored a company’s corporate sustainability efforts.