Best Auto and Home Insurance Bundles for Seniors in (2024)
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August 19, 2024
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Finding a reputable home and auto insurance provider can be difficult, but bundling policies with one insurance provider often comes with greater simplicity in claims processing, benefits and customer service. Many insurers will also offer steep discounts for bundling both home and auto insurance — some as much as 25 percent!
If you plan to bundle your home and auto insurance, then choosing the right provider is twice as important. I created this guide to help you work through the best home and auto insurance bundles and aid you in picking the right one for your needs. Whether you own your home or rent and whether you live in a condo or even a mobile home, these companies have worked the best for the older adults that I work with, and they’ll work well for you, too.
FYI: To learn more about the best auto insurance overall, read my guide to the best car insurance for seniors.
The Best Home and Auto Insurance for Seniors
- Progressive : Best for Renters
- Allstate : Biggest Bundling Discount
- Liberty Mutual : Lowest Prices
- The Hartford/AARP : Best for AARP Members
- Geico : Best for Homeowners
How I Chose the Best Car Insurance for Seniors
To find the best home and auto insurance providers for seniors, I looked for the following:
- Bundled discounts: I looked for providers that offer discounts for bundled policies. The higher the discount, the better, and I prefer companies that work with homeowners as well as renters.
- Reliable coverage: You want to bundle your plans with a reliable provider that offers the right benefits. I took a look at the 2024 J.D. Power Auto Insurance Satisfaction Study to see what customers had to say about various companies.
- Additional discounts: Bundling is not the only way to save money on your insurance policies. Providers offer numerous opportunities for discounts that could dramatically lower your monthly bills.
- Financial stability: I checked each provider’s financial stability ratings with third parties like AM Best, Moody’s and Standard & Poor’s. If a company is financially stable, it will be able to pay out claims in a timely manner — an essential feature of any car insurance company.
Providers Compared
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Progressive
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Allstate
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Liberty Mutual
 |
The Hartford/AARP
 |
Geico
 |
|
|---|---|---|---|---|---|
| Rating out of 5 | 4.3 | 4.8 | 4.3 | 4.4 | 4.4 |
| Best for | Renters |
Biggest Bundling Discount |
Lowest Prices |
AARP Members |
Homeowners |
| Average annual cost of car insurance for seniors | $1,410 |
$2,937 |
$327 |
$687 |
$1,280 |
| Maximum home and auto bundle discount | 5% |
25% |
Not listed, but average savings is $950 |
20% |
Not listed |
| Types of property insurance eligible for auto bundle | Homeowners, renters, motorcycle, boat, RV, renters |
Homeowners, renters, condo, motorcycle |
Homeowners, renters, condo, motorcycle |
Homeowners, condo |
Homeowners, renters, condo, mobile home motorcycle |
Our Top Picks
1. Progressive - Best for Renters
(855) 933-2095
What We Like Most:
- Bundling discounts for renters, homeowners, motorcyclists, etc.
- Average savings of $750 for people who switched and saved with Progressive
- Accident forgiveness
- Safe driver discounts
Overview
Progressive is one of the nation’s most well-established providers of home and auto insurance. It has a robust network of qualified contractors who can quote repairs for your home directly through your policy. It also offers homeowners, renters, motorcycle, boat and RV insurance, creating more opportunities for bundling and saving.
For home and auto insurance policies, Progressive offers an average discount of 5 percent, which comes off your auto policy premium. Other potential deals include discounts for buying a new home, getting a quote in advance and having safety features in your home, such as home security systems.
Pros
- New customers save an average of 20 percent by bundling home and auto.
- Bundling available with homeowners and renters insurance
- Average savings of 5 percent by bundling auto with home, renters or condo insurance
- Online insurance and through independent agents
Cons
- Not the lowest prices
- Low bundling discount for existing customers
2. Allstate - Biggest Bundling Discount
(855) 933-2095
What We Like Most:
- Highest bundling discount of 25 percent
- Pay-per-mile insurance available
- Bundle with condo, motorcycle, homeowners or renters insurance
- Above-average ratings in J.D. Power’s 2023 Auto Claims Satisfaction Study
Overview
Of all the companies I’ve worked with, Allstate has the largest discount for bundling home and auto insurance: 25 percent — five times more than Progressive. This discount is available not only to homeowners but also to renters. It also applies to drivers of cars and motorcycles alike. Make sure you buy these bundles online, however, to get the full discount.
Allstate also ranked No. 1 on our list of the overall best auto insurance for seniors.
Pros
- Up to 25 percent auto and home bundling discount
- Savings for low-mileage drivers
- Coverage for motorcycles
- Online quotes
Cons
- High average premiums
- No defensive driving discount for seniors
3. Liberty Mutual - Lowest Prices
What We Like Most:
- $327 annual average cost for seniors
- $950 average savings with bundling
- Bundle auto with renters, homeowners or condo insurance
- Excellent financial strength rating from AM Best
Overview
Liberty Mutual doesn’t reveal its bundling savings in the form of a percentage. It does say that new customers who saved when they switched to Liberty Mutual between October 2021 and September 2022, the average savings on home and auto insurance was $950. It’s no wonder, then, that Liberty Mutual has the lowest average premiums for full-coverage insurance: Seniors pay only $327, a fraction of the cost of other providers like Allstate. You don’t have to own a home to take advantage of this offer, either. It’s also available to renters, which may be good news for seniors. According to data from the 2022 U.S. Census, 21 percent of people ages 65 and older and 25 percent of people ages 55 to 64 do not own homes.
Pros
- Low average annual premiums for seniors
- Average savings of $950
- Bundles for homeowners and renters
- Gap coverage for loaned or leased vehicles
Cons
- No discount for seniors specifically
4. The Hartford/AARP - Best for AARP Members
What We Like Most:
- 20 percent home and auto bundling discount
- Low average premiums
- Discount for AARP members
- Average savings of $577 for new customers
Overview
If you’re wondering if an AARP membership is worth it — and you’re also looking to bundle your home and auto insurance — let me answer that question for you: yes. By using your AARP discount at The Hartford, you can save up to 20 percent on a home and auto bundle. The insurance is also available for owners of mobile homes, motorcycles, ATVs, golf carts, snowmobiles, boats and classic cars. New members saved $577, on average.
Plus, The Hartford’s “disappearing deductible” means that if you maintain a clean driving record, your collision deductible will lower over time.
Pros
- Bundling savings up to 20 percent
- Average savings of $577 for new members
- Disappearing deductible
- Defensive driving course discount
Cons
- Only available to AARP members
5. Geico - Best for Homeowners
(855) 933-2095
What We Like Most:
- Bundling with homeowners, renters, condo, mobile home or motorcycles
- 25 percent discount for insuring multiple vehicles
- Mechanical breakdown insurance available
- Average savings of over $700 for new customers, as of January 2024
Overview
GEICO does not list the exact amount you can save by bundling auto insurance with condo, mobile home, homeowners or renters insurance. However, what I can say about the company is that it offers many discounts in addition to bundling. The ones that can save you the most money are as follows:
- Emergency deployment (military) affiliation: 25 percent
- Multiple vehicle: 25 percent
- Airbags: 23 percent
- Anti-theft system: 23 percent
- Good driver with no accidents in the past five years: 22 percent
- Military: 15 percent
- New vehicle: 15 percent
Those affiliated with emergency deployment in the military and people insuring multiple vehicles can find big savings at GEICO whether they’re homeowners or renters.
Pros
- Discounts for emergency deployment, military members and more
- Average annual cost of $1,280 for seniors
- Auto bundles for homeowners and renters
- Mobile home coverage available
Cons
- Bundling discount not listed
Bottom Line
If you need to buy insurance for your home, whether you own or rent, and your vehicle, be it a car, ATV or motorcycle, you might as well bundle your policies under the same provider to save money. It’s also more convenient to deal with one company than multiple. To learn more about my favorite auto insurance providers for seniors, read my helpful guides: