Enter your ZIP code:

All-in-One Policies Insure Car & Home Together

Several car insurance companies now offer consumers all-in-one insurance policies combining everything from auto to home insurance. The convenience and ease of single-policy coverage proves worthwhile when it comes to paying insurance bills, renewing policies and ensuring continuous coverage.

Typically, home and auto insurance are not offered within the same policy. But various insurers are utilizing these new, more comprehensive insurance policies in order to grab back market share from auto-only insurers, which have gained momentum in recent years. About a third of all property-casualty premiums come from auto insurance, according to the Insurance Information Institute (III).

One-policy packages can eliminate the hassle of paying multiple bills, remembering multiple expiration dates and sometimes even paying multiple deductibles. Car insurance companies like writing these policies because they generally require less paperwork and cut overhead operating costs.

Many new all-in-one packages include not only greater choice in coverage levels, but also advanced protections such as guaranteed home replacement or identity theft reimbursement. Technological advances and increased catastrophe rates have raised consumer concerns regarding these issues, so many are now choosing to plan ahead and prepare for the worst—just in case.

"A much greater percentage of the population is accumulating more assets and have less time to manage" insurance, says Noel Edsall, director of product development with MetLife Auto & Home.

MetLife began testing its new all-in-one policy, "GrandProtect," in Oregon, Tennessee, Minnesota and Arizona in March of this year, and is now rolling it out in Ohio, Illinois and Rhode Island. The company expects to offer it in 19 states by the end of the year and nationwide by 2007, according to Edsall.

Some car insurance companies are also gearing one-policy offerings toward wealthier clients. Allstate's more comprehensive "Encompass" policy covers secondary homes, jewelry, boats, furs, stamp collections and fine art. Purchasing this coverage usually requires policyholders to own homes with market values ranging above the national average—which translates into clients with more disposable income. The average premium for this package policy runs a whopping $2,950 annually.

All-inclusive policy advantages touted by car insurance companies include one bill, one renewal date, one effective date and sometimes one deductible. But as reflected above, cost can sometimes outweigh these benefits.

One-stop insurance policies may represent a wave of the future; if so, mainstream cost savings might be in store down the road. But for now, consumers should shop around, comparison shopping between prices for separate policies and those for more comprehensive, all-inclusive ones before opting for one of these new, single-policy packages, says J. Robert Hunter, director of insurance at the Consumer Federation of America (CFA).

"Companies always err a little bit on the high side when they first introduce a product to make sure they have enough premiums coming in," he says. "It could well be that when you shop around and get the prices separately…you may still be able to do better [elsewhere]."

List of Articles
No. Subject Author Views
85 Rental Car Insurance: Do You Really Need It? youcomparequotes 17595
84 Auto Insurance: The Secret Weapon for Saving at the Pump youcomparequotes 17921
83 Getting the Cheapest Car Insurance in Your State youcomparequotes 16864
82 Play It Safe for Cheap Truck Insurance Rates youcomparequotes 17239
81 How to Get Discount Auto Insurance youcomparequotes 17675
80 Insurance for Van Lovers youcomparequotes 17345
79 Car Insurance That Fits Your Needs youcomparequotes 17076
78 Online Car Insurance Quotes in 5 Easy Steps youcomparequotes 17260
77 Getting Insured with an Online Auto Insurance Quote youcomparequotes 18260
76 Home and Auto Insurance: Sure-Fire Protection in Unsure Times youcomparequotes 17081
75 How to Keep Teen Car Insurance Quotes at Bay youcomparequotes 19314
74 Choosing Cheap Online Car Insurance That Fits Your Life youcomparequotes 17660
73 Auto Insurance from InsureMe youcomparequotes 17579
72 Car Insurance Comparisons Save You Time & Hassle youcomparequotes 17933
71 Car Insurance Companies & InsureMe Save You Money youcomparequotes 18328
70 Buying and Insuring a New Car youcomparequotes 16709
69 Compare Auto Insurance Rates youcomparequotes 17044
68 Safety Measures Lower Auto Insurance Quotes youcomparequotes 16546
67 Getting Car Insurance Quotes, from Beginning to End youcomparequotes 16645
66 The Car Insurance Quote & Ratings Factors youcomparequotes 17137
65 What's Behind Your Auto Insurance Quotes? youcomparequotes 17256
64 How Cheap Car Insurance Can Save You Money youcomparequotes 16552
63 How to Reduce Car Insurance Prices youcomparequotes 17132
62 Getting Insured with Free Car Insurance Quotes youcomparequotes 17327
61 Auto Owners Insurance & Costly Driving Mistakes youcomparequotes 16609
60 Auto Insurance Cost & Your Ride youcomparequotes 17137
59 How No Fault Auto Insurance Works--or Doesn't youcomparequotes 16913
58 How to Get the Cheapest Car Insurance youcomparequotes 16821
57 Selecting a Car Insurance Company youcomparequotes 17523
56 Finding New Car Insurance Following Cancellation or Nonrenewal youcomparequotes 17130
55 Get the Best Car Insurance Rates Around youcomparequotes 17371
54 Factors That Affect Your Car Insurance Quotes youcomparequotes 16405
53 Child Safety Belts Keep Kids Safe youcomparequotes 17073
52 Speeding and Car Insurance Rates youcomparequotes 16771
51 Not At Fault Car Insurance & Accidents youcomparequotes 16913
50 State Auto Insurance Becoming Available youcomparequotes 17196
49 Auto Insurance Gap Narrowed by Insurance youcomparequotes 17645
48 Car Insurance & Roommates or Family Members youcomparequotes 17227
47 PIP and No-Fault Auto Insurance Reform youcomparequotes 16922
46 PIP and No-Fault Auto Insurance Reform youcomparequotes 16827
45 SUVs: Minor Collision, Major Damage youcomparequotes 17376
44 Severe Weather Driving Tips youcomparequotes 17105
43 Avoiding Aggressive Drivers youcomparequotes 18007
42 Safety Tips & Car Insurance for Teens youcomparequotes 17073
41 Insurance for Cars: It's Your Choice youcomparequotes 17031
40 Car Insurance Quotes Save You Money youcomparequotes 17092
39 Finding & Comparing Auto Insurance Specialists youcomparequotes 17951
38 Safety Features Save Lives & Money youcomparequotes 16844
37 Curbing Auto Insurance Prices youcomparequotes 16390
36 Teen Auto Insurance youcomparequotes 16668
35 Car Insurance: Your Questions Answered youcomparequotes 16593
34 How to Buy Car Insurance youcomparequotes 17359
33 Vehicle Insurance: Covering Any Kind of Car youcomparequotes 16636
32 Truck Insurance for Your Pride & Joy youcomparequotes 16426
31 How Insuring a Used Car Can Save You Money youcomparequotes 17274
» All-in-One Policies Insure Car & Home Together youcomparequotes 17138
29 Credit Scores & Car Insurance youcomparequotes 17779
28 Classic Car Insurance Protects Your Relic Ride youcomparequotes 16290
27 Reducing SUV Insurance Rates youcomparequotes 16814
26 Good Driver Car Insurance Rewards Safe Driving youcomparequotes 17329
25 How to File an Auto Insurance Claim youcomparequotes 16967
24 Avoiding Deer Collisions While Driving youcomparequotes 17437
23 Cheap Auto Insurance through Safe Driving youcomparequotes 16762
22 Auto Insurance Basics That Save youcomparequotes 17192
21 It's Official - Men Are Terrible Drivers youcomparequotes 18679
20 Car Insurance Quote Saves Money and Stretches Income youcomparequotes 17442
19 Auto Insurance Quote Heavily Dependent on Driver Behavior youcomparequotes 16966
18 Car Insurance Quotes Separate Fact from Fiction youcomparequotes 17224
17 How What You Drive Affects Your Auto Insurance Quotes youcomparequotes 16986
16 Cheaper Car Insurance in 8 Easy Steps youcomparequotes 17350
15 Save Hundreds on Your Car Insurance Without Switching to Geico youcomparequotes 16790
14 Your Options in Motorcycle Insurance youcomparequotes 16803
13 The Advantages of RV Insurance youcomparequotes 17189
12 Enjoying the Classics: How to Insure Your Old Relic youcomparequotes 34685
11 Insuring Your Teen Driver youcomparequotes 16951
10 The SR22 & Car Insurance youcomparequotes 16447
9 Auto Insurance & Generic Parts youcomparequotes 17154
8 A Trip Gone Wrong: Summer Breakdown on the Road youcomparequotes 18277
7 Drowsy Drivers, Wake Up! youcomparequotes 16453
6 Cheap Car Insurance Protection You Deserve youcomparequotes 17812
5 Top 8 Safety Picks for Car Insurance Discounts youcomparequotes 17243
4 Drivers: 7 Important Facts about Texting That Could Save Your Life youcomparequotes 21316
3 Buckles: Use Them for Safety, Not for Show youcomparequotes 16760
2 Auto Insurance Quotes youcomparequotes 17220
1 Why You Should Give Thanks -- And Stay Home This Year youcomparequotes 17386
XE Login