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 17567
84 Auto Insurance: The Secret Weapon for Saving at the Pump youcomparequotes 17887
83 Getting the Cheapest Car Insurance in Your State youcomparequotes 16830
82 Play It Safe for Cheap Truck Insurance Rates youcomparequotes 17206
81 How to Get Discount Auto Insurance youcomparequotes 17647
80 Insurance for Van Lovers youcomparequotes 17310
79 Car Insurance That Fits Your Needs youcomparequotes 17047
78 Online Car Insurance Quotes in 5 Easy Steps youcomparequotes 17232
77 Getting Insured with an Online Auto Insurance Quote youcomparequotes 18076
76 Home and Auto Insurance: Sure-Fire Protection in Unsure Times youcomparequotes 17053
75 How to Keep Teen Car Insurance Quotes at Bay youcomparequotes 19273
74 Choosing Cheap Online Car Insurance That Fits Your Life youcomparequotes 17632
73 Auto Insurance from InsureMe youcomparequotes 17551
72 Car Insurance Comparisons Save You Time & Hassle youcomparequotes 17905
71 Car Insurance Companies & InsureMe Save You Money youcomparequotes 18300
70 Buying and Insuring a New Car youcomparequotes 16681
69 Compare Auto Insurance Rates youcomparequotes 17024
68 Safety Measures Lower Auto Insurance Quotes youcomparequotes 16526
67 Getting Car Insurance Quotes, from Beginning to End youcomparequotes 16625
66 The Car Insurance Quote & Ratings Factors youcomparequotes 17104
65 What's Behind Your Auto Insurance Quotes? youcomparequotes 17233
64 How Cheap Car Insurance Can Save You Money youcomparequotes 16476
63 How to Reduce Car Insurance Prices youcomparequotes 17082
62 Getting Insured with Free Car Insurance Quotes youcomparequotes 17310
61 Auto Owners Insurance & Costly Driving Mistakes youcomparequotes 16568
60 Auto Insurance Cost & Your Ride youcomparequotes 17106
59 How No Fault Auto Insurance Works--or Doesn't youcomparequotes 16895
58 How to Get the Cheapest Car Insurance youcomparequotes 16799
57 Selecting a Car Insurance Company youcomparequotes 17506
56 Finding New Car Insurance Following Cancellation or Nonrenewal youcomparequotes 17113
55 Get the Best Car Insurance Rates Around youcomparequotes 17354
54 Factors That Affect Your Car Insurance Quotes youcomparequotes 16365
53 Child Safety Belts Keep Kids Safe youcomparequotes 17056
52 Speeding and Car Insurance Rates youcomparequotes 16754
51 Not At Fault Car Insurance & Accidents youcomparequotes 16896
50 State Auto Insurance Becoming Available youcomparequotes 17173
49 Auto Insurance Gap Narrowed by Insurance youcomparequotes 17628
48 Car Insurance & Roommates or Family Members youcomparequotes 17210
47 PIP and No-Fault Auto Insurance Reform youcomparequotes 16905
46 PIP and No-Fault Auto Insurance Reform youcomparequotes 16809
45 SUVs: Minor Collision, Major Damage youcomparequotes 17353
44 Severe Weather Driving Tips youcomparequotes 17077
43 Avoiding Aggressive Drivers youcomparequotes 17969
42 Safety Tips & Car Insurance for Teens youcomparequotes 17056
41 Insurance for Cars: It's Your Choice youcomparequotes 17014
40 Car Insurance Quotes Save You Money youcomparequotes 17075
39 Finding & Comparing Auto Insurance Specialists youcomparequotes 17929
38 Safety Features Save Lives & Money youcomparequotes 16816
37 Curbing Auto Insurance Prices youcomparequotes 16373
36 Teen Auto Insurance youcomparequotes 16648
35 Car Insurance: Your Questions Answered youcomparequotes 16576
34 How to Buy Car Insurance youcomparequotes 17342
33 Vehicle Insurance: Covering Any Kind of Car youcomparequotes 16619
32 Truck Insurance for Your Pride & Joy youcomparequotes 16407
31 How Insuring a Used Car Can Save You Money youcomparequotes 17234
» All-in-One Policies Insure Car & Home Together youcomparequotes 17109
29 Credit Scores & Car Insurance youcomparequotes 17742
28 Classic Car Insurance Protects Your Relic Ride youcomparequotes 16265
27 Reducing SUV Insurance Rates youcomparequotes 16795
26 Good Driver Car Insurance Rewards Safe Driving youcomparequotes 17312
25 How to File an Auto Insurance Claim youcomparequotes 16949
24 Avoiding Deer Collisions While Driving youcomparequotes 17420
23 Cheap Auto Insurance through Safe Driving youcomparequotes 16741
22 Auto Insurance Basics That Save youcomparequotes 17173
21 It's Official - Men Are Terrible Drivers youcomparequotes 18662
20 Car Insurance Quote Saves Money and Stretches Income youcomparequotes 17424
19 Auto Insurance Quote Heavily Dependent on Driver Behavior youcomparequotes 16947
18 Car Insurance Quotes Separate Fact from Fiction youcomparequotes 17198
17 How What You Drive Affects Your Auto Insurance Quotes youcomparequotes 16954
16 Cheaper Car Insurance in 8 Easy Steps youcomparequotes 17322
15 Save Hundreds on Your Car Insurance Without Switching to Geico youcomparequotes 16773
14 Your Options in Motorcycle Insurance youcomparequotes 16784
13 The Advantages of RV Insurance youcomparequotes 17160
12 Enjoying the Classics: How to Insure Your Old Relic youcomparequotes 34668
11 Insuring Your Teen Driver youcomparequotes 16934
10 The SR22 & Car Insurance youcomparequotes 16430
9 Auto Insurance & Generic Parts youcomparequotes 17136
8 A Trip Gone Wrong: Summer Breakdown on the Road youcomparequotes 18260
7 Drowsy Drivers, Wake Up! youcomparequotes 16419
6 Cheap Car Insurance Protection You Deserve youcomparequotes 17795
5 Top 8 Safety Picks for Car Insurance Discounts youcomparequotes 17225
4 Drivers: 7 Important Facts about Texting That Could Save Your Life youcomparequotes 21293
3 Buckles: Use Them for Safety, Not for Show youcomparequotes 16743
2 Auto Insurance Quotes youcomparequotes 17203
1 Why You Should Give Thanks -- And Stay Home This Year youcomparequotes 17340
XE Login