Life & Car Insurance Bundle Discount

A life insurance car insurance discount can be obtained when you bundle your life insurance and auto insurance policies with one company. Some discounts can result in 25% savings on your premiums. Affordable car insurance rates don't have to be hard to find; average rates can be around $79.58/month.

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A former insurance producer, Laura understands that education is key when it comes to buying insurance. She has happily dedicated many hours to helping her clients understand how the insurance marketplace works so they can find the best car, home, and life insurance products for their needs.

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: Mar 23, 2021

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Here's what you need to know...

  • Life insurance car insurance discounts can be received by companies that offer multi-policy discounts.
  • Multi-policy means that you have bundled several policies with one company.
  • Bundling life and auto can result in a 25% discount.

Looking for ways to lower your current auto insurance rate? There are many car insurance discounts  for insurance policyholders you many not have thought of, including the life insurance car insurance discount.

This type of discount happens through companies offering multiple types of insurance. Companies like this will sometimes offer a multiple-policy discount to encourage people to purchase more than one of their insurance policies.

However, if you need both life insurance and auto insurance, then looking into getting them both from the same car insurance company can help you save money.

For more information on life insurance car insurance discounts and the companies that offer them, read on. Use our comparison tool to easily compare car insurance quotes from top-rated companies in your area.

What is a life insurance discount?

As mentioned above, a discount may be offered through your auto insurance company if you also purchase a life insurance policy with them. This can usually be done by coupling home and auto insurance or life and auto insurance.

You insurance company many offer coupling options for your auto insurance policy with some of their other policies, including renters insurance, boat insurance, and RV insurance.

Many people like the idea of all their insurance needs getting taken care of through one company. This can save time and help the claim process go more smoothly.

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How much can you save?

The amount of money you can save using a multiple policy discount can  greatly depend on your insurance company. Some companies boast savings of up to 25 percent.

It is important to check with an agent at your insurance company what discounts they have available for multiple-policy holders.

If you are still on the hunt for a great auto insurance company, then easily compare rates by using our comparison tool below.

Companies That Offer Life Insurance Discounts

There are many top insurance companies out there who offer multiple-policy discounts. It is important to research every company in-depth to make sure all your needs and wants are met. One of the best ways to do this is by contacting an agent and discussing your needs.

Some companies have different names for their multiple-policy discounts. For example Farmers Insurance offers what they call “Multi-Line Discounts” with which policy-holders can save money by bundling auto and Home or Home and Life.

Allstate Insurance offers a multi-policy discount when you bundle their auto and life insurance. They recommend you speak with an agent to get the best savings. 

GEICO doesn’t appear to offer a mutli-policy discount for bundling life and auto insurance. They do, however, offer a discount for bundling home and auto.

Progressive also offers a home and auto bundle discount, but there is no mention of a life and auto insurance bundle discount. They do boast savings of over 5 percent with their bundling options.

All these discounts can differ based on the area in which you live, so it is always important to check with the company before assuming your discount.

Other Discounts Worth Looking Into

There are many auto insurance discounts to ask for that can help save plenty of money on your premiums.

Some of the most well-known auto insurance discounts are the Safe Driver Discounts. These discounts are offered through many top companies and can be obtained by taking a defensive driving course or having a good driving record.

Did you know that if you install certain specialized equipment on your vehicle that you may be eligible for some discounts? Devices that can garner discounts from some companies include anti-lock brakes, anti-theft devices, adaptive cruise control, and many more.

If you are a teen driver looking for auto insurance, then you will find insurance rates can be quite high for teenagers.

However, there are discounts available specific to young drivers, including a good student discount, teen driver discount, and further education discount.

There are also discounts available to young drivers that have taken a driver’s ed course.

There are also discounts specific to each company. For example, there are several Farmers Auto Insurance discounts that are only offered through them, including Farmers insurance member discounts. Speak with an agent at your company to inquire about the specific discounts they offer.

For more information on the discounts offered by top companies, check out the chart below.

Discounts21st CenturyAAAAllstateAmerican FamilyAmeripriseAmicaCountry FinancialEsuranceFarmersGeicoLiberty MutualMetLifeNationwideProgressiveSafe AutoSafecoState FarmThe GeneralThe HanoverThe HartfordTravelersUSAA
Adaptive Cruise Controlxxxx
Adaptive Headlightsxxxxxxxx
Anti-lock Brakesxxxxxxxxxxxxxxxxxxxxxx
Daytime Running Lightsxxxxxxxxxxxxxxxxxx
Electronic Stability Controlxxxxxxxxx
Utility Vehiclexxxx
Vehicle Recoveryxxxxxxxxxxxxxxxxxxxxx
VIN Etchingxxxxxxxxxx
Lane Departure Warningxxxx
Newer Vehiclexxxxxxxxxxxxxxxx
Green Vehiclexxxxxxx
Forward Collision Warningxxxxxxx
Claim Freexxxxxxxxxxxxxxxxxxxxxx
Continuous Coveragexxxxxxxxxxxxxxx
Defensive Driverxxxxxxxxxxxxxxxxxxxxxx
Distant Studentxxxxxxxxxxxxxxx
Driver's Edxxxxxxxxxxxxxxxxxxxx
Driving Device/Appxxxxxxxxxxxxxx
Early Signingxxxxxxxxxxxxxx
Emergency Deploymentx
Engaged Couplex
Family Legacyxxxxxx
Family Planxxxxx
Farm Vehiclexxxx
Fast 5x
Federal Employeexxxx
Full Paymentxxxxxxxxxxxxxxxxx
Further Educationxxxxxxxxx
Good Creditxxxx
Good Studentxxxxxxxxxxxxxxxxxxxxxx
Life Insurancexx
Low Mileagexxxxxxxxxxxxxxxxxxx
Military Garagingx
Multiple Driversxx
Multiple Policiesxxxxxxxxxxxxxxxxxxxxx
Multiple Vehiclesxxxxxxxxxxxxxxxxxxxxx
New Addressx
New Customer/New Planxxx
New Graduatex
Newly Licensedx
Occasional Operatorx
On Time Paymentsxxxx
Online Shopperxx
Paperless Documentsxxxxxxxx
Paperless/Auto Billingxxxxxxxxxxxxxxxxx
Passive Restraintxxxxxxxxxxxxxxxxxxxxxx
Recent Retireesxx
Roadside Assistancexx
Safe Driverxxxxxxxxxxxxxxxxxxx
Seat Belt Usex
Senior Driverxxxxxxxxx
Stable Residencexxxx
Students & Alumnixxxxxx
Switching Providerxxxxxxxxxxx
Young Driverxxxxxx
Discounts Provided #21212927182726343432383835362230202022382828
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As you can see, most discounts are currently offered through Metlife.

While multi-policy discounts usually come when you bundle auto and home insurance, there are some discounts available for those that bundle auto and life.

Many auto insurance discounts are available to help you easily cut down auto insurance rates. Be sure to check with your auto insurance company about the discounts they offer.

Ready to buy car insurance? If you are in the market for a new auto insurance policy, be sure to enter your ZIP code in our FREE quote box below to easily compare car insurance rates.

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