Life Insurance Auto Insurance Discount

We’ve all heard about insurance bundles. However, life insurance discounts for auto insurance are currently still rare. Only two major providers offer an affordable life insurance discount for auto insurance. To buy life insurance discount auto insurance, bundle your life and auto policies together through the same qualifying provider. Expect only a minor rate reduction.

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Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

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Cynthia Lanctot is an insurance professional with ten years of industry experience. Cynthia is licensed in several states, and holds an associate in claims law, as well as a bachelor’s degree in English. Cynthia’s experience includes the New England and Northeast states. She currently works as a liability claims professional and an occasional online contributor.

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Reviewed by Cynthia Lanctot
Licensed Agent

UPDATED: Jul 15, 2021

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A Concise Overview

  • Only two major companies offer a life insurance discount for auto insurance
  • Local providers in your area might also advertise this savings opportunity
  • Expect only a minor auto insurance rate reduction with a life insurance discount

While rare, it’s possible to combine your auto and life insurance policies through the same provider, earning a life insurance discount on your auto insurance.

Below, discover what companies offer an affordable life insurance discount for auto insurance and determine if insurance bundles are suitable for you.

After learning about life insurance discount rates for auto insurance, remember to enter your ZIP code into our free tool above to receive quotes from the leading providers near you.

What companies offer a life insurance discount for auto insurance?

If you want to buy life insurance discount auto insurance, your choices are limited. Currently, only two national insurance companies offer a life insurance discount to drivers.

Those companies are:

  • Allstate
  • Nationwide

Keep in mind that local agencies near you might also offer this insurance bundling opportunity.

Your age, driving record, and coverage needs also impact your annual auto insurance premiums.

Therefore, the best life insurance discount company for auto insurance for one driver might not be the same for their neighbor.

To ensure you’re earning your lowest prices, compare quotes online from different companies and remember to ask about additional auto insurance discounts.

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What is a life insurance discount for auto insurance?

A life insurance discount rewards customers with slightly lower annual rates because of your customer loyalty.

According to the National Association of Insurance Commissioners (NAIC), this discount is known as bundling because consumers purchase several types of insurance from the same company.

To qualify for this discount, you must purchase your life and auto insurance through the same provider that also advertises this savings opportunity.

Unfortunately, some companies might provide you with life insurance rates but don’t bundle the life and auto policies.

For example, let’s look at GEICO auto insurance. While there is GEICO life insurance, the company does not advertise any bundling discounts. The same is true about USAA life insurance.

Fortunately, this discount often stacks with other savings opportunities. So if you’re a safe driver or are insuring two cars, ask about safe driver discounts and multi-policy discounts as well.

Life Insurance Discount: The Bottom Line

It might be worth asking about a life insurance discount for your auto policy for people already using Allstate or Nationwide.

Auto insurance discounts are a great way to keep your premiums low. Bundling your insurances is often an easy and convenient way to reduce your rates even further.

Now that you’ve learned about securing a life insurance discount on your auto insurance quotes, you can enter your ZIP code into our free tool below to receive actual rates from the leading providers near you.

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