Get All of Your Property and Casualty Insurance from One Carrier

Prefer to listen rather than read? Pair this post with Deliberate Money Moves Podcast: Get All of Your Property and Casualty insurance from One Carrier.

I know what you’re thinking. Property and Casualty Insurance is boring! Well, sure, if it’s done right it’s supposed to be boring.

Think about a time where you might have excitement in your life, and it involves insurance. What’s going on probably isn’t all too positive!

Boring Insurance Equals Less Risk

Let’s keep insurance boring by making sure we are covered in case bad things happen. And one way to do that is to get all your property and casualty insurance from the same carrier. If you do this, you will never have to experience two insurance companies pointing the finger at each other while your house or your car needs fixing.

I’m not saying all insurance is good. What I’m saying is that by shopping around to get the lowest cost on all your insurance, individually, you are creating a risk that you don’t need to take. The risk that something happens that is covered by neither of your carriers.

Whenever possible, it’s best to keep your home, auto, and umbrella policies with the same carrier. However, in today’s tighter insurance market, bundling isn’t always cheaper or available, especially in states like California and Oregon. The key is ensuring all your policies work together with no gaps in coverage.

Taking the First Step

When I work with clients on this topic, we usually start with an independent insurance agent who can source insurance from many different companies. But they all do it the same way. You buy the entire package of insurance – home, auto, umbrella from one carrier to make sure you don’t have any unintentional gaps in coverage.

An independent insurance agent can compare multiple carriers to find a package that balances cost, coverage, and stability.

Here’s this week’s Best Financial Life tip of the week: Get All of Your Property and Casualty Insurance from One Carrier.

*This blog was originally published in September 2021 and has been updated to reflect 2025 tax laws and limits. Podcast and video content may reference prior figures.