Bundled insurance can be convenient and may attract a multi-policy discount when you combine cover such as home and car insurance with one insurer. However, the total cost is not necessarily lower than buying separate policies, and each policy can have different limits, exclusions, excesses and claim conditions. Compare like-for-like quotes, check whether discounts expire, and confirm how a claim or cancelled policy could affect the other covers. The insurer ultimately decides pricing and eligibility based on your circumstances, so review the product disclosure statements and ask the provider for clarification before switching.