Digital home and auto insurance provider Kin has launched auto insurance for its home insurance customers in Florida and Texas, a move that allows people living in two of the most volatile insurance markets in the United States to bundle their policies for significant savings.
This expansion is a direct response to the growing challenges faced by residents of these states.
By bundling home and car insurance together, customers can now save up to 20% on their car premiums (a major incentive in a market with rising costs), while also providing them with easy policy management and comprehensive protection.
King noted that the expansion into auto insurance is specifically designed to address the unique challenges of the Florida and Texas markets.
Florida currently faces some of the highest auto insurance premiums in the country and a high rate of uninsured drivers. Kin’s platform is designed to provide clear, competitive coverage that bridges these gaps.
In Texas, Kin provides coverage to drivers across the state, providing protection against a variety of environmental risks in the state without geographic restrictions.
Kin confirmed the demand for bundled insurance in a recent survey. While 61% of homeowners have implemented bundling, others face significant barriers: 18% say it’s not an option, and more than a third are unaware of the benefits of bundling or the option itself.
Cost is the main driver; 70% of bundles offer savings and 39% would switch providers to receive a 20% discount, which is in line with the potential car insurance savings Kin offers bundlers.
“Customers in Florida and Texas told us they wanted the ability to bundle auto and home insurance, so we prioritized bringing this product to market,” said Kin founder and CEO Sean Harper.
“By offering auto insurance in addition to our existing homeowners insurance, we are providing them with coverage that protects them from their state’s unique risks—from Florida’s high rates of uninsured drivers to Texas’ severe storm risk—while keeping costs under control, simplifying the insurance experience, and strengthening long-term relationships with customers.
