$314 …Is How Much You Save By Bundling Your Auto and Home Insurance

Nationwide Bundling Savings Map (Graphic: Business Wire)

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AUSTIN, Texas--()--According to a new nationwide study by insuranceQuotes, consumers save on average $314 (16.19%) per year by bundling their auto and homeowners insurance.

“Discounts for bundling auto and home, condo or renters insurance vary by state, and can help many consumers save more than $500 per year. Combining policies with the same insurer is a simple and easy way to reduce premiums,” said Laura Adams, senior insurance analyst for insuranceQuotes.

Here are the states with the highest savings for bundling auto and homeowners insurance:

1. Louisiana – $584 (19.68% discount)
2. Oklahoma – $541 (22.34%)
3. Texas – $473 (17.30%)
4. Kansas – $444 (22.07%)
5. Mississippi – $430 (19.90%)

These states showed the lowest savings:

1. Vermont – $183 (12.42% discount)
2. Hawaii – $189 (11.15%)
3. Utah – $191 (14.20%)
4. Virginia – $193 (11.83%)
5. Washington – $214 (14.15%)

“Combining policies usually saves money, however, there are scenarios when using separate providers could be a better option,” added Adams. “So always compare quotes both bundled and unbundled.”

The full report—including rankings and savings for all 50 states, plus condo and renters data—is available at http://www.insurancequotes.com/home/bundling-your-insurance-for-savings-092016.

Methodology:

insuranceQuotes commissioned Quadrant Information Services to calculate rates using data from the largest carriers (representing 60-70% of market share) in each U.S. state and the District of Columbia.

About insuranceQuotes:

insuranceQuotes gives consumers a free, easy way to shop and compare insurance quotes online for auto, home, health, life and business. Follow on Facebook, Twitter, YouTube and Google Plus.

Contacts

Media:
For insuranceQuotes
Jacob Streiter, 646-695-7047
jacob@rosengrouppr.com

Release Summary

According to a new nationwide study by insuranceQuotes, consumers save on average $314 (16.19%) per year by bundling their auto and homeowners insurance.

Contacts

Media:
For insuranceQuotes
Jacob Streiter, 646-695-7047
jacob@rosengrouppr.com