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

By a News Reporter-Staff News Editor at Insurance Weekly News -- According to a new nationwide study by insuranceQuotes, consumers save on average $314 (16.19%) per year by bundling their auto and homeowners insurance.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160921006069/en/ Nationwide Bundling Savings Map (Graphic: Business Wire) "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. View source version on businesswire.com: http://www.businesswire.com/news/home/20160921006069/en/

Keywords for this news article include: Homeowners, Real Estate, insuranceQuotes.

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