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Americans Save $314 Bundling Auto and Home Insurance

-- New Study Finds: Americans Save $314 by Bundling Auto and Home Insurance --

AUSTIN, TEXAS (September 21, 2016)—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


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.

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