Vermont Business Magazine Vermont is Number 2... lowest. Consumers save an average of$295(16 percent) per year when they purchase their car and homeowner's insurance from the same company, according to a new insuranceQuotes.com report. In Vermont it's only $174.The states with the highest average annual savings areLouisiana($548),Oklahoma($489),Texas($429), Mississippi($405)andKansas($403).
Hawaiiimproved the most from last year (66 percent, from an average savings of$116 to $192), followed closely byFlorida(65 percent). Residents of 36 states currently save more by bundling than they did last year.
Idaho($172),Vermont($174),Utah($183),West Virginia($184)andVirginia($189)have the lowest average annual savings. InWest Virginia, the average bundling discount dropped 26 percent from last year, more than any other state.
Click here to view the results for all 50 states andWashington, D.C.:
http://www.insurancequotes.com/home/bundling-insurance-102215
"In most cases, you're going to save money by bundling your policies together, but I always tell people to get quotes together and separately," saidLaura Adams, senior analyst, insuranceQuotes.com. "Every situation is unique and some people are able to save money by splitting their policies between different insurers."
The average savings for combining car and condo insurance is 11 percent; consumers who bundle car and renter's insurance receive an average price cut of eight percent.
insuranceQuotes.com 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 theDistrict of Columbia.
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SAN FRANCISCO,Oct. 22, 2015/PRNewswire/ --insuranceQuotes.com