Many clients have turned to bundling their home and car insurance to save money. The savings from the multi-policy discount can be substantial for many customers, but they also may differ from state to state.
The May 2014 Quadrant Information Services study, commissioned by insuranceQuotes.com, examined the average economic impact of bundling auto insurance with homeowners', condo, or renters' insurance to reveal which states saved the most—and least—through a multi-policy discount.
For the comparison, the study used a hypothetical 45-year-old married woman with a bachelor's degree, a good credit score and no lapse in coverage, and compared the average premium discount for three types of bundling in all 50 states and Washington D.C.
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