Insurance pricing is generally fairly straightforward — if a customer wants lower premiums they'll likely have to accept a higher deductible.

But, according to a new study from insuranceQuotes.com, those savings can vary widely depending on where the insured lives.

“It's very interesting to see that in some states raising your deductible gives you a huge savings and in others it barely moves the needle,” said Laura Adams, senior analyst with insuranceQuotes.com, in a statement announcing the results. “In some states, you can save hundreds of dollars each year by signing up for a higher deductible, but in others, the reward is so small that it doesn't make sense to risk the higher deductible. This is a good reminder that doing a little research and knowing what's available to you can really pay off in the long run.”

The national average for savings on a higher deductible plan — $1,000 versus $500 — is 9%, according to insuranceQuotes.com. Increasing the deductible all the way from $500 to $2,000 results in a 16% savings on average.

But let's talk about the states where the most savings are possible (examples based on deductibles rising from $500 to $1,000).

5. Iowa

13% savings on higher deductible policies

4. Wyoming

13% savings on higher deductible policies

3. Kansas

13% savings on higher deductible policies

2. South Dakota

14% savings on higher deductible policies

1. Massachusetts

19% savings on higher deductible policies

But it's not all good news. InsuranceQuotes.com also tracked the five states with the smallest savings. They are Michigan (4%), Florida (5%), Louisiana (6%), North Carolina (6%) and Nevada (6%).

Click here to view the average premium savings in all 50 states and the District of Columbia: http://www.insurancequotes.com/auto.

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