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Hawaii Ranks Last In Saving On Bundled Insurance Policies
Thursday, June 05, 2014
Hawaii home and car owners save the least amount of money in the country when they buy insurance polices for their cars and homes from the same company, a report from insurancequotes.com says.
Hawaii residents save an average of just $116 per year when they bundle their polices a discount of 7.04 percent. Lousiana residents save the most — $505 per year, while residents in Oklahoma see the highest percentage savings at 22.27 percent, the report says.
Insurancequotes.com commissioned the study from Quadrant Information Services. It used a hypothetical 45-year-old married woman with a bachelor's degree, excellent credit and no lapse in insurance coverage as a model for the study.
Despite Hawaiii's low ranking, Mike Barry, a spokesman for the Insurance Information Institute, says on insurancequotes.com that no matter where one lives, it's worth looking into bundling insurance.
 

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