Contact Us

NJ Consumers Save Hundreds by Bundling Insurance [AUDIO]

New Jersey consumers who bundle their auto and home insurance coverage from the same company receive an average discount of $283 per year according to a survey released Wednesday by insuranceQuotes.com.

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

Money
Ingram Publishing, Thinkstock

“Consolidating your insurance policies with a single company is one of the easiest ways to save money,” said Laura Adams, a senior analyst at insuranceQuotes.com, in an emailed press release Wednesday.

Nationally, the savings average is $270.  Louisiana has the highest savings at an average of $505, followed by Oklahoma ($468), Texas ($435), Mississippi ($422) and Missouri ($366).  The lowest bundling savings is in Hawaii, where consumers only save an average of $116.

Adams said regional and state differences are attributed to different regulations and higher risk factors in certain regions. For example some coverage in so-called tornado alley of the Midwest is higher for home insurance.

“The savings you can get from bundling really do vary from state to state,” Adams said.

The average savings for combining car and homeowner’s insurance is 15 percent.  People who bundle their car and renter’s insurance save about 8 percent.

New Jersey ranked 17th in the nation for the highest savings realized from bundling.

 

 

 

 

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://wobm.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on 92.7 WOBM quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here

Register on 92.7 WOBM quickly by logging in with your Facebook account. It's just as secure, and no password to remember!