National Statistics Show Wisconsin Great Buy on Auto/Home Insurance

National statistics show insuring your home and vehicle is cheaper in Wisconsin than nearly any other state, according a report from Wisconsin Public Radio.

Data from the National Association of Insurance Commissioners shows the average combined home and auto insurance premium in Wisconsin is 29 percent lower than the national average.

The NAIC statistics are from 2003, latest data available. It ranks Wisconsin 49th out of 50 states and the District of Columbia. Only Idaho is less expensive.

The average cost to insure both your home and auto in Wisconsin is $1,054.

Wisconsin Insurance Alliance President Eric Englund says the state has a competitive insurance environment with several national firms based here, giving homeowners and drivers greater choices. He added that recent mild winters have reduced the number of car accidents and subsequent claims.

Source: Wisconsin Public Radio