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Great 8 Tip 3 - Bundle
Jeff Ryan - CLU, ChFC, AIA, CIC, CPCU
July 10, 2024
OK. Admittedly, this strategy doesn't benefit everyone, but it can be very beneficial for those it does. You may have unique home or auto insurance needs that prevent you from bundling with the same company. Alternatively… you might have a better rate without the bundle discount by splitting up your insurance between multiple carriers.
However, for some clients, this strategy can be a game-changer. In these cases, a substantial discount is typically applied to both policies, which can be significant!
Here's a real-world example:
- Auto Policy
- without Home/Car Discount: $2,052
- with Home/Car Discount: $1,849
- Savings: $203
- Home Policy
- without Home/Car Discount: $986
- with Home/Car Discount: $910
- Savings: $76
TOTAL BUNDLE SAVINGS: $279 per year (just shy of 10%)
Not all company's multi-policy discounts work the same or involve the same types of policies.
Again, It's important to note that this discount only works for some. Our staff understands this and is sensitive to the potential of multi-policy or home/car discounts. We're here to help, whether you're interested in the discount or other benefits of having the same auto and home insurer.
Multi-policy discounts can significantly lower insurance costs. Everyone at
The Ryan Agencies would welcome your call to discuss this potential discount in more detail!
This article may have been originally published at Quora.com.
To see Jeff's Quora.com profile click here.
Most property insurance companies offer Actual Cash Value or Replacement Cost settlement options. Typically, insurance companies will require that you insure the property to the settlement value you choose. If you select Actual Cash Value, the amount you may be required to insure the property for will be less than the corresponding Replacement Value.
In that spirit, the Ryan Agency is sponsoring a Stearns BBQ Dinner pickup at our office on 57 Broadway Mall in Hornell on September 12th from 3:00 PM to 4:30 PM.
Today, an individual’s credit history can play a more significant role than any one of those traditional factors. Good Credit Scores lead to a Positive Insurance score. A good Insurance Score greatly influences what someone will pay to insure their vehicles.
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Great Eight number Six (6) suggests taking a look at removing Comprehensive and Collision on Older Vehicles.
By reducing the number of claims in your insurance history, you can significantly affect your rates in the future.
Sometimes, this concept meets with resistance from policyholders. The thought of paying more in the event of a claim is off-putting to some. Even if that means I pay more for my insurance.
In recent years, companies have implemented discounts for paying insurance policies in full (or annually) for some types of insurance. Many companies offer this option, especially for their auto policies.
The Defensive Driving Course is the most universal and non-discriminatory way to save on auto insurance.
Regardless of the insurance company you choose, these eight great ideas will help you save money on your insurance now and in the future!
