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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!
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The year 1962 was marked by historic events—from the Cuban Missile Crisis to the passing of Marilyn Monroe. But while the world focused on these headlines, Lee A. Ryan was working alongside his brothers on my grandparents' farm when an unexpected opportunity arose—an invitation to join the insurance business. With no prior experience, no clients, and limited resources, my dad took a leap of faith and partnered with Nationwide Insurance to start an agency from scratch. Operating out of his home on Karr Valley Road in Almond, NY, he built his business one relationship at a time (some of whom are still clients!), laying the foundation for what would become a lasting legacy.
“Am I covered if I drive someone else’s car?” Or, “Am I covered if someone else drives mine?”
Many don’t realize that the insurance industry is one of the country's most regulated business segments, especially in New York State. The New York State Department of Financial Services (NYS DFS) wields significant control over the insurance business and has a stated goal of protecting consumers.
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.
Insurance companies offer various discounts for which their policyholders may qualify.
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.
