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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!
About the Author: Jeff Ryan has been a licensed insurance agent since 1978, later becoming a full-time insurance professional in 1983. Since then, he has been the principal of The Ryan Agencies with offices in Hornell, Jasper, and Wellsville. The agencies serve approximately 15,000 clients in New York and Pennsylvania. Jeff holds numerous credentials including the Chartered Property & Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC), Accredited Advisor in Insurance (AAI), Chartered Life Underwriter (CLU), and Chartered Financial Consultant (ChFC) designations. He holds a Master's Degree from the American College. Jeff enjoys writing about all things insurance and welcomes your questions and feedback.
This article may have been originally published at Quora.com.
To see Jeff's Quora.com profile click here.
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