Three key factors may make a big difference if the unexpected happens
From the Ryan Agencies, Follow them on Facebook
At the Ryan Agencies, we know that life in the Southern Tier means spending a lot of time on the road. Whether you’re commuting through Hornell, heading out toward Wellsville, or navigating the winter roads in Jasper, your vehicle is essential. When the unexpected happens, the first thing on most people’s minds, after safety, is: “Is my insurance going to go up?”
We want to provide you with some clarity on how this works in New York.
As an independent agent, our goal is to help you maximize the value of your premium and SaveSmart. The truth is that an accident doesn’t always lead to a rate hike, at least in the near term. Whether your premium changes depends on several key factors:
Your Policy Status: Are you renewing an existing policy or applying for a new one?
- Carrier Practices: Many New York insurance companies actually forgo rerunning Motor Vehicle Reports (MVRs) at every renewal due to the costs involved. Unless there is a significant reason to pull a new report, your rate may remain steady even after a minor incident.
Who is at Fault and the Severity of the Accident: All accidents are not treated the same. “At-Fault” accidents are met with more scrutiny and potential consequences than those where you’re not.
Claims Frequency: All claim activity is reported through what is called a CLUE Report (Comprehensive Loss Underwriting Exchange). The number of claims you have is a significant factor in your current and future insurance costs. By the way… Insurance companies share claim information to determine future rates and other mitigating actions.
Our dedication to you goes beyond just quoting a policy; it’s about looking out for your best interest, providing helpful advice, and honest advocacy. We believe that an informed client is our best client. If you ever have a concern about a recent accident and/or potential claim, or if you simply want to review your coverage to ensure you’re getting the best value, please don’t hesitate to reach out.
We are proud to serve our neighbors across the Southern Tier, and we appreciate the trust you place in us to protect what matters most.
Have more questions? We LOVE to help! Please feel welcome to contact the office nearest you or visit our informative homepage at RyanAgency.com
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