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auto rates Archives - Horan Companies - CNY Insurance Agency

Blog Post - Group of People Men and Women Looking Shocked at Mobile PhoneGeneral Topics

Why does my insurance keep going up?

Have you ever thought to yourself or said aloud: “Why does my insurance keep going up?”. If so, you are like millions of others who have wondered the same. Every year, Car, Home, Workers Comp, Health, Umbrella, General Liability, and almost every other type of insurance increases in cost. What’s worse? You have done nothing to cause this. What can you do about it? Annual rate increases are something we’re very used to. In fact, we have been talking to our clients about this situation for years. Insurance carriers prefer we agents not pay so much attention to the price.…
May 9, 2022
Blog - Teen Driver Smiling Behind The WheelCar InsurancePersonal Insurance

When should you insure your teenaged driver?

Having a new 16-year-old is a big deal for parents. It’s also a big deal for your car insurance company. Leading up to the time that your son or daughter turns sixteen it’s a good idea to begin laying the groundwork for some important changes to your insurance. Insurance rates for teen drivers are considerably more expensive than the rates you’ve been accustomed to as the parent. Forecasting what the changes might look like will help you become better prepared for their successful road-test. Things to consider Does my teen want to get licensed? Once a license is issued for…
February 10, 2022
Why Cheap Car Insurance Is So ExpensiveCar InsurancePersonal Insurance

Why Cheap Car Insurance Is So Expensive

Before cutting down your car insurance there are things to know. Do you ever find yourself looking for ways to trim your monthly expenses? Perhaps the XM subscription could go, or maybe the cable is finally up for consideration (that home phone line went bye-bye years ago). Or maybe, that money-sucking-always-increasing-car-insurance-policy could use a scalpel. Tempting? Sure. But, before you throw it on your table and go all Dexter Morgan with it, you’d be wise to familiarize yourself with the basics behind all those big numbers. Before we go down that rabbit hole, there’s a secret I’m going to let…
February 4, 2022
Car InsurancePersonal Insurance

New York Rules that Auto Insurance Rates Can’t be Based on Driver’s Level of Education

New York says goodbye to Auto Insurance Rates being based on driver's education Could New York auto insurance rates get smarter? The New York Department of Financial Services (DFS) has finalized a regulation aimed to protect New York drivers from being unfairly discriminated against. The regulation centers around insurance carriers that were using a driver's level of education or occupation data when determining an auto insurance rate. After a multi-year investigation, the DFS came to a couple conclusions. Education played no role in determining whether someone was a better driver. The risk of loss was not higher regardless of a…
January 25, 2018
General TopicsInsurance Terms

What’s a Declarations Page??

Question 42 in 100 Insurance Questions in 100 Days Video Series https://youtu.be/6TDWaSmLjY4 The place to see what you are actually covered for exists on your declarations page. This is where you find out how much protection you have (or don't have) for liability, property damage, physical damage, medical payments, and so much more. Your New York insurance policy hinges on the information displayed on these pages. If you don't see a charge for something you hoped would be covered, it probably isn't.
September 18, 2017
General Topics

Does bundling my insurance always give me the best deal?

Question 19 in 100 Insurance Questions in 100 Days. https://youtu.be/sXMwLkhUuuE We've seen the ads: Bundle your home and auto and save!! While that might be true, it might also not always be your best deal! In fact, a large percentage of clients have their home and auto policies split because that deal was better than the bundled price or coverage! Watch more above to see why!
August 25, 2017
Car InsurancePersonal Insurance

When does a ticket or accident stop hurting your rates?

Question 17 in 100 Insurance Questions in 100 Days https://youtu.be/FFm90v2RHfw This is a common question and one that doesn't always offer a favorable answer. Most insurance companies are going to go back 5-years for all drivers on the policy. Any infraction will impact the overall rate of the policy. This is why having a small claim can often be more costly over time than the actual dollar amount of the claim. Watch the video for more information.
August 23, 2017
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