Our team of insurance advisors keeps a close eye on what is trending in our industry. This insight helps us stay on top of items that may impact our clients and allows us to take a proactive approach in offering you available coverage options.<\/p>\n\n\n\n
This year, we are seeing increases in insurance premiums across the board. Increases can happen for a number of reasons, oftentimes for circumstances outside of your control. When carriers suffer losses due to an increase in claims, they typically increase premiums to offset the costs.<\/p>\n\n\n\n
For example, 2020 was the deadliest year for auto accidents in a decade, despite many carriers offering discounts for limited driving1<\/sup>. In 2021, the auto industry experienced a spike in used car prices and felt pressure from computer chip supply issues. We also saw a historical increase in lumber prices and an uptick in natural disasters across the country.<\/p>\n\n\n\n While we proactively shop our clients’ policies when we see abnormal rate increases, it’s important to inform us of any updates to your home and\/or auto(s), as it may help lower your premiums. For example, did you recently install a new roof or windows? Have you taken a defensive driving course within the last year? Would you consider utilizing a telematics device to track your driving habits for a period of time? Have you bundled all of your insurance policies with us? (As an Insurance Solutions client, you may be eligible for a multi-policy discount, even if your policies are with different carriers.)<\/p>\n\n\n\n Have a question about your policies? Give us a call at 833-359-0725 or email us<\/a> to learn more.<\/p>\n\n\n\n