What should I check first for auto insurance?

Start with the declarations page and the specific change or risk that made you look up the topic. Coverage conversations get clearer when the question is tied to a real property, vehicle, operation, contract, claim, or renewal decision.

Does this article mean I need a different policy?

Not necessarily. It means the issue is worth checking before you assume the current policy handles it the way you expect. Sometimes the answer is an endorsement, documentation, a different limit, a separate policy, or no change at all.

When should I ask an agent to review this?

Ask before a deadline, renewal, contract requirement, major purchase, property change, business change, or claim decision. A short review is usually easier than trying to fix a coverage assumption after the fact.

Inflation and Auto Insurance Rates

Inflation has reached a 40-year high, and it seems to be impacting everything. Here at our agency we see the impacts of inflation in real time and as a result, auto insurance premiums are on the rise. We feel fortunate that we can provide so many options to keep our clients from paying more than they have to. Whether you are a current client or a prospective client and you have concerns about your rates please let us know. We can walk through your specific situation and make sure you don’t pay more than you have to. Here are a few inflation-related factors leading to auto insurance rate increases: • Parts shortages trigger repair delays and lead to higher repair costs and rental car reimbursements. • The percentage of vehicles deemed a total loss after a covered accident is increasing due to higher repair costs. • Accident-related medical payments are increasing due to the higher costs of health care. • Catalytic converter theft is 10 times higher now than in 2019, leading to an increase in claims. • Accidents resulting in lawsuits now cost more to litigate. While you can’t control the effects of inflation, there may be strategies you can employ to lower your costs. Contact us to learn more about available discounts and review your auto coverage. We are here to help as much as we can.