BLOG

Looking For Something?

Auto Insurance Prices Likely to Keep Rising

Most lines of insurance cycle between soft and hard markets over a number of years, which has a direct impact on the price of insurance. The auto insurance market is currently hardening after many years of a soft market, which has resulted in higher prices for both commercial and personal auto policies.

Between 2011 and 2016, competition between auto insurance carriers created a soft, buyer-friendly market. Since then, however, the high cost of claims and increasing costs of vehicle repairs have contributed to a noticeable transition in the market.

Contact Warren G. Bender Co. today. We can provide you with resources to help you understand and save on auto insurance, including our new article, “Coverage Insights – The Hardening Auto Insurance Market.”

Filed under: Auto,Personal Insurance — Jillian Bender-Cormier @ 11:22 pm May 3, 2017