Talking Points for Discussing Auto Rate Increases

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Countrywide auto insurance rates are on the rise.

In fact they are increasing at a rate that the industry hasn’t experienced in more than a decade. There are 5 primary factors contributing to the increase.

It is the responsibility of the insurance agent to be prepared to discuss premium changes with their customers and educate them on options to assist in ensuring that customers is adequately covered in the event of a loss.

Read the full article with tips on policy reviews. Download the print-friendly version with more facts, information and references.

Gas Prices

Record low gas prices are leading to record consumption levels. This means people are driving more miles, which is leading to more accidents.

Rising Employment

The improving economy is putting people on the road for longer hours and more miles.

Distracted Drivers

This has led to more accidents and in some cases some very severe & costly occurrences.

Increased Cost of Claims

Technological advances in cars make them more expensive to repair and increase labor costs.

Low Interest Rates

P&C insurance companies primarily invest in US bonds. Interest rates today are at historical lows, which is challenging for industry profitability.


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