Historic inflation impacting home and auto insurance
Inflation is threatening to reach unprecedented highs in 2022. As a result, costs are rising across the country impacting carriers and customers.
To help you address questions or concerns your customers may have, we have gathered resources about how inflation impacts insurance and what can be done to help ensure you're protected.
Why costs are rising
It's impossible to point one single reason for inflation. Understanding why costs are increasing at historic rates means considering these factors as a starting point to explain to your customers why:
Higher prices for used and new cars
Increased labor costs
Increase in rental car costs
Explore our agent resource library to find materials and articles to help you to explain the trends, remind customers of the value their current coverage provides and help them to find the right coverage. Also, refer to our customer page for more shareable resources.
5 tips for talking to customers about rising rates
Inflation is headed for historic levels in 2022. What factors are impacting home and auto rates?
Why are insurance costs rising for homeowners?
View infographic (agent talk track)
Make the most of your insurance $s
Understanding replacement cost
Why am I paying more for auto insurance?