What’s Driving Auto & Home Insurance Premiums Up?

It’s likely that your
auto and home
insurance premiums
have increased over
the past couple of
years, even if you have
not had a substantial
claim. What’s driving
these higher costs?
Insurers are
responding to the
same market forces
that have caused an
increase in the cost of
dental supplies and everyday items like groceries. The cost of building
materials and repairs have been hit hard by inflation. Early last year, Citizens
Insurance reported the cost of building materials increased 26% and auto
repair costs escalated by 40%. Additionally, labor costs are up.
You and your team can learn more about the factors driving higher
premiums, and how to be a smart insurance shopper, by scheduling an auto
and home Lunch & Learn with Jeni Drummond, personal lines manager at
MDA Insurance. She’ll host lunch in your office and present an interactive,
informative program and answer questions. Anyone submitting
a quote request will receive a $10 gift card.
“People are surprised by how much we can save them on auto and home
insurance without compromising on coverage,” Drummond says. “We shop
several carriers and present the best options to those requesting quotes.
MDA members and their employees are eligible for discounts on personal
insurance coverage – a benefit of membership
that people often overlook!”
Scan the QR code at right to request a
Lunch & Learn, or call 800-860-2272.