You may have noticed on your latest insurance renewals that your rates have increased.
Insurance rates for both auto & home insurance have been on the rise since the start of 2018 mostly due to the increase in severity and frequency of claims. New technology in vehicles like air bags, autonomous braking, cameras and sensors have caused a large increase in the cost of repairs even for small accidents. In a lot of cases vehicles are written off because of it.
Changing weather patterns are causing a big increase in claims costs resulting from water damage/flooding to homes and basements as well as wind storms like the big one in May 2018.