The cost of auto insurance continues to rise, and a big part of this is due to growing automobile repair costs.
In their October 2023, Best’s Review cited the average increase by part group from 2019 to 2023. The following is the average increase in cost for most automotive body parts:
- Front Lamps + 32.7%
- Front Grille + 36.2%
- Front Bumper + 18.8%
- Radiator Support + 17.3%
- Hood + 35.0%
- Front Fender + 18.4%
- Windshield + 56.4%
- Air Conditioning + 20.2%
- Quarter Panel + 25.2%
- Trunk Lid + 18.9%
- Rear Lamps + 35.3%
- Rear Bumper + 15.4%
Rising costs are not limited to any one geographic region of the United States. Inflation is hitting every single part of our daily lives, and those rising costs are now being reflected in insurance carrier financial results. As a result, they have to take action in order to remain healthy and stay in compliance with the law.
At Beck Insurance Agency, we understand that these rate changes impact our customers directly. Please know that as each renewal policy comes in each day, our staff is taking the time to conduct full comprehensive reviews and complete remarkets with our other insurance carriers. We do this to ensure that you are getting the fairest rate possible and to proactively make sure your coverages are where they need to be.
For questions or quotes on your personal home, autos, umbrella, or other personal insurances – please contact Beck Insurance Agency in Whitehouse, or Archbold, Ohio today. Call 419-446-2777, email us at help@beckinsurance.com, or click here to submit your request today.
Our independent agency will search through our network of insurance carriers. This means when better coverage or lower rates are available, you reap the benefits. Beck Insurance Agency puts the power of independence to work for you. We have access to dozens of top-rated, financially strong and respected insurance carriers, ensuring you get the coverage that’s best for you at the fairest possible rate. You get more for less with the power of independence at Beck Insurance Agency!
