Umbrella and Auto Insurance Rate Increases Continue in 2021

Unfortunately, so far in 2021 we do not see the trends from last year going away. Umbrella and Auto rates have continued to increase significantly again this year with no sign of slowing. We have also seen examples of insurance carriers not willing to write large umbrellas, nor write over any other insurance company’s underlying coverage. As we transition to a harder market, it is best to prepare for double digit percent premium increases. For more information on the market projections for premium increases, keep reading here.