Have you noticed your insurance rates going up—even if you haven’t made a claim? You’re not alone. Across the country, many policyholders are experiencing premium increases for both home and auto insurance.
At Roger Welch Agency, we want to help you make sense of these changes. Here’s what’s causing rates to rise—and the proactive steps you can take to manage your coverage and your costs.
What’s Causing Insurance Rates to Go Up
While every situation is unique, most increases today are linked to a combination of nationwide factors:
Higher Construction and Labor Costs
From shingles to siding, everything costs more right now. If it costs more to rebuild your home, insurance companies have to increase their rates to match those replacement costs.
Extreme Weather Events
Severe storms, wildfires, and floods are becoming more frequent—and more destructive. These disasters result in more claims and bigger payouts, which drives up premiums for everyone.
Expensive Auto Repairs
Even a minor fender bender can be costly when sensors, cameras, and advanced electronics are involved. That cost gets reflected in your auto insurance rate.
Rising Reinsurance Costs
Insurance companies also purchase insurance for themselves—this is called reinsurance. As those costs increase, they’re passed down to policyholders.
Loss Trends and Market Conditions
If your area has seen an uptick in claims or insurance fraud, you may see rate increases even if you personally haven’t filed a claim.
How You Can Respond to Higher Rates
The good news? You’re not powerless. As your independent insurance agent, we can help you explore options and identify savings without compromising coverage.
Compare Multiple Insurance Carriers
We’re not locked into one provider. We’ll shop your policy with a range of trusted carriers to see who offers the best value today.
Take Advantage of Discounts
From bundling policies to installing home security systems or enrolling in telematics programs, we’ll help you find every discount available.
Adjust Coverage Where Appropriate
You don’t want to be underinsured, but you also shouldn’t overpay for outdated limits or extras you no longer need. A policy review can help right-size your protection.
Make Smart Risk Reductions
Updating your roof, improving drainage, or driving fewer miles are all small changes that can make a big difference in your rates over time.
Plan Ahead of Your Renewal
Don’t wait for a renewal surprise—let’s start the conversation early so you can take action before your rate increases.
Local Help You Can Trust
At Roger Welch Agency, we work for you—not the insurance company. We’re here to answer your questions, explain your options, and find the right policy for your budget and lifestyle.
If your rates have gone up, or if you just want a second opinion on your current coverage, we’re happy to help.
Let’s review your insurance together—reach out today for a no-obligation coverage checkup.