Jeff Shi

In a recent interview with CNBC, Tom Wilson, CEO of Allstate Insurance, shed light on the underlying reasons for the spike in auto insurance rates. He pointed to a crucial factor that has often flown under the radar—the dramatic increase in used car prices over the past few years. This revelation connects the dots between the surge in vehicle costs and the consequential rise in insurance premiums. #COVID19pandemic #selfdrivingcars #comprehensiveinsurancecoverage #TomWilson #supplychaindisruptions #policyrenewal #insurancepremiums #rateincreases #allstateinsurance #marketconditions #propertycasualtyagent #Insurancestrategy #smarttechnology #consumerinformation #autoinsuranceinflation #vehiclecosts

Your underwriter should be your friend. If you scratch their back, they will scratch yours. This is why you should always know what you're sending them. So if they have any questions, or concerns, you're already on top of them. This makes you look good for both the client and the underwriter, and can also make your underwriters' job a little easier. When you do that, they will be more inclined to want to help you and in turn make your job easier - which is a net positive for both you and your client. To be Preeminent, you have to stay on top of everything you are sending to your underwriters. They will appreciate it and help to make your job easier. Just another way you can put yourself on the path of becoming Preeminent; the path to success! #ProducerSuccess #InsuranceSales #InsuranceSuccess #ProducerStrategies #ProducerSales #PreeminentProducer

Risky driving patterns and auto claim severity continue to rise with no sign of slowing and your rates could be impacted along with it.

When it comes to auto insurance, the choices can be overwhelming. Let's break it down – Basic vs. Premium.🔍 Basic Plans: Basic auto insurance covers the essentials: liability and maybe a bit more. It's like a safety net for your vehicle, ensuring you meet legal requirements without breaking the bank. Premium Plans: Upgrade to premium for a full armor experience. Comprehensive coverage, collision protection, and perks like roadside assistance. It's not just about legality; it's about peace of mind. Click the link in bio to learn more! #TutenAgency #AutoInsurance #Insurance #PremiumCoverage #BasicInsurance #CarInsurance

The state’s Insurance Department has released its annual survey results comparing prices North Dakota’s Insurance Department has released the results of its annual auto insurance cost comparison, as...READ More #premiums #Vehicletype #Drivergender #policycoverage #Automotivepartsshortages #Householdsize #insurancerates #autoinsurance #inflation #insurancecompanies #NorthDakota #Savingsopportunities #insurancedepartment

USA Today's Best car insurance companies of April 2024 USA Today says the best car insurance company of 2024 is Nationwide. It has a wide range of coverages, some of the lowest rates and fewer complaints to state insurance departments, compared to many other insurers in USA Today's analysis. Travelers and USAA also receive 5 stars in USA Today's analysis of the best car insurance companies. Erie, Geico and Progressive earn between 4 and 4.5 stars and are also good car insurance companies to consider. #ZDLaw #DebtFighters #debtattorney #autoaccidentattorney https://lnkd.in/ee6X5CYB

#BeachAutoBlog In this blog, we'll explore the ins and outs of new car replacement insurance, helping you understand what it entails and whether it's a worthwhile investment for protecting your shiny new investment. https://ow.ly/a32750Sj7LO

Here is a great article on why auto insurance premiums have gone up. If you're interested in getting a comparison quote, please call our office at 847-432-1000. Auto Claims Severity Up Significantly Since 2020 With No Sign of SlowingAuto Claims Severity Up Significantly Since 2020 With No Sign of Slowing (iamagazine.com)

We’ve said this before, but it is worth mentioning again: Your underwriter is your best friend, if you allow them to be. This means that the more time you put into submissions for your underwriter, the more they’re going to be able to leverage that account for the best price and coverage possible. Sure, you’re busy and it’s sometimes difficult to see that extra work as the best use of your time when you could be out and about talking to new clients, but it absolutely is the best use of your time. It allows you to prove to everyone around you that you have a preeminent attention to detail and are willing to do whatever necessary to take care of your accounts. It is your reputation. Always take the time to make your underwriter’s job a little easier, because when you do, they will make your job easier and your client happier. And that will pay dividends.  Being a Preeminent Producer means putting in that extra time, fostering relationships with everyone you interact with, and demonstrating that you go the extra mile every step of the way.   #ProducerSuccess #InsuranceSales #InsuranceSuccess #ProducerStrategies #ProducerSales #PreeminentProducer

After years of rising price trends in much of the country, 2024 is likely to continue the trend The price of everything appears to be continuing to rise, and many experts predict that auto insurance rates will be among those increasing prices consumers must face. Coverage #pandemic #autoinsurancecoverageincreases #autoinsurance2024predictions #autoinsurancecoverage #autoinsurancepremiums #autoinsurancetrends #autoinsurancepandemic #BureauofLaborStatistics