Unhappy with Your Current Insurance Rates? Here’s What’s Happening.

Recent shifts in the insurance industry have understandably sparked concern about policy rates. As your dedicated insurance agent, we see it as our responsibility to illuminate the unprecedented changes occurring in our field and provide valuable insights to help you navigate these challenging times.

Why the Sudden Increase in Rates?

In the expansive history of the insurance industry, the current landscape is unparalleled. The impact isn’t limited to one company or specific individuals; it’s a collective challenge facing the entire industry. Understanding the factors driving this unprecedented situation is crucial.


Over the last 3.5 years, inflation has surged by an accumulative 18.11%. What cost $100 in 2020 would now set you back $118. The inflationary pressure is reshaping the financial dynamics of the insurance sector.

Catastrophic Weather Events

The frequency and severity of billion-dollar weather disasters have skyrocketed. This surge in natural disasters places substantial pressure on insurance companies to meet the rising tide of claims.

Auto Repair Costs

Auto repair costs have seen a staggering 20% increase in a single year. The evolution of safer cars has brought with it expensive technologies, transforming routine repairs into intricate and costly procedures.

Auto Claim Trends

The industry is grappling with a significant uptick in both the severity and frequency of auto claims, with the average claim cost rising by 35% since 2020. This trend presents a considerable financial challenge for insurers.

Home Repair Costs

Building materials have experienced a 19% increase since 2020, compounded by labor shortages that prolong the time homeowners are displaced. This dual impact further strains insurance companies’ ability to manage claims efficiently.

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What You Can Control

Understanding that insurance is most effective for catastrophic events rather than routine maintenance or minor losses is paramount. Each claim can result in a 9-20% increase that lingers for 3 to 5 years. Here’s a more in-depth exploration of how you can take control of your insurance costs:

Raise Your Deductibles

Consider strategically increasing your out-of-pocket amount when filing a claim to potentially reduce monthly premiums without compromising coverage.

Bundling Policies

Unlock additional savings by bundling multiple policies, such as home, auto, umbrella, and toys. This strategy not only streamlines your coverage but also ensures cost-effectiveness.


Engage with auto insurance telematics for instant discounts based on your driving habits. Beyond cost savings, this technology enhances your understanding of and control over your driving behaviors.

Payment and Billing

Explore discounts by paying your policy in full or setting up auto-draft for installments. Embracing paperless billing can contribute to additional savings while streamlining your payment process.

Modifying Coverage

Tailor your homeowner’s insurance coverage to align with your specific needs. While seeking cost reductions, ensure your adjustments maintain adequate protection, especially in the event of a total loss.

Improve Your Credit

Recognize the impact of your credit score on insurance costs. Many states consider a credit-based insurance score when determining policy expenses. Proactively working to improve your credit can yield tangible savings.

In navigating these challenging times, our commitment to providing transparent insights and practical solutions remains unwavering. The evolving landscape necessitates a proactive approach, and we’re here to guide you every step of the way.

Sherry BermanSherry Berman
17:55 08 Dec 22
We just moved over to e3 with Chris Stone, 1 1/2 years ago. Our house flooded during snowmeggedon in Texas last February. The insurance companies were overwhelmed with phone calls from Texas. Our insurance company was not responding to us on a timely basis, and because of the supply chain shortage, we knew we needed to act quickly. Chris knew who to talk to at our insurance company, and was a total advocate for us and made sure that our needs were being taken care of. Our last insurance agent was the advocate for the insurance company, not us. Chris knows the business inside out. He guided us along the process of what to do. e3 represents many different insurance companies, which gives Chris the ability to guide you into the best policy that meets your needs. He explains the insurance lingo in layman terms, and makes sure that you and your family are protected. My husband and I totally trust Chris to give us the best policy with in our budget.
Andy BermanAndy Berman
21:56 07 Dec 22
e3 Insurance and Chris Stone are simply the best!! After experiencing a flood in our house and a total redo necessary, Chris made the experience completely seamless!! There simply is no one better!!
Alex ThipkhosithkunAlex Thipkhosithkun
19:32 03 Nov 22
I can't say enough good things about Chris at e3 Insurance. He really is an expert in his field and was really helpful and thoughtful through my home and car insurance purchasing experience. But it doesn't stop there. Recently, I was facing a relatively stressful plumbing situation with my newly purchased house and after talking to Chris and putting me in contact with the right people, they had someone come out THAT afternoon-- Amazing!
Austin SandozAustin Sandoz
14:45 06 Oct 22
Chris was a client of mine for a long time. When I reached out to get a quote I was blown away. I found out my brand-new 2022 Jeep was severely underinsured and I had little to no protection for my assets.After comparing my old policy side by side with my new policy he was able to quadruple my coverage and protect my assets for LESS than what I was paying before. When it's done right, it's done right.
Sheryl KlousiaSheryl Klousia
14:29 06 Mar 22
Chris has been extremely helpful in finding us great policies for house and car insurance. He reviews our policy yearly to ensure we are getting the best rate and best coverage… and recommends changing when needed. We are very satisfied with his service… he has saved us so much over the 3 years that we have been with him ! So glad we found him. Our kids all use his services also !

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