r1@edmarinsurance.com
Riverside North Office Hours
Monday ~ Friday
10:00 AM - 6:00 PM
Saturday
10:00 AM - 2:00 PM
Sunday
Closed
r2@edmarinsurance.com
Riverside South Office Hours
Monday ~ Friday
10:00 AM - 6:00 PM
Saturday _ Sunday
Closed
m1@edmarinsurance.com
Merced North Office Hours
Monday ~ Friday
10:00 AM - 6:00 PM
Saturday
10:00 AM - 2:00 PM
Sunday
Closed
Atwater (AT)
Atwater Office Hours
Monday ~ Friday
10:00 AM - 6:00 PM
Saturday
10:00 AM - 2:00 PM
Sunday
Closed
209-580-6557 or Text
m3@edmarinsurance.com
This office is temporarily closed.
please see M3 Office for service.
M3 is locate 1.5 blocks North form M1
Merced South Office Hours
Monday ~ Friday
Closed
Saturday & Sunday
Closed
Current Auto Insurance news for Nov 14th 2023
The U.S. auto insurance market is currently navigating various difficulties, as underscored by 2023’s trends and research. The main aspects are:
Market Struggles: Several challenges are impacting the U.S. auto insurance sector, including a rise in severe weather occurrences, labor deficits, and inflation.
Escalating Rates: A notable number of U.S. auto insurance customers are experiencing rate hikes. In 2023, about 31% of them have seen an increase, with the industry average rate escalation at 15.5%. This surge is linked to insurers dealing with unprecedented high loss ratios, where they lost an average of 12 cents for every premium dollar in 2022, marking a two-decade low in performance.
Widespread Premium Rate Uptick: Private auto insurers across the U.S. have increased their premiums, noting an 11% rise up to August 2023. This increase is partially to make up for traditionally weak underwriting outcomes. Additionally, these rate hikes vary considerably by state.
Rising Interest in Auto Insurance: The rate of shopping for auto insurance rose by 12% year-over-year in the second quarter of 2023. This uptick is influenced by more vehicle purchases and the quest for more affordable insurance rates.
Insurers’ Financial Outcomes: Rate increases haven’t necessarily translated to higher profits for insurers. For instance, Progressive’s results in July 2023 revealed a year-to-date combined ratio of 97.6, a slight improvement from 99.1 in the first half of the year, indicating a tough financial scenario for insurance companies.
These trends indicate a fluid and complex situation for both consumers and providers in the American auto insurance market.
2023-10-06 Auto Insurance news update
Recent developments in the auto insurance sector indicate a trend of rising insurance premiums and rate increases across various states. Here are some of the
Lines From Space
we have found out that the Calfornia DMV website dues not have correct Times listed at there offices. and due to the large number of