Updates in the personal insurance market
Updates in the personal insurance market. As an independent insurance agency, we strive to provide our clients with the best coverage options at competitive rates through our 20+ carrier partners. However, the industry has seen recent updates in the personal insurance landscape, which have presented challenges in terms of high premiums and declines in coverage across the board. We will explore these updates from our perspective, shedding light on the factors contributing to rising premiums, and how we can work together to find solutions.


  • Industry-wide trend: The insurance industry as a whole has experienced rising costs, which directly impact premiums. Factors such as increased claims frequency and severity, rising healthcare expenses, and the growing impact of natural disasters have led to higher premiums across different lines of personal insurance. 
  • Underwriting Guidelines: Insurance companies continually review their guidelines to manage risk effectively. Adjustments can result in premiums increasing for certain policy holders. 
  • Market Competition: Insurance companies must balance competitive pricing with profitability. In some cases, premium adjustments are made to maintain financial stability and ensure adequate coverage for policy holders. 


  • Evaluation of coverage: Policyholders should review their coverage periodically to ensure it aligns with their needs. As an independent agency, we can assist in assessing coverage options, comparing rates from multiple insurance providers, and explore potential discounts to mitigate the impact of high premiums. 
  • Risk Management: We encourage policyholders to actively manage risks to minimize potential losses and lower premiums. By implementing safety measures, such as home security systems, smoke detectors, or defensive driving techniques, clients can demonstrate their commitment to risk reduction, potentially leading to more favorable rates. 


  • Market Knowledge: As an independent agency, we closely monitor industry trends and stay informed about market developments. This allows us to provide up-to-date insights to policyholders, helping them navigate through changing insurance landscapes and find optimal solutions.  
  • Tailored Solutions: We have access to multiple insurance carriers and can search for policies tailored to individual needs. 

As an independent insurance agency, we acknowledge the challenges posed by high premiums in the insurance industry.  By understanding the factors influencing premiums, policyholders can take proactive steps to manage their risks and explore alternative coverage options. As your trusted insurance advisor, we are here to provide guidance, support, and advocacy. By working together, we can navigate these changes, secure suitable coverage, and strive for a fair and balanced personal insurance market. 


At Conner Insurance, we have set the standard for superior guidance and exceptional service for more than 70 years. Contact us at (317) 808-7711 to speak to one of our advisors. We are located in Indiana and serve the whole state, including Indianapolis, Fort Wayne, Carmel, Noblesville, Westfield, Fishers, Brownsburg, and Evansville. We also provide insurance and benefits to all fifty states. 

2017 Healthiest Employers