Inflation is everywhere — we’ve felt it across the insurance industry as supply chain backups and production shortages drive up the price of cars, homes and their repairs.

 

A microchip shortage has cut 13 million cars out of production and the average new car costs $10,000 more than its pre-pandemic price! Demand for skilled technicians outpaces supply five to one. Costs for construction materials are up over 50%. Home prices are up over 10% since last year. The list goes on.

​

No one likes higher prices, but when it comes to inflation, we're all in this together.

​

This infographic will help you understand how inflation is impacting our industry.