Investor Presentaiton
The Current State of the Auto Insurance Market
Late Summer 2021;
Auto Insurance Downturn Begins
Cost of claims rises rapidly due to
unexpected supply chain challenges,
higher used car prices and rising
accident severity
Carriers are unable to adjust rates
quickly due to lengthy regulatory
process
MV
Carriers face elevated combined
ratios; pull back significantly on
consumer acquisition spend
O
Current Outlook
Auto carriers continue raising rates to
restore adequate profitability;
progress varies considerably by state
Cost of claims showing some signs of
stabilization, however, inflationary
loss pressures persist
Anticipated improvements through
2023 and into 2024; exact timing of
the auto recovery remains uncertain
EVERQUOTE
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