September 14, 2023
millerins4 reasons why your car insurance premium is soaring
It’s not only car prices that are giving drivers sticker shock these days — it’s also happening when they open their car insurance bills. The cost of auto insurance jumped more than 19% during the year ending in August, while overall inflation was 3.7%, according to the Labor Department Wednesday. On a monthly basis, car […]
September 5, 2023
millerinsSHOULD I BUY RENTAL CAR INSURANCE?
A Perspective reader recently asked us the question that every vacationer who rents a car wants to know: “Should I buy the Collision Damage Waiver/Loss Damage Waiver (CDW/LDW) that the rental car agent offers?” Or, in simpler terms: “Is it worth paying extra money for the additional “insurance” that’s offered to you by the rental car company […]
August 23, 2023
millerinsThe looming crisis that’s going to crush homeowners from coast to coast
As the risk of wildfires and storms grows, owning a home is getting riskier — and it’s showing up in the insurance market. Insurance 101 The business of private insurance is the business of balancing risk and profit. To maintain profitability, insurance companies have to take in more in monthly premium payments from customers than […]
August 9, 2023
millerinsInsurance terms, explained
Med Pay? PIP? Dec pages? Insurance terms, explained With all kinds of different coverages for all kinds of different needs, insurance can be very confusing. And to make it even more challenging, at times it probably seems like insurance websites and policy documents are written in a completely foreign language. Of course, that’s why we […]
August 1, 2023
millerinsBOAT & WATERCRAFT INSURANCE The Miller Insurance Agency can help make your time on the water relaxed and worry-free! We will find you comprehensive protection that protects you, your friends and family, your watercraft and your boating equipment. The average boat costs less than a dollar a day to insure. You’ll enjoy being on the […]
July 12, 2023
millerinsRV Safe Driving
Tips for safe driving in your RV With spring just around the corner, it’s a great time for a “spring break” RV trip. Whether you’re heading to your favorite campground or planning your getaway a lot farther from home, you’ll want to make the trip safely At The Miller Insurance Agency, we want you to […]
July 5, 2023
AgencyHow Insurers Make Money
Insurance companies primarily make money in two ways: from investments and by generating an underwriting profit—that is, collecting premiums that exceed insured losses and related expenses. It all begins with underwriting. Insurers, whether life or nonlife, must assess the risk and gauge the likelihood of claims and the value of those claims. Insurance companies invest […]
June 15, 2023
AgencyHow Telematics can help you save on Auto Insurance
Telematics uses wireless technology to monitor and troubleshoot a wide variety of vehicle performance information in real time. It makes possible many common and useful applications you may already be using such as onboard GPS, OnStar, and other security features. This technology can also help you save on auto insurance by allowing you to prove […]
June 6, 2023
AgencyCAR THEFT IS ON THE RISE: WHAT SHOULD YOU DO?
Pacific Northwest drivers are at high risk of walking out to their parked cars and finding nothing but an empty space. Washington is now the third-worst state in the nation for auto theft, according to new stats from the National Insurance Crime Bureau (NICB), despite being only the 13th most populous state. That places it behind No. […]
May 24, 2023
AgencyHard Insurance Market and Its Affect
In the context of the insurance industry, a “hard market” refers to a market condition characterized by various factors that drive insurers to adopt a more cautious and defensive approach. These factors include increased claims activity, social inflation affecting jury awards, stock market fluctuations, inflation, overall economic conditions, availability and affordability of reinsurance, the end […]