Insurance rates have been on the rise for over a year, and will continue into 2021 due to the hard market conditions. We are seeing an average projected price increase of 11.6% across all lines, with a staggering 16.6% average increase predicted on the umbrella/excess liability line. Auto follows at a 14.2% increase, and commercial property at 13.6%. The shining light is workers compensation, which is predicted to hold at a 4.7% increase due to the line being profitable the last few years. These conditions are set to continue as insurance companies are structuring their rate making to return profitability to lines in trouble. To learn more, please click here.