What is gap insurance?

Gap insurance covers the difference between what a vehicle is worth, and what is owed on it.

Facts + Statistics: Auto theft

Key Facts

  • The National Insurance Crime Bureau (NICB) reported that over 1 million vehicles were stolen in 2022, a 7 percent increase over 2021 and surpassing 1 million for the first time since 2008. California and Texas had the most reported stolen vehicles, and Illinois had the largest increase, estimated at 35 percent between 2021 and 2022.

Understanding your insurance deductibles

Deductibles have been an essential part of the insurance contract for many years. Understanding the role deductibles play when insuring a vehicle or home is integral to getting the most out of your insurance policy.

Facts + Statistics: Marine Accidents

There were 38 large ships totally lost in 2022, a decline from 59 in 2021, according to latest data from Allianz. Safety & Shipping Review 2023 reports improvements in maritime safety have been significant over the past 10 years.

The region encompassing South China, Indochina, Indonesia and the Philippines had the largest number of shipping losses in 2022 with a total of 10. The region has ranked first in shipping losses over the past decade.

Facts + Statistics: Wildfires

Key Facts

  • According to federal data cited by the National Park Service, humans cause about 85 percent of all wildfires yearly in the United States.

Facts + Statistics: Homeowners and renters insurance

Homeowners insurance premiums

The average homeowners insurance premium rose by 7.6 percent in 2021 from 2020, according to a December 2023 study by the National Association of Insurance Commissioners, the latest data available. The average renters insurance premium fell by 1.7 percent in 2021 marking the seventh consecutive annual decline.

12 Ways to Lower Your Homeowners Insurance Costs

Download a PDF version of this brochure.

The price you pay for your homeowners insurance can vary by hundreds of dollars, depending on the insurance company you buy your policy from. Here are some things to consider when buying homeowners insurance.

Understanding the insurance claims payment process

After a disaster, you want to get back to normal as soon as possible, and your insurance company wants that too! You may get multiple checks from your insurer as you make temporary repairs, permanent repairs and replace damaged belongings. Here's what you need to know about claims payments.