Ah, it’s the inevitable “end of summer” report. While the warmer months tend to see the most personal insurance activity, there is still a lot to look forward to heading into fall if your agency has an appetite for personal insurance. Here’s a look at the insurance trends we see for fall on TrustedChoice.com.
Some Personal Lines insurance products heat up as the weather gets cool
In the last two years, approximately 70k inbound, high-intent personal lines insurance consumers completed the insurance questionnaire (aka “funnel”) on TrustedChoice.com in order to be matched with an independent agent. Using this data, we identified several products that have increased demand in the fall months. You may find some of them surprising!
And since you’ve told us that finding an insurance market is one of the more challenging parts of the sales process, we pulled together a list of trusted insurance company partners who have appetites for these products.
1) Snowmobile Insurance
Let’s start with the obvious! As the weather gets colder, more people are looking to insure their snowmobiles. We see requests for this type of insurance practically doubling every month starting in September through the end of January.
Need a hand finding an insurer when the requests start coming in? Check out these TrustedChoice.com partner companies that have an appetite for snowmobile insurance:
- The Andover Companies
- Central Insurance
- Encova
- Foremost
- MAPFRE Insurance
- MMG Insurance
- NYCM Insurance
- Peerless Insurance
- Progressive
- Safeco Insurance
- Safety Insurance
- State Auto Insurance Companies
- West Bend
2) Short-Term Sharing
Speaking of snow, more requests for short-term sharing insurance happen in the cooler months. Why? Perhaps this trend is partially due to snowbirds renting out their empty winter homes as they flock to warmer climates. Lucky them!
And, lucky you because we know several insurance company partners who specialize in short-term rental insurance.
3) Landlord Insurance
October seems to be the month that kicks off an upward trend in requests for landlord insurance, staying steady through the winter.
Next time a landlord comes knocking on your door, hook them up with one of these insurance companies who have an appetite for the insurance they need.
- The Andover Companies
- Arbella Insurance Group
- Central Insurance
- Encova
- Foremost
- Kingstone
- MAPFRE Insurance
- MMG Insurance
- NYCM Insurance
- Ohio Mutual Insurance Group
- Pacific Specialty Insurance Company
- Peerless Insurance
- Progressive
- REInsurePro
- Safeco Insurance
- Safety Insurance
- State Auto Insurance Companies
- Sterling
- Stillwater Insurance Group
- Vermont Mutual Insurance Group
4) Collectible Auto
While requests for car insurance in general remain fairly steady all year round, about 40% of all collectible auto insurance requests on TrustedChoice.com have been seen in October through December. This may be a reflection of automobile sales trends which have two peak seasons — one starting in March and the other in September.
Here’s our list of partners who have an appetite for collectible automobile insurance:
- Central Insurance
- Encova
- MAPFRE Insurance
- NYCM Insurance
- Safeco Insurance
- Safety Insurance
- Selective
- State Auto Insurance Companies
- West Bend
- Westfield
Find any market, any time
If you haven’t heard by now, we’ve partnered with Ask Kodiak to help you find new insurance markets. Be sure to check out our free insurance market finder tool next time you are looking for a trusted carrier, MGA or wholesaler for your customer.
We wish all the independent insurance agents on the TrustedChoice.com platform a prosperous end to the year! If you do not have an Advantage profile on TrustedChoice.com yet, let us give you a demo so you can see how we can connect you with more high-intent digital insurance prospects!
