Updated: Mar 12, 2021
Twice over the past several month agents saw a jump in business with the release of stimulus checks. The next round will be released starting today and should once again bring a bump to auto-home agencies just after the Spring Break season. A welcomed additive for independent agents as the first three months of the year are not the surge of new business as seen five years ago.
Here's a look at the latest stimulus package and where the dollars are headed.
How will consumers use their stimulus checks? A look at those surveyed in December shows a large percentage will be used for paying bills.
One other item: Let you clients know that auto insurance is affordable in Texas. 18 other states have much higher premiums than Texas. Car insurance in Michigan and Florida is extremely expensive as both are "no fault" states. Below is a view of average premium by state in 2020.