The market for personal insurance is finally heating up and insurers are showing no signs of slowing down.
According to a new report from Oxford Insurance, insurers in the U.S. are offering a total of $9,895 for a family of four.
The report comes on the heels of the company’s first-ever benchmark of $15,000 for a single person.
The average cost per policy has jumped by more than $100 since Oxford Insurance’s first benchmark.
The latest report also reveals that while the cost of an average policy has fallen by $5,200, that of an individual policy has grown by more by more.
Oxford Insurance says that its benchmark rate for 2017 was $5.50 for a $100,000 policy, but the company is not yet ready to publish the benchmark.
Oxford said that its policy base has grown at a faster rate than the national average since it launched in 2016.
As a result, the company says it will likely see an uptick in rates in 2018.
For 2017, Oxford estimated that its average policy costs more than double the national rate, which was more than twice the average rate in 2016 and almost twice the national cost of a similar policy in 2015.
The company is also predicting a significant growth in premiums for 2018.
While the average cost of policies has gone up by more money than it did in the past, the average number of policies issued has gone down by about half, Oxford said.
The growth in average rates comes despite the fact that the average policy was more expensive in 2015 than in 2016, according to Oxford Insurance.
In 2017, there were more than 20,000 policies issued by private companies, compared to less than 10,000 in 2016 (according to Oxford).
Oxford said its average rate has increased from a median of $539 in 2016 to $595 in 2018, while the average premium has increased by nearly $20.
That’s a big jump from $1,300 in 2016 when there were about 12,000 insurers offering policies.
Oxford estimates that the cost per year for a policy is now $531, which is roughly $400 more than in 2017.
This year, the price of a policy will be $564, Oxford expects, and the average amount of money the insurer will pay per policy will increase by about $150.
Oxford also found that the rate of growth in the average age of the policyholder has also been more than half.
Between 2016 and 2018, the rate increased by about one-quarter, according the report.
It is important to note that these figures are based on data from insurance companies.
For example, while some insurance companies are reporting that rates are increasing because of the Affordable Care Act, Oxford Insurance said that the majority of the premium increases it has observed have come from the rise in insurance companies offering policies to older people, the elderly, and those with pre-existing conditions.
Oxford believes that the rise of policies by insurance companies is a sign of the times, and that it’s important to look at the policies that insurers offer to older and pre-disposed consumers to see if their policies are improving the state of the marketplace.
“The current trend in insurance coverage is not sustainable,” the company said.
“We are seeing insurers’ prices rise and older and more expensive policies continue to decline.
This is a positive sign that insurers are responding to consumer demand.”