If you pay insurance on a vehicle, home, or any other amenity, a Clinton Insurance agent says you've likely seen those rates go up in the last six to twelve months.

Jay Peterson is the owner of Peterson Insurance in Clinton and indicates rate increases are really a perfect storm of several factors. He calls it a 'hard market'.

According to Peterson, there has been a lot of storm damage in the last several years and Insurance companies are covering claims from those.

Many insurance agents have likely had angry customers walk into their offices demanding the agent do something about the rates or they'll find a new agent to do business with. Peterson understands the frustration but says rates for every company are going up.

Peterson is the Chairman of the Board of the Illinois Insurance Association of Independent Agents. He was recently informed for every dollar of vehicle insurance companies bring in, they pay out $1.10. He says for some it's more, others it's less but he feels it is indicative of what companies are dealing with.