Motor vehicle insurance CPI rises 4.4% while overall CPI moderates

Farhin Lilywala

May 11, 2022

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Consumer motor vehicle insurance prices in April rose at a 4.4% annual pace, a modest uptick on the 4.2% annual pace in March as insurers ramp up rating action in an attempt to catch up with runaway loss costs.

There are also signs of medical inflation – a key input to long-tail loss costs – with the medical care index up 0.4%

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Topics

News Rates Personal auto Commercial auto

Farhin Lilywala

Section Editor, Distribution & Specialty