Motor vehicle insurance CPI rises 4.5% while overall CPI increases 8.6%
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Motor vehicle insurance CPI rises 4.5% while overall CPI increases 8.6%

Farhin Lilywala
June 10, 2022
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Consumer motor vehicle insurance prices in May rose at a 4.5% annual pace, a modest uptick on the 4.4% annual pace in April and 4.2% in March, as insurers ramp up rating action in an attempt to catch up with runaway loss costs.

Meanwhile, the overall Consumer Price Index (CPI) rose at an 8.6% annual pace, slightly higher than April's 8.3% pace.

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Topics

Rates Personal auto Commercial auto
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Farhin Lilywala
Section Editor, Distribution & Specialty
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