August auto insurance price increases outpace overall CPI

Farhin Lilywala

September 13, 2022

The annual price increase for motor vehicle insurance accelerated to 8.7% in August, even as the all-items Consumer Price Index (CPI) moderated to an 8.3% gain compared with the same month last year.

In July, the CPI moderated to 8.5% compared with a record high of 9.1% in June. The motor vehicle insurance index recorded a 7.4%

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Topics

News Rates Personal auto Commercial auto

Farhin Lilywala

Section Editor, Distribution & Specialty