October auto insurance prices increase 12.9%, outpacing overall CPI
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October auto insurance prices increase 12.9%, outpacing overall CPI

Farhin Lilywala
November 10, 2022
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The annual price increase for motor vehicle insurance accelerated 2.6 points to 12.9% in October, even as the all-items Consumer Price Index (CPI) moderated minimally to a 7.7% gain for the last 12 months.

In September, the motor vehicle insurance index recorded a 10.3% year-over-year increase.

Meanwhile, medical inflation – a key input to long-tail loss costs – increased 5.4%

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Farhin Lilywala
Section Editor, Distribution & Specialty
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