December auto insurance prices tick up to 14.2% while overall CPI continues moderating

Farhin Lilywala

January 12, 2023

Traffic jam in the city

The annual price increase for motor vehicle insurance in December accelerated to 14.2% from 13.4% the prior month, even as the all-items Consumer Price Index (CPI) moderated to a 6.5% gain for the last 12 months.

In comparison, last month's all-items CPI moderated minimally to a 7.1%

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Topics

News Rates Commercial auto

Farhin Lilywala

Section Editor, Distribution & Specialty