February auto insurance price increase moderates to 14.5%
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February auto insurance price increase moderates to 14.5%

Farhin Lilywala
March 14, 2023
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The annual price increase for motor vehicle insurance in February inched down slightly to 14.5% from 14.7% the prior month, as the all-items Consumer Price Index (CPI) slightly moderated to a 6% gain for the last 12 months.

The all-items CPI increase was the smallest 12-month increase since December 2021. In comparison, January’s all-items CPI had also moderated to a 6.4%

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Farhin Lilywala
Section Editor, Distribution & Specialty
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