March auto insurance price increase climbs to 15%
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March auto insurance price increase climbs to 15%

Thorsten Schier
April 12, 2023
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The annual price increase for motor vehicle insurance in March rose to 15% from 14.5% the month prior even as the all-items consumer price index (CPI) moderated to a 5% gain for the last 12 months.

The all-items CPI increase was the smallest 12-month increase since the period ending May 2021. In comparison, February’s all-items CPI had also moderated to a 6% gain from January’s 6.4%

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