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12 October 2023Insurance

US household auto policy inflation at 18.9%, passing claims costs

US average automotive policy costs advanced 1.2% in September, just slow enough to allow a light decrease in the annual inflation to 18.9% from its prior month all-time high, the latest monthly inflation reading from the US Bureau of Labor Statistics (BLS) has indicated.

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More on this story

Insurance
US household auto policy costs accelerate further; cut margin gap
14 September 2023   Policy cost inflation beat repair cost surge for first time since beginning of 2022.
Insurance
US auto claims severity back on the rise; policy inflation hits 15%
13 April 2023   Severity looks sticky: parts and repair costs put paid to prior month hopes for relief.


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