Commercial Insurance Prices Are Still Rising, But at a Slower Rate

Commercial Insurance prices across the US rose by 4.8% in the final quarter of 2022, which is down 0.4% from the 5.2% rate increase registered in Q3 immediately prior.

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This trend is demonstrative of stability returning to these markets, which saw insurance price growth rates shoot up to double digits in 2020 before declining consistently ever since, with growth now at a rate less than half of their previous peak. 

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Not all types of commercial insurance are experiencing price growth at the same levels, of course. For example, commercial auto liability insurance has been hit particularly hard with substantial quarterly growth near double the current national average for more than 5 years running at this point.

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You can find that report here.