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12 January 2024Insurance

US household auto policy inflation tops 20% at end-23, well above claims

US average retail automotive policy inflation rose to above 20% in December, the latest milestone on an upward march that continues to hit multi-decade highs month after month and finally outpace the cumulative post-pandemic rise in claims cost inflation.

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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.

US auto policy costs rise again in June; still chasing key claims costs

12 July 2023 Versus pre-pandemic levels, policy costs have risen half as fast as used cars or repair.

US auto policy inflation hits all-time high; still racing with repair costs

14 June 2023 Vs. pre-pandemic levels, policy inflation has come half the distance of used cars, less than repair.

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