AUTO AND UMBRELLA COVERAGES CONTINUE TO ENDURE HIGHER RATE INCREASES
Commercial insurance rates across the United States continued their upward trend in the first quarter of 2025, with the composite rate increasing to 3%.
“Umbrella and excess liability, along with automobile coverages, saw the most significant rate hikes this quarter—both increasing by 6.7%,” said Richard Kerr, CEO of Novatae Risk Group.
Among industry sectors, transportation companies faced the highest increases, with premiums rising by 6%, reflecting ongoing underwriting concerns and market pressures in that space.
This data is part of an ongoing analysis conducted by the Risk & Insurance Alliance, providing market intelligence and benchmarking for brokers, underwriters, and risk managers navigating a dynamic insurance landscape.
A summary of the first quarter 2025 rates by coverage, cyber liability, industry class and account size are set forth below.
| By Coverage Class | |
| Commercial Property | Up 3.6% |
| Business Interruption | Up 3.6% |
| BOP | Up 3% |
| Inland Marine | Up 1.67% |
| General Liability | Up 2.3% |
| Umbrella/Excess | Up 6.7% |
| Commercial Auto | Up 6.7% |
| Workers’ Compensation | Flat 0% |
| Professional Liability | Up 1.3% |
| D&O Liability | Up 1% |
| EPLI | Up 1% |
| Fiduciary | Up 1% |
| Crime | Up 1.3% |
| Surety | Up 1.3% |
