Canadian Personal Auto & Property premium rates continued to rise in Q2’25

Applied Systems has released the second quarter of 2025 results of the Applied Rating Index, the Canadian insurance industry’s premium rate index, showing year-over-year and quarter-over-quarter increases in average premium rate changes for both Personal Auto and Personal Property lines.

In Q2’25, Personal Auto premium rate change increased 14.9% compared to Q2’24. Quarter-over-quarter, average rates increased 3.3%.

All provinces saw year-over-year increases in Personal Auto, with Ontario recording the highest at 18.5% and Alberta the lowest at 10.6%. Quebec and the Atlantic Provinces saw increases of 13.7% and 15.7%, respectively.

All provinces also recorded quarter-over-quarter increases, with Quebec at 1.2%, the Atlantic Provinces at 2.7%, Alberta at 3.0%, and Ontario at 4.4%.

For Personal Property, premium rate change increased 6.9% in Q2’25 compared to Q2’24, and 3.4% compared to Q1’25.

All provinces in Personal Property lines experienced increases compared to the same quarter last year, with Alberta, British Columbia, Ontario, Quebec, the Atlantic Provinces, and Saskatchewan & Manitoba recording increases of 9.5%, 1.0%, 5.0%, 10.1%, 7.1%, and 9.4%, respectively.

Quarter-over-quarter, Alberta, British Columbia, Ontario, Quebec, the Atlantic Provinces, and Saskatchewan & Manitoba saw increases of 5.9%, 1.7%, 1.8%, 1.3%, 3.0%, and 3.9%, respectively.

Steve Whitelaw, SVP and General Manager of Applied Systems Canada, said, “It is evident that rising auto premiums are not just a short-term fluctuation but a trend across the country.

“We also see that the Homeowners rates are under similar upward pressure. The Applied Rating Index will continue to monitor rates across both personal auto and property lines, serving as a reliable measure of overall market activity.”

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