Commercial auto, property rates up in Q3: Ivans
- June 6, 2025
- Posted by: Web workers
- Category: Workers Comp
Commercial auto and property rates rose in the third quarter, while other lines saw decreases, according to a report Thursday from Ivans Insurance Services, a unit of Applied Systems Inc.
The average third-quarter premium renewal rate for commercial auto was 9.71%, compared with 9.27% in the second quarter. The highest rate change, 9.73% occurred in July, while the lowest was in September, the report said.
Commercial property premium renewal rates increased an average 11.69%, compared with 10.85% in the second quarter.
The average premium renewal rate for general liability was 4.28% in the third quarter, down from 4.87% in the second quarter. Business owners policy premium renewal rates decreased an average of 8.68%, and umbrella premium renewal rates declined 8.56%.
Workers compensation average premium renewal rates increased fells 1.28%, compared with a 1.29% decline in the second quarter.
