Personal auto insurance net written premiums are forecast to decline 0.6% in 2026, the line’s second-lowest annual growth rate in more than 15 years behind only 2020, according to the latest members-only Insurance Economics and Underwriting Projections: A Forward View webinar from the Insurance Information Institute (Triple-I) and Milliman. The 2026 forecast is 4.6 percentage […]
Progressive Reports Personal Auto Policies in Force Up 7.4% in September Compared to 2025
While up year-over-year, the personal auto policy count declined compared to the previous month for the first time since late 2023. The Progressive Corporation (NYSE: PGR) reported its total personal auto insurance policies in force were 28,195,000 in September 2026, an increase of 1,946,000, or 7.4%, from 26,249,000 in September 2025. September extended the moderation […]
Lemonade Extends Tesla FSD Insurance Discount to Older HW3 Vehicles
Lemonade Inc. (NYSE: LMND) said Oct. 8 that Tesla owners whose vehicles run on HW3, Tesla’s previous-generation onboard computer, can now save 30% on miles driven with Full Self-Driving (Supervised) engaged under its Autonomous Car insurance. The discount applies to vehicles running Tesla’s new FSD (Supervised) v14 Lite software and is initially available in Arizona, […]
Safer Roads Are Not Producing Cheaper Auto Claims, APCIA Report Finds
Vehicle damage severity rose more than 42% from 2020 to the third quarter of 2025. Traffic deaths have fallen and personal auto insurers have returned to underwriting profitability, but the cost of the claims that remain continues to climb, according to a report released Oct. 2 by the American Property Casualty Insurance Association (APCIA). In […]
Lemonade Launches Both Car and Autonomous Car Insurance in Missouri
Lemonade Inc. (NYSE: LMND) said Sept. 2 that it has launched its Lemonade Car auto insurance product in Missouri and, on the same day, its Autonomous Car product, which gives Tesla owners in the state 50% off every mile driven using Full Self-Driving (Supervised). “Missouri drivers are getting Lemonade Car and Lemonade Autonomous Car at […]
Florida Policyholders Paid Nearly $3 Billion Less in 2025, APCIA-Commissioned Study Finds
Florida homeowners and personal auto policyholders paid nearly $3 billion less for coverage in 2025 than they did a year earlier, according to an actuarial study commissioned by the American Property Casualty Insurance Association (APCIA) released Sept. 2 that credits the state’s 2022 and 2023 legal system reforms for the decline. The sharpest reductions the […]
Root Cuts Florida Auto Insurance Base Rates 15% for 52,000 Policyholders
Root Inc. (NASDAQ: ROOT) has cut base auto insurance rates in Florida by 15%, a reduction the Columbus, Ohio-based telematics insurer said Aug. 27 will lower premiums for nearly all of the more than 52,000 policyholders it covers in the state. Eligible customers will save about $400 a year on average, or roughly $21 million […]
Farmers Links Safety Technology to Costlier Repairs and Premiums in Consumer Guide
The guide names diagnostic scans, calibration and specialized labor as repair cost drivers and tells policyholders those costs flow into rates. Farmers Insurance published a consumer guide Aug. 31 detailing for policyholders how the cameras, sensors and radar behind advanced driver assistance systems (ADAS) are making collision repairs more complex and expensive, and that repair […]
Most Profitable States for Auto Insurers in 2024
Auto physical damage insurers posted their best year in a decade after three straight years of losses, with only one state in the red. Private passenger auto physical damage insurance returned to profitability in every state but one in 2024, according to the latest data from the National Association of Insurance Commissioners (NAIC), capping a […]
J.D. Power Finds Nearly One-Third of Insurance Customers Use AI to Research, Shop and Service Policies
Just 13% of customers say they have used AI to process a claim, even as 29% use it to research coverage and shop for policies. Nearly one-third of auto and home insurance customers, 29%, have used artificial intelligence tools to research products and coverage, service their accounts, understand what their policy covers before submitting a […]
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