The Insurance Information Institute (Triple-I) expects the pace of increase in average property/casualty insurance replacement costs to exceed increases in the consumer price index in 2025 and beyond as auto replacement costs rise for the first time since 2022 as CPI continues to decline. Triple-I’s replacement cost index for personal and commercial auto tracks changes […]
U.S. Auto Body Repair Prices Up Under 2% in April Compared to Last Year
The rate of increase was below the increase in the national consumer price index. The most recent government figures on inflation through April show the rate of growth of auto body repair prices is now below the rate of general inflation after more than 30 months in a row of higher increases. The year-over-year (YoY) […]
U.S. Auto Body Repair Prices Up Over 4% in December Compared to Last Year
Prices were up both year-over-year and on a month-over-month basis. The most recent government figures on inflation through December show the rate of growth of auto body repair prices continues to be above the rate of general inflation for the 30th month in a row. The year-over-year (YoY) increase of over 4% in December was […]
U.S. Auto Body Repair Prices Up Over 3% in October Compared to Last Year
Prices were up year-over-year, but declined on a month-over-month basis. The most recent government figures on inflation through October show the rate of growth of auto body repair prices continues to be above the rate of general inflation for the 28th month in a row, but the year-over-year (YoY) rate of increase continues to decline […]
U.S. Auto Body Repair Prices Up Nearly 6% in September Compared to Last Year
Prices were both on a year-over-year and month-over-month basis. The most recent government figures on inflation through September show the rate of growth of auto body repair prices continues to be above the rate of general inflation for the 27th month in a row, but the year-over-year (YoY) rate of increase continues to decline compared […]
U.S. Auto Body Repair Prices Up Over 5% in July Compared to Last Year
Prices were also up on a month-over-month basis. The most recent government figures on inflation through July show the rate of growth of auto body repair prices continues to be above the rate of general inflation for the 25th month in a row, but the year-over-year (YoY) rate of increase continues to decline compared to […]
U.S. Auto Body Repair Prices Up in June Compared to May
Prices were also up over 5% on a year-over-year basis. The most recent government figures on inflation through June show the rate of growth of auto body repair prices continues to be above the rate of general inflation for the 24th month in a row, but the rate of increase is less than half the […]
Auto Insurance Study Says Underwriting Losses Doubled Last Year
Insurance association says increased auto insurance claim costs will stretch into 2023 and beyond. A new study Auto Insurance: The Uncertain Road Ahead released by the American Property Casualty Insurance Association (APCIA), examines how insurance claims inflation has continued to rise faster than the underlying consumer price index (CPI), far outpacing increases in auto insurance […]
U.S. Auto Body Repair Prices Down in May Compared to April
Prices up over 7% on a year-over-year basis. The most recent government figures on inflation through May show the rate of growth of auto body repair prices continues to be above the rate of general inflation for the 23rd month in a row, but the rate of increase is half the rate compared to the […]
U.S. Auto Body Repair Prices Up Over 8% in April Compared to Last Year
On a year-over-year basis, the rate of increase in auto body repair prices is down from recent months and the all-time high in July but continues above the rate of inflation. The most recent government figures on inflation through April, released May 10, show the rate of growth of auto body repair prices continues to […]
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