CollisionWeek

Your source for the latest collision repair industry news, statistics and trend analysis.

  • News
  • Research
  • Feature
  • Subscribe
You are here: Home / Archives for Premiums

Auto Insurance Premiums Projected to Rise 4% or More by the End of 2025

August 20, 2025 By CollisionWeek Editor Leave a Comment

Insurify projects prolonged tariffs could increase premiums as much as 7% nationally by the end of the year, up from 4% without tariffs. According to a report by Insurify, auto insurance companies looked at 2025 as a year to keep insurance rates stable, or even cut them, after years of premium increases. In the first […]

Filed Under: News Tagged With: Insurify, Premiums, Tariffs

Louisiana Auto Insurers File Rate Reductions as Accident Frequency Drops

August 18, 2025 By CollisionWeek Editor Leave a Comment

Louisiana auto insurance companies have filed more than 20 rate reductions since January, with 14 cuts exceeding 1%, as reduced accident frequency drives down claims costs, state Insurance Commissioner Tim Temple announced August 14. “As cost drivers in the market go down, losses go down with them, and businesses are incentivized to compete for customers […]

Filed Under: News Tagged With: Insurance Department, Louisiana, Premiums

Illinois Secretary of State Launches Auto Insurance Rate Reform Campaign

August 1, 2025 By CollisionWeek Editor Leave a Comment

Illinois Secretary of State Alexi Giannoulias launched a statewide campaign July 29 aimed at restricting insurance companies from using socioeconomic factors in auto insurance pricing, drawing immediate opposition from industry groups. The “Driving Change” campaign targets the use of credit scores, ZIP codes and age in rate-setting, with Giannoulias arguing that driving records should be […]

Filed Under: News Tagged With: American Property Casualty Insurance Association, Illinois, Illinois Insurance Association, National Association of Mutual Insurance Companies, Premiums, Regulations

NC Insurance Commissioner Settles Auto Insurance Rate Case at 5% Increase

June 10, 2025 By CollisionWeek Editor

North Carolina Insurance Commissioner Mike Causey announced a settlement with the N.C. Rate Bureau that will increase automobile insurance rates by an average of 5% statewide, avoiding a scheduled hearing on the matter. The settlement represents a significant reduction from the Rate Bureau’s original request filed in February for a 22.6% average increase, as reported […]

Filed Under: News Tagged With: Insurance Commissioner, North Carolina, Premiums

North Carolina Automobile Insurers Request 22.6% Rate Increase

February 5, 2025 By CollisionWeek Editor

In 2023, insurers requested over 28% increase but settled with insurance department for 4.5% annually for two years. The North Carolina Department of Insurance (NCDOI) announced that insurance companies have requested a statewide average 22.6% increase in automobile insurance rates. The North Carolina Rate Bureau, which represents the automobile insurance companies in the state and […]

Filed Under: News Tagged With: Insurance Department, North Carolina, Premiums

New Washington State Insurance Commissioner Discusses Factors Increasing Auto Insurance Premiums, Cost of Repairs

January 16, 2025 By CollisionWeek Editor

Patty Kuderer was sworn in as Washington State’s ninth insurance commissioner by Washington Supreme Court Justice Steve Gonzalez. Kuderer, a former state Senator from Bellevue, was joined by her son, Michael, and family friend, Stephanie Weil. She is one of only 11 elected insurance commissioners in the country and Washington’s first new commissioner in 24 […]

Filed Under: News Tagged With: Insurance Commissioner, Premiums, Washington State

California Insurance Commissioner Lara Moves to Implement New Insurance Rate Review Process

August 12, 2024 By CollisionWeek Editor

Consumer group raises concern over new process. California Insurance Commissioner Lara on August 8 issued a Bulletin implementing rate review reforms aimed at stabilizing the state’s insurance marketplace. This accomplishes reforms that were included in budget trailer language that Governor Newsom introduced in May, and which were first proposed by Commissioner Lara last year as […]

Filed Under: News Tagged With: California, Consumer Watchdog, Governor, Insurance Bulletin, Insurance Commissioner, Premiums

Mercury Insurance Names the Most Affordable New EVs to Insure

August 6, 2024 By CollisionWeek Editor

Due to the growing demand for electric vehicles, particularly in California, Mercury Insurance (NYSE: MCY) has compiled a list of the most affordable new EVs to insure, which will arm consumers with valuable knowledge when they go to shop for an EV. Factors contributing to insurance costs include claims on similar vehicles, cost to repair […]

Filed Under: News Tagged With: Electric Vehicles, Mercury Insurance, Premiums

Five of the Top 10 U.S. Auto Insurers Grew Market Share in 2023

April 5, 2024 By CollisionWeek Editor

Auto insurance premiums earned up over 12% last year. Total direct premiums earned on private passenger auto insurance were $303.5 billion in the U.S. in 2023, up 12.3% from 270.3 billion in 2022 according to data released March 18 by the National Association of Insurance Commissioners (NAIC). In comparison, during 2022, earned premiums were up […]

Filed Under: Research Tagged With: Auto Insurance, National Association of Insurance Commissioners, Premiums

GEICO Offering Discount for New Personal Auto Policies

March 22, 2024 By CollisionWeek Editor

S&P Global Market Intelligence reported that GEICO has recently begun submitting personal auto rate filings in several states that offer a “Welcome Factor” discount to new customers. The plan offers a temporary discount that applies to new policyholders and would be phased out in each subsequent renewal period. The discount first appeared in its Virginia […]

Filed Under: News Tagged With: GEICO, Premiums, S&P Global Market Intelligence

  • 1
  • 2
  • 3
  • …
  • 5
  • Next Page »

Interview Sponsors

IBIS Publisher Partner

Login

Remember Me
Subscribe | Lost your Password?

Tags

AAA AASP/NJ Acquisitions Advanced Driver Assistance Systems Agreements Signed Annual Conference Auto Care Association Automotive Service Association Autonomous Vehicles Awards Axalta Coating Systems Board of Directors Boyd Group California Canada Career and Technical Education CARSTAR CCC Classic Collision Collision Industry Electronic Commerce Association Collision Repair Education Foundation Coronavirus Crash Champions Donations Earnings Electric Vehicles Florida I-CAR Lawsuits legislation LKQ Corporation National Auto Body Council Network Affiliations New Jersey New Vehicle Sales Non-OEM Parts Openings People PPG Industries Regulations Right to Repair Scholarships Texas United Kingdom Workforce Development

Recent Articles

  • Drivers Must Intervene with Traffic Assistance Systems Every 10 Minutes August 21, 2025
  • Collision Claims for Battery Electric Vehicles Decline for the First Time in the U.S. August 21, 2025
  • Hyman’s Specialty Paint Joins Refinish Distributors Alliance August 21, 2025
  • US-EU Reach Trade Framework Deal with Auto Tariff Cuts August 21, 2025
  • Auto Insurance Premiums Projected to Rise 4% or More by the End of 2025 August 20, 2025
  • Honda and Helm.ai Agree to Multi-Year ADAS Joint Development Agreement August 20, 2025
  • Art Fisher Memorial Scholarship Recipients Announced August 20, 2025

CollisionWeek Membership

  • Login
  • Lost Password
  • Membership Details
  • Register
  • Sponsors
  • Subscription Information
  • Terms of Use for CollisionWeek

More Information

About CollisionWeek
Contact Us
Privacy Policy
Event Calendar
Take the Collision Repair Business Conditions Survey

Copyright 1999-2025 - QuanDec Corporation - All Rights Reserved · Log in