Commercial Insurance Rates Plus 3% in Q1 2025
April 4, 2025
Personal Lines Rates Rise 4.6% in Q2 2025
July 10, 2025
U.S. Insurance Rates Continue Upward Trend in Q2 2025
Novatae Risk Group today reported that commercial lines insurance rates in the United States increased by 2.8% during the second quarter of 2025, a slight moderation from the 3% rate hike recorded in the first quarter.
“Automobile and umbrella insurance continue to experience moderate increases, but even these lines are down from the first quarter,” said Richard Kerr, CEO of Novatae Risk Group. “We are also seeing steady improvement in property insurance rates, which is encouraging for insurance buyers.”
This data is part of an ongoing analysis conducted by the Risk & Insurance Alliance, providing market intelligence and benchmarking for brokers, underwriters, and risk managers navigating a dynamic insurance landscape.
A summary of the second quarter 2025 rates by coverage, cyber liability, industry class and account size is set forth below.
| By Coverage Class | |
| Commercial Property | Up 3.6% |
| Business Interruption | Up 2.3% |
| BOP | Up 2.6% |
| Inland Marine | Up 1.3% |
| General Liability | Up 3.7% |
| Umbrella/Excess | Up 5% |
| Commercial Auto | Up 6.7% |
| Workers’ Compensation | Flat 0% |
| Professional Liability | Up 1% |
| D&O Liability | Up 1.3% |
| EPLI | Flat 0% |
| Fiduciary | Up 1% |
| Crime | Up 1.3% |
| Surety | Up 1% |
| Cyber Liability | |
| Cyber | Up 1% |
| By Account Size | |
| Small Accounts - Up to $25,000 | Up 3.7% |
| Medium Accounts - $25,001 – $250,000 | Up 3.3% |
| Large Accounts - $250,001 – $1 million | Up 3% |
| Jumbo Accounts - Over $1 million | Up 3% |
| By Industry Class | |
| Manufacturing | Up 2.7% |
| Contracting | Up 2% |
| Service | Up 2.3% |
| Habitational | Up 3% |
| Public Entity | Up 1.7% |
| Transportation | Up 6.3% |
| Energy | Up 3.3% |
For detailed rating analysis or market projections by industry class, coverage or account size, contact Vilma Scott at vilma.scott@novatae.com.
About MarketScout, a Division of Novatae Risk Group
Founded in 2000, MarketScout, a Division of Novatae Risk Group, is an insurance distribution and underwriting company headquartered in Dallas, Texas. The company is a Lloyd’s Coverholder and MGA for US insurers with specialty expertise in workers’ compensation, private client solutions, energy, healthcare, fine art, equine, jewelry, professional liability, and many specialty programs. MarketScout’s company culture and sense of community encourages growth, learning and collaboration. The company has been named as one of the Best Places to Work in Insurance by Business Insurance for ten consecutive years. In November 2022, MarketScout joined Novatae Risk Group and Richard Kerr was named the combined companies’ CEO. California license #0D60423.