10+ hour, 36+ min ago  (467+ words) The National Association of Insurance Commissioners (NAIC) has released its 2022/2023 Auto Insurance Database Report, providing data on U.S. auto insurance costs. NAIC found that the average incurred loss per collision claim increased 17.6% from $6,113 in 2021 to $7,191 in 2022. The report also contains a…...

19+ hour, 22+ min ago  (269+ words) A Washington State insurance commissioner-sponsored bill to combat insurance fraud, including for vehicle repairs or appraisals, passed the Senate Tuesday." SB 6031 expands insurance fraud to include medical, vehicle or property services not rendered or vehicle or property repairs not made…...

2+ week, 54+ min ago  (1723+ words) A panel discussed the drivers behind soaring auto insurance inflation including the rising complexity of repair, consumer pressures and changing insurance practices during the Automotive Insights Symposium held by the Federal Reserve Bank of Chicago Wednesday." A full recording of…...

2+ week, 10+ hour ago  (577+ words) While the average annual full-coverage auto insurance premium dropped 6% nationally in 2025, Insurify projects it will increase 1% in 2026." The decrease comes after the average cost of insurance rose 46% from 2022 to 2024, Insurify's newest report says." Thirty-nine states saw their prices fall, including…...

2+ week, 4+ day ago  (840+ words) Seven auto insurance companies received an A-minus or higher from collision repairers on how well their claims practices help promote quality repairs and customer service, according to CRASH Network's 2026 "Insurer Report Card." Thirty-five insurers received a B or higher to…...

4+ mon, 3+ week ago  (285+ words) The Washington Office of the Insurance Commissioner (OIC) recently released a pre-publication draft of its requirements for appraisal umpires to register on its site." Earlier this year, the legislature passed SB 5721, a bill that created a standard automobile insurance appraisal…...

5+ mon, 2+ day ago  (460+ words) Progressive may have to refund Florida auto policyholders because it has made more profit in the past three years than state law allows, according to a recent Progressive SEC filing." The filing claims that since Florida's insurance reform was enacted…...

5+ mon, 3+ day ago  (569+ words) AM Best says U.S. personal auto insurers saw the segment's first-half 2025 direct loss ratio fall again from the same two previous six-month periods, indicating that the significant rebound experienced in 2024 may carry over through 2025. The segment's net underwriting income of nearly…...

5+ mon, 4+ day ago  (538+ words) AAA's 2025 analysis shows the total cost of owning and operating a new vehicle has decreased to $11,577, or $964.78 per month. The total cost is down $719 compared to 2024.Factors contributing to the decline include depreciation, lower finance charges, reduced fuel prices, and…...

5+ mon, 1+ week ago  (325+ words) As insurance premiums rise and consumers switch auto insurers, most consumers are starting new policies with NJM, Acuity, and Erie, according to a Consumer Reports national survey." Of 40,000 policyholders surveyed, 30% have switched to a different car insurance company in the…...