U.S. Insurance Rates Continue Upward Trend in Q2 2025

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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.

Table of Contents

A summary of the second quarter 2025 rates by coverage, cyber liability, industry class and account size are 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	Up 0%
Fiduciary	Up 1%
Crime	Up 1.3%
Surety	Up 1%

*Cyber Liability*
Cyber	Up 1%

*By Account Size*
Small Accounts		Up 3.7%
Up to $25,000

Medium Accounts		Up 3.3%
$25,001 – $250,000

Large Accounts		Up 3%
$250,001 – $1 million

Jumbo Accounts		Up 3%
Over $1 million

*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%

About MarketScout, a Division of Novatae Risk Group

Founded in 2000, MarketScout 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.