U.S. Commercial Insurance Rates Ease to 3.8% Growth in Q3 2025

U.S. commercial insurance rates increased by 3.8% in the third quarter of 2025, continuing a downward trend from earlier in the year. This follows rate hikes of 3.8% in Q2 and 5.3% in Q1, with an overall decrease from 6.1% a year earlier in Q3 2024. The survey by WTW compares premiums year-over-year to provide insight into pricing shifts across commercial insurance lines. Price moderation was observed across most commercial lines including workers compensation, directors' and officers' liability, cyber, and commercial property insurance, which saw decreases in pricing. Excess/umbrella liability still had the highest rate of increase, though at a slower pace, while commercial auto insurance sustained double-digit growth. Smaller and mid-market accounts experienced modest price increases, whereas large accounts saw slower rate growth, indicating a stabilization in the market. WTW notes the steady but easing rate environment in commercial insurance pricing, highlighting a period of more measured and moderated pricing across sectors. The CLIPS survey helps track historical pricing and claims inflation trends, supporting industry stakeholders with data-driven analysis and forward-looking insights found in WTW’s Insurance Marketplace Realities series.