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April Rate Update / Inflation Overview


Please find a Texas market update and changes as estimated from filings and ITC:

 

Rate Changes in SERFF:

  • State Farm +3.9%

  • Farmers +5%

  • GEICO +3% (but also added a 5% “welcome discount” for NB terms)

  • Auto Club (AAA) +11.5%

  • Tesla +6.9%

  • Hidden amounts from SNAP

 

Rate Changes Imputed in ITC Data:

  • Aspen +15%

  • United +8%

  • Apollo +6.4%

  • Falcon +7.5%

  • AmWins Excel +4%


Inflation continues to climb in several segments led by auto insurance:




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