According to WTW, an advisory, broking, and solutions company, US commercial insurance rates increased by 3.8% in the second quarter of 2025, continuing a downward trend from the previous quarters (5.3% in Q1 2025 and 5.6% in Q4 2024).
Price growth slowed across most lines. Workers’ compensation, directors’ and officers’ liability, and cyber insurance continued to experience rate declines, while commercial property recorded its first drop after several quarters of slower growth.
Excess and umbrella liability posted the largest increases, and commercial auto continued to see double-digit growth. Smaller and mid-sized accounts saw modest rate increases, whereas larger accounts continued to rise, though at a more noticeable slowdown.
“Amidst the ongoing general upward trend, our latest data from the second quarter of 2025 shows a moderation in commercial insurance pricing,” added Yi Jing, Senior Director, Insurance Consulting and Technology (ICT), WTW.
“While some lines continued to see increases, others remained stable or slightly declined, reflecting a period of more measured rate growth across the market.”
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