WTW, a global advisory, broking, and solutions company, reports that US commercial insurance rates rose by 3.8% in the third quarter of 2025, continuing the easing trend observed earlier in the year.
According to WTW’s CLIPS survey, which compares premiums for policies written in a given quarter with those from the same period the previous year, commercial insurance rates rose by 3.8% in Q3 2025. This is a decrease from the 6.1% increase recorded in Q3 2024.
Price growth slowed across most commercial lines during the quarter. Rates for workers compensation, directors’ and officers’ liability, cyber coverage, and commercial property all declined. Excess and umbrella liability continued to experience the largest increases, though the rate of growth has eased compared with earlier quarters.
Commercial auto insurance continued to see double-digit increases, remaining among the fastest-growing lines. In contrast, small and mid-market accounts experienced more moderate rate hikes, while large accounts still saw rising premiums but at a noticeably slower pace, indicating overall market stabilisation.
“US commercial insurance rates held steady in the third quarter of 2025, continuing the gradual easing we’ve seen over the past two quarters,” added Yi Jing, Senior Director, Insurance Consulting and Technology (ICT), WTW.
“While some coverage lines experienced modest increases, others remained flat, highlighting a period of more measured pricing across the market.”
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