Renewal Rates Continue Upward YOY for Most Commercial Lines: Ivans Index

Premium renewal rates increased year-over-year for all major commercial lines, except workers’ compensation, according to first quarter 2025 results of the Ivans Index.

Compared to fourth quarter 2024, all lines experienced a decrease in average premium renewal rates except umbrella.

Premium renewal rate change by line of business for April 2025 highlights include:

• Commercial Auto: 8.4%, down from 8.8% last month.
• BOP: 8%, down from 8.2% at the end of March.
• General Liability: 4.3%, up from March, which was 3.7%.
• Commercial Property: 7.7%, up slightly from 7.6% in March.
• Umbrella: 9.4%, up from 9.3% in March 2025.
• Workers’ Compensation: -1.8%, down from -1.5% last month.

Released monthly, Ivans Index is a data-driven report of current conditions and trends for premium rate renewal change of the most placed commercial lines of business in the insurance industry. Analyzing more than 120 million data transactions, the Ivans Index premium renewal rate change measures the premium difference year over year for a single consistent policy. Inclusive of more than 38,000 agencies and 700 carriers and MGAs, the Ivans Index is reflective of the premium rate change trends being experienced by all agencies and insurers across the U.S. insurance market.

Source: Ivans Index