Auto Insurance

Defaqto data show competitive UK motor premiums 2.7% higher in September than a year earlier, the first annual rise since 2023, while the ABI reports record quarterly claims payouts of £3.2 billion and an average premium of £566 in Q2 2026.

Since July 1, several accident benefits are optional in Ontario, and estimates put the saving from declining them all at roughly 5% of an average premium, while victims' advocates say the choice mainly helps insurers.

New York's budget, approved in late May 2026, clarifies the serious-injury threshold, caps non-economic damages for drivers engaged in criminal conduct, changes comparative negligence and targets staged accidents; State Farm's CEO wants proof before acting.

Admiral Group completed its acquisition of digital fleet insurer Flock, valuing its equity at £80 million; Flock becomes Admiral's telematics fleet offering under Admiral Pioneer, and a haulage fleet product has launched.

Two forecasts for 2026 differ in level but agree prices are flattening after the post-pandemic spike: The Zebra projects an average $2,256 with increases in 19 states, and Insurify forecasts a 1% rise to $2,158 with tariffs and repair costs as wildcards.

On April 20, 2026 the Michigan Supreme Court unanimously held that a trial court abused its discretion by reforming rather than rescinding a Progressive no-fault policy where the insured misstated where her cars were garaged.

Insurance Business (June 9, 2026) reports Oxbow Partners forecasting UK motor profit falling to £1.3 billion in 2026 and a combined ratio of 95%, while EY projects 111%, as premiums fell in 2025 and repair costs rise.

From July 1, 2026, most Ontario accident benefits become optional for all customers; FSRA's guidance says medical, rehabilitation and attendant care stay mandatory, existing policies renew unchanged until customers agree in writing.

USAA says it is paying a $500 million dividend to about 830,000 Florida auto members from June 15, 2026, with rate cuts averaging 14% and an earlier $160 million dividend, crediting Florida's tort reforms, in a broader effort that includes lower rates nationally.

S&P Global estimates Progressive passed State Farm as the largest US private auto insurer in the 12 months to March 2026 by more than $1.57 billion, but AM Best's 2025 ranking of all property and casualty lines still has State Farm first at $113.8 billion.

Insurify puts the average full-coverage premium at $2,237 a year at mid-2026, up 1% since the end of 2025, with Connecticut up 10% and 32 states expected to see year-over-year increases by December.