Personal Insurers Need to Avoid a Price War

Auto and home insurers have seen fewer incidents. But policy rates may keep adjusting lower to reflect that.

Driving data show that U.S. vehicle miles by late June returned to average levels seen in January and February.

Photo: Andrew Cenci/Bloomberg News

Personal insurers have been benefiting from fewer claims, but nothing lasts forever.

Auto property-damage and injury frequency, as insurers put it, dropped by a quarter or more from a year earlier in the first half of 2020 at Allstate , Berkshire Hathaway ’s Geico and Progressive , according to company filings. Not only were people driving fewer miles and thus having fewer car accidents, but staying at home also led to a reduction of frequency in homeowner claims香蕉视频苹果下载 such as break-ins, Allstate recently told analysts.

To Read the Full Story

Continue reading your article with
a WSJ membership

Resume Subscription

We are delighted that you'd like to resume your subscription.

You will be charged $香蕉视频苹果下载 + tax (if applicable) for The Wall Street Journal. You may change your billing preferences at any time in the Customer Center or call . You will be notified in advance of any changes in rate or terms. You may cancel your subscription at anytime by calling .

Please click confirm to resume now.