The third quarter reading of Applied Systems’ Applied Rating Index shows that all lines of commercial business saw softer rate increases when compared to the same quarter last year, while personal auto rates increased across the country and personal property rates increased in every province except Ontario.
“Year-over-year and quarter-over-quarter, renewal rates decreased across the most commonly placed commercial lines of business,” they write, saying overall rate increases were 2.9 per cent in the third quarter of 2025, down from 5.52 per cent in the third quarter of 2024.
In personal auto lines, meanwhile, quarter-over-quarter premiums increased in all provinces. In all provinces except Ontario, personal property rates were also higher when compared to the third quarter in 2024. (Quarter-over-quarter Ontario rates decreased 0.2 per cent. All other provinces recorded increases.)
Overall, personal auto premiums increased 15.5 per cent in the third quarter when compared to the same period in 2024 and increased 5.2 per cent, quarter-over-quarter. Personal property rates in the third quarter of 2025 increased 8.6 per cent when compared to the third quarter in 2024. Quarter-over-quarter personal property rates increased 1.2 per cent.
“For personal auto, all provinces experienced an increase year-over-year, with Ontario seeing the highest at 18.4 per cent and Alberta the lowest at 8.5 per cent. For personal property lines, all provinces experienced an increase in premium rate change year-over-year. Alberta saw the highest premium rate change at 13 per cent and British Columbia and Ontario experienced the lowest, at 4.6 per cent each,” they write.
