J.P. Morgan P&C Insurance Personal Auto Price Tracker: July 2026

Research evidence excerpt

J.P. Morgan P&C Insurance Personal Auto Price Tracker: July 2026

J P M O R G A N North America Equity Research

14 July 2026

J.P. Morgan P&C Insurance

Personal Auto Price Tracker: July 2026

We are providing an update on pricing trends and companies’ relative competitive Insurance - Life & Nonlife

ACpositioning in the personal auto insurance market ahead of PGR’s June earnings Pablo S. Singzon

release on July 15 and ALL’s June catastrophe loss update on July 16. Overall, (1-212) 622-2295

pricing will likely remain competitive, which implies continued deceleration in pablo.s.singzon@jpmorgan.com

PGR’s PIF growth and headwinds to the improving PIF trajectory of ALL. On a Kevin Wijendra

year-to-date basis, industry pricing was down 1% but was in-line sequentially. (1-212) 622-7054

kevin.wijendra@jpmorgan.com

• Personal auto prices continue to decline. We have updated our rate change J.P. Morgan Securities LLC

filings data for the remainder of June and first two weeks of July for the industry

and the top 10 personal auto writers (ranked by 2025 net earned premiums).

The data is based on decision dates by insurance regulators, so there will be a ALL, ALL US

lag before these rate changes flow into premium numbers (updated pricing Overweight

goes into effect at new business and renewal effective dates after the Price (13 Jul 26): $256.45

disposition date, and then written premium takes 6 months to a year to earn

through). Additionally, these changes are based on blocks of business that are PGR, PGR US

re-priced – the impact on in-force premiums will be slightly smaller since not

Neutral all policies are re-priced. Turning to the data itself, personal auto pricing across

Price (13 Jul 26): $234.48

the industry (excluding Florida) is down 1% thus far in 2026, compared to