Personal auto rates are moderating, according to consumer price index data released in October.
Brian Meredith, a Bank of America property-casualty insurance analyst, said in a note to investors that "as expected, and consistent with the general downward trends since rates peaked in 2002, personal auto insurance pricing is moderating."
October CPI data showed auto inflation rising at a 0.7 percent rate year over year, compared with a 1.3 percent rate the previous month and 2 percent in August.
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