The composite rate for U.S. personal lines was up 3% for October, according to the MarketScout insurance exchange.

Homeowners insurance in the U.S. increased an aggregate of 3% in October 2014, regardless of home value, MarketScout found. Automobile rates were the same as September, at plus 2%, and personal article rates matched the plus 1% from September.

“Personal lines insurers are going to have a good 2014, despite a large number of micro storms, which resulted in notable claims activities,” said Richard Kerr, MarketScout CEO, in a statement announcing the findings. “Rates should remain stable and actually adjust downward a bit more by year end.”

Here are the Personal Lines numbers from MarketScout:

Homeowners under $1 million value

Up 4%

 

Homeowners over $1 million value

Up 3%

 

Automobile

Up 2%

 

Personal Articles

Up 1%

 

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