Commercial Insurance Renewal Rates Mostly Decline in May

Commercial insurance premium renewal rates declined month over month across most major lines of business in May 2026, with commercial property and workers compensation the only segments to post increases, according to the latest Ivans Index.

The May 2026 data showed that year over year, average premium renewal rates increased for commercial auto, businessowners policies (BOP), general liability, commercial property, and umbrella coverage. Workers compensation continued to post lower renewal rates compared with the same period a year earlier.

Month-over-month results were mixed, with most lines recording lower renewal rate changes than in April. Commercial property and workers compensation were the exceptions, both experiencing modest increases.

Renewal rate changes in May included the following.

• Commercial auto:4.96 percent, down from 5.24 percent in April
• BOP: 6.07 percent, down from 6.43 percent
• General liability: 5.28 percent, down from 5.70 percent
• Commercial property: 6.71 percent, up from 6.24 percent
• Umbrella: 8.01 percent, down from 8.27 percent
• Workers compensation: –1.31 percent, up slightly from –1.35 percent

The Ivans Index is released monthly and tracks premium renewal rate changes across the most commonly placed commercial insurance lines. The index analyzes more than 120 million data transactions annually and measures year-over-year premium differences for a consistent sample of policies.

Drawing from data across more than 38,000 agencies and 700 insurers and managing general agencies, the index is designed to reflect premium renewal rate trends across the US commercial insurance market. The report is available through Ivans Market Insights.