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Applied Rating Index Q3 2022 Released

November 17, 2022

National Personal Auto and Personal Property premium rates decreased in all provinces year over year

MISSISSAUGA, ON – November 17, 2022 – Applied Systems® today announced the third quarter of 2022 results of the Applied Rating Index™, the Canadian insurance industry’s premium rate index. In Q3 2022, quoted premiums for both Personal Auto lines and Personal Property lines decreased year over year. Quarter over quarter, premium rate change increased for Personal Auto and decreased for Personal Property compared to Q2 2022.

Additional key findings for Q3 2022 include:

  • Personal Auto: In Q3 2022, Personal Auto quoted premium rate change decreased 4.1% versus 9.4% Q3 2021. Personal Auto quoted premium rate change increased 4.1% versus 0.9% in Q2 2022.
  • Personal Property: In Q3 2022, Personal Property quoted premium rate change decreased 5.1% versus 4.9% in Q3 2021. Personal Property decreased 0.1% versus 1.8% in Q3 2022.
  • Provinces: Across Personal Auto, all provinces except Alberta experienced a decreased rate change year over year with Ontario, Quebec and the Atlantic Provinces seeing changes of 1.3%, 9.1% and 7.8% respectively; Alberta experienced an increased rate change year over year of 6.4%. Across Personal Property, British Columbia, Ontario, and Quebec all experienced decreased rate change year over year to 7.0%, 4.6%, and -5.0% respectively; Alberta, the Atlantic Provinces, Saskatchewan and Manitoba all experienced increased rate change year over year to 11.7%, 7.4%, and 6.9% respectively.

“While we have seen rate reductions in the Personal Auto market in the last quarter, personal property rates have increased both quarter-over-quarter and year-over-year,” said Steve Whitelaw, senior vice president and general manager, Applied Systems. “We will continue to follow rate trends to provide brokers with the information needed to educate their customers in their purchasing decisions.”


The Applied Rating Index is a data-driven report of current conditions and trends for Personal Auto and Personal Property (Homeowners) insurance premium rates. Analyzing quotes completed, the Applied Rating Index measures the increase or decrease in quoted average premium rate trends across Canada. The Applied Rating Index is the most complete depiction of the premium rate trends being experienced by consumers, brokerages, and their insurers across the Canadian market.

Access the complete quarterly report.

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Applied Rating Index is a trademark of Applied Systems, Inc. All data is fully anonymized when aggregating and analyzing the Applied Rating Index.

About Applied Systems
Applied Systems is the leading global provider of cloud-based software that powers the business of insurance. Recognized as a pioneer in insurance automation and the innovation leader, Applied is the world’s largest provider of agency and brokerage management systems, serving customers throughout the United States, Canada, the Republic of Ireland, and the United Kingdom. By automating the insurance lifecycle, Applied’s people and products enable millions of people around the world to safeguard and protect what matters most.

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