Composite Rates over the Last Eight Years for Auto Body Repair

Rising rates are driven by the increased cost of claims

This chart illustrates the rate increase in the auto body repair industry (Risk Classification 3412) over the last eight years:

• $.6070 in 1999.
• $.6447 in 2000.
• $.6356 in 2001.
• $.6633 in 2002.
• $.8939 in 2003.
• $1.0014 in 2004.
• $1.0216 in 2005.
• $1.1063 in 2006.

The average rate increase since 1999 is:

• 45.9 percent for all industries.
• 82.3 percent for the auto body repair industry.