Personal lines insurance rates are slowly rising, but commercial lines remain flat, so the price of insurance for all businesses is unchanged year-over-year, according to research from insurance exchange Marketscout.

“The market continues to be trending downward over the last eight months, from October 2014 at plus-1.5 percent to April 2015 at a zero-percent increase,” said Richard Kerr, CEO of MarketScout. “It’s not dramatic but it is a trend. Coastal property may experience some slight rate increases since we are on the cusp of the wind season. Rates on all other exposures should continue to be quite competitive.”

By coverage classification, business owners policies (BOP), professional liability and D&O coverage  decreased by one percent as compared to March 2015; automobile insurance increased to plus-2 percent; rates for all other coverages remained the same.

By account size, rates were flat for all except accounts with more than $1,000,000 in premium; jumbo accounts declined 2 percent in April as compared with rates in March 2015, MarketScout said.

All industry classifications were unchanged in April with the exception of transportation, which held steady at a rate increase of plus-1 percent, and habitational, which increased from 0 percent in March 2015 to plus-1 percent in April 2015.

Rates Summary (by coverage, industry class and account size)

By Coverage Class

Commercial Property:    Up 1 percent

Business Interruption:   Up 0 percent

BOP:      Up 0 percent

Inland Marine:  Up 0 percent

General Liability:              Up 0 percent

Umbrella/Excess:             Up 0 percent

Commercial Auto:            Up 2 percent

Workers’ Compensation:             Up 0 percent

Professional Liability:      Up 0 percent

D&O Liability:     Up 0 percent

EPLI:      Up 1 percent

Fiduciary:             Up 0 percent

Crime:   Up 0 percent

Surety: Up 0 percent

By Account Size

Small Accounts (Up to $25,000):                Up 1 percent

Medium Accounts ($25,001 – $250,000):                Up 1 percent

Large Accounts ($250,001 – $1 million):  Up 0 percent

Jumbo Accounts (Over $1 million):           Down 2 percent

By Industry Class

Manufacturing: Up 0 percent

Contracting:       Up 0 percent

Service:                Up 0 percent

Habitational:      Up 1 percent

Public Entity:      Up 0 percent

Transportation: Up 1 percent

Energy: Up 0 percent

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