Auto Body Labor Rate Survey Reports - 2014 Prevailing Labor Rates

Page 1 of 2 Department of Business Regulation 1511 Pontiac Avenue, Bldg. 69-2 Cranston, RI 02920 Insurance Bulletin Number 2014-6 Auto Body Labor Rate Survey Reports 2014 Prevailing Labor Rates In accordance with Insurance Bulletin 2014-4, insurers and insurance groups that were determined to meet the criteria established in 230-RICR-20-05-10 (formerly Insurance Regulation 108), i.e., greater than 1% market share, have submitted the 2014 Auto Body Labor Rate Survey Reports to this Department. The 2014 prevailing labor rates as established by these insurers follow: Progressive Group 17.19% (Group Market Share) Prevailing Sheet Metal/Refinish Rate $45.00 Prevailing Frame Rate $45.00 Prevailing Mechanical Rate $60.00 Allstate Insurance Group 11.48% (Group Market Share) Prevailing Sheet Metal/Refinish Rate $46.00 Prevailing Frame Rate $49.00 Prevailing Mechanical Rate $59.00 Amica Mutual Group 10.13% (Co Market Share) Prevailing Labor Rate $45.00 Berkshire Hathaway Insurance Group 10.04% (Group Market Share) GEICO (also noted gives adjusters discretion to make reasonable adjustments) Prevailing Body/Paint Rate $45.00 Prevailing Mechanical Rate $50.00 National Indemnity: Prevailing Labor Rate $45.00 Liberty Mutual Group 7.59% (Group Market Share) Prevailing Labor Rate $45.00 Metropolitan Group 6.98% (Group Market Share) Prevailing Sheet Metal Rate $47.00 Prevailing Frame/Mechanical Rate $52.00 Nationwide Corporation Group 7.12% (Group Market Share) Prevailing Paint/Body Labor Rate $45.00 Prevailing Frame Rate $47.00 Prevailing Mechanical Rate $45.00 Page 2 of 2 Travelers Group 4.20% (Group Market Share) Prevailing Labor Rate $49.00 Providence County $50.00 Kent and Washington Counties $47.00 Bristol and Newport Counties United Services Automobile Assn. Group 3.73% (Group Market Share) Prevailing Labor Rate –Does not exceed $48.00 Mapfre Insurance Group 3.29% (Group Market Share) Prevailing Labor Rate $45.00 Main Street America Group 1.92% (Group Market Share) Prevailing Labor Rate $46.00 Selective Insurance Group 1.81% (Group Market Share) Prevailing Labor Rate Negotiated AmTrust GMACI Maiden Group 1.53% (Group Market Share) Prevailing Labor Rate $48.00 EMC Insurance Group 1.14% (Group Market Share) Prevailing Labor Rate $45.00 Providence Mutual Fire Ins Co 1.17% (Co Market Share) Prevailing Labor Rate $45.00 Ohio Mutual Group 1.06% (Group Market Share) Prevailing Paint/Body Labor Rate $45.00 Prevailing Frame Rate $47.00 Prevailing Mechanical Rate $73.00 Hartford Fire & Cas Group 1.05% (Group Market Share) Prevailing Labor Rate Negotiated In accordance with Insurance Bulletin 2014-4, insurers and insurance groups writing motor vehicle liability insurance that are not listed above (determined by the Department to have less than 1% market share) must either voluntarily conduct the survey and file a report with the Department by October 1, 2014 or may adopt the prevailing labor rate(s) from an insurer or insurance group listed above, and must file its adopted rate(s) with the Department via email to DBR.specialreports@dbr.ri.gov not later than October 1, 2014. Questions regarding this Bulletin may be directed to DBR.specialreports@dbr.ri.gov. Joseph Torti III Superintendent of Insurance September 19, 2014