BATON ROUGE, La. – Louisiana Insurance Commissioner Tim Temple has approved Louisiana Farm Bureau Casualty Insurance Co.’s request for an 11.8 percent statewide average rate decrease on auto policies, impacting more than 80,000 vehicles. The change will take effect Jan. 1, 2026, with individual policyholder rates varying by risk.
Temple said Farm Bureau cited reduced accident frequency and severity as well as confidence in the state’s recent legal reforms as reasons for the decrease.
“While Louisiana’s recent legal reforms have not yet taken full effect, Farm Bureau said our efforts gave them confidence that Louisiana is committed to improving the market for insurers and consumers,” Temple said.
In a related development, Louisiana Farm Bureau Mutual Insurance Co. notified the Department of Insurance that it has begun expanding wind and hail coverage for homeowners across the state. The company pointed to changes in the state’s three-year rule as a factor in its decision to increase its homeowners business.
Temple said insurers remain cautious but signaled optimism. “While it’s too early to see how this year’s legal reform will affect auto insurance prices, we do know that reform works,” he said. “I’m glad to see Louisiana Farm Bureau lean into our reform efforts, and I look forward to working with other companies to make sure they understand the extent of what we’ve done in Louisiana.”