Louisiana Insurance Commissioner Tim Temple has finalized rate decreases from two Allstate group companies on their private passenger auto insurance programs, extending a string of reductions from the insurer that now total double digit percentages over the past six months. The latest round of rate cuts from the Allstate subsidiaries adds to a broader pattern […]
Alabama, Louisiana Insurance Commissioners Welcome State Farm’s $5 Billion Policyholder Dividend
Insurance regulators in Alabama and Louisiana are praising State Farm’s decision to return money to auto policyholders after the nation’s largest auto insurer declared its biggest customer dividend in company history. The dividend announcements follow State Farm’s Feb. 26 disclosure that its auto business swung to a $4.6 billion underwriting gain in 2025 — its […]
Louisiana Auto Insurance Rates Fell 5.8% in 2025 as Accident Frequency Declined
Private passenger auto insurance premiums in Louisiana dropped by an average of 5.8% in 2025, reversing several years of consecutive rate increases, according to new market impact data from the Louisiana Department of Insurance (LDI). The decline represents a statewide premium reduction of more than $344 million compared to the prior year. The LDI attributed […]
State Farm and Progressive Reduce Auto Insurance Rates Auto Rate Decreases in Tennessee, Louisiana
State Farm announced personal auto insurance rate decreases in Tennessee and Progressive will is lowering rates in Louisiana, continuing a trend of declining rates driven by reduced claims frequency. State Farm reduced auto rates by more than 10% on average in Tennessee, that took effect Dec. 15 for new business and will take effect mid-January […]
State Farm Approved for 5.9% Auto Insurance Rate Decrease in Louisiana
State Farm has received approval from Louisiana Insurance Commissioner Tim Temple for a 5.9% average rate decrease on personal auto insurance, the Louisiana Department of Insurance announced Dec. 11. The change affects more than 1,066,000 policyholders and takes effect Jan. 1, 2026. State Farm is the largest personal auto insurer in Louisiana with approximately 30% […]
Allstate Companies to Lower Louisiana Auto Insurance Rates in December, January
Two Allstate insurance companies will decrease personal auto insurance rates in Louisiana following approvals from the state insurance department. Insurance Commissioner Tim Temple approved a 7.6% rate decrease for Allstate North American Insurance Company affecting 10,746 personal auto policyholders statewide. The change takes effect Jan. 8, 2026. Temple also approved a 15% decrease for Encompass […]
Hyundai Motor Group Boosts U.S. Investment to $26 Billion
Vehicle manufacturer plans steel mill, expanded production capacity and robotics facility through 2028. Hyundai Motor Group will invest $26 billion in the United States from 2025 to 2028, the South Korean vehicle manufacturer announced Monday, marking a $5 billion increase from its previous commitment. The investment will fund a new steel mill in Louisiana, expanded […]
Louisiana Auto Insurers File Rate Reductions as Accident Frequency Drops
Louisiana auto insurance companies have filed more than 20 rate reductions since January, with 14 cuts exceeding 1%, as reduced accident frequency drives down claims costs, state Insurance Commissioner Tim Temple announced August 14. “As cost drivers in the market go down, losses go down with them, and businesses are incentivized to compete for customers […]
Classic Collision Acquires Louisiana Repair Facility
Classic Collision LLC acquired Auto Craft Inc., a collision repair shop in Gretna, La., the Atlanta-based company announced Friday. Auto Craft has operated in Gretna for 49 years as a family-owned business. Classic Collision, founded in 1983, operates 341 collision repair facilities nationwide and ranks among the largest privately held auto body repair providers in […]
General Motors Insurance Available in Three New States
General Motors Insurance announced it has expanded to three new states including Arkansas, Colorado and Louisiana. The expansion brings the total number of states where its auto insurance is available to 17. General Motors Insurance is currently available in Alabama, Arizona, Arkansas, Colorado, Georgia, Illinois, Indiana, Iowa, Louisiana, Minnesota, Missouri, Ohio, Oklahoma, Pennsylvania, Tennessee, Texas, […]
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