Six insurers finalize filings through April. Louisiana Insurance Commissioner Tim Temple has finalized six private passenger auto insurance rate filings through the end of April, led by a 10.6% decrease from Southern Farm Bureau Casualty Insurance Company that will save 39,332 policyholders approximately $16 million in premiums. The Southern Farm Bureau cut, applied to the […]
Allstate Auto Insurance Underwriting Income More Than Doubles to $1.7 Billion in First Quarter
Market share increased in the quarter year-over-year. The Allstate Corp.’s auto insurance business posted underwriting income of $1.73 billion in the first quarter of 2026, up from $816 million in the prior year quarter, as the recorded combined ratio improved 9.4 points to 81.9 and policies in force grew 2.6%. Premiums written were essentially flat […]
State Farm Cuts Texas Auto Rates 4.1%, Adds $105 Per-Vehicle Dividend
State Farm will reduce auto insurance rates for Texas drivers by an average of 4.1 percent and pay qualifying Texas customers an average dividend of $105 per vehicle, the company announced. New-business policies reflect the lower rates beginning April 15, and renewal policies follow June 4. The reduction represents more than $250 million in lower […]
Allstate Subsidiaries Cut Louisiana Auto Rates Again as Commissioner Temple Finalizes New Filings
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 […]
California Approves State Farm’s 6.2% Auto Rate Reduction
The California Department of Insurance has approved State Farm Mutual Automobile Insurance Company’s request to reduce personal auto insurance rates by 6.2%, the company announced March 4. The rate cut takes effect May 8 for new business and renewals. Individual policyholder changes will vary depending on their specific policy. The approval follows a filing State […]
New Hampshire Drivers See Auto Insurance Rate Cuts From Major Carriers
Several major auto insurers have reduced personal auto insurance rates in New Hampshire, with approved decreases ranging from 3% to 11%, the New Hampshire Insurance Department announced March 5. The rate reductions are part of a broader national trend of declining personal auto premiums as claims severity and collision claims ease after years of sharp […]
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 […]
Georgia Insurance Commissioner Announces Auto Insurance Rate Reductions Totaling $25 Million in Savings
Georgia Insurance and Safety Fire Commissioner John F. King announced auto insurance rate reductions from Allstate North American Insurance Company and three Country Mutual Insurance affiliates, with combined projected savings of approximately $25.2 million for Georgia policyholders. Commission King announced Feb. 9 that Allstate filed a 5% reduction in private passenger auto insurance rates, projected […]
Auto Insurance Rates Expected to Rise in 2026
After declining last year, U.S. auto insurance rates are projected to rise slightly overall. While most states saw decreases, rates in most expensive states continued to increase. The average annual cost of full-coverage car insurance will increase to $2,158 by the end of 2026, a 1% rise following a 6% decline in 2025, according to […]
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