Insurance Commissioner Tim Temple has approved Louisiana Farm Bureau Casualty Insurance Company’s request for an 11.8% rate decrease affecting the policyholders of over 80,000 Louisiana vehicles. The change takes effect Jan. 1, 2026.
Rate changes are statewide averages, so each policyholder’s rate change will vary based on their individual risk.
“Louisiana Farm Bureau cited two reasons for this significant decrease,” said Commissioner Temple. “First, a decrease in accident frequency and severity. Second, 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.”
Additionally, Louisiana Farm Bureau Mutual Insurance Company notified the Louisiana Department of Insurance that it has begun writing more wind and hail coverage for homeowners across the state. Farm Bureau said recent changes to the 3-year rule gave them confidence that they could write more homeowners policies in Louisiana while maintaining the ability to effectively manage their book of business.
“While it’s too early to see how this year’s legal reform will affect auto insurance prices, we do know that reform works,” said Commissioner Temple. “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. Now is not the time to sit back and watch what happens next—we must be proactive about continually improving our regulatory and legal environment next session and in the years that follow.”
