Farm Bureau to cut auto rates in 2026

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.”