April 30, 2026 - Louisiana Insurance Market Update Through April 2026

FOR IMMEDIATE RELEASE
April 30, 2026

Louisiana Insurance Market Update Through April 2026

Home and Auto Policyholders Should Shop Around to Take Advantage of Rate Reductions

From January 1 through the end of April 2026, three companies have been licensed to write homeowners insurance in Louisiana, and several homeowners and private passenger auto insurance companies finalized significant rate decreases with the Louisiana Department of Insurance (LDI). This release covers rate changes of at least plus or minus 2% that have a market impact of at least $500,000.

The three companies newly licensed to write homeowners insurance, Progressive Paloverde, Continental Indemnity Company and GuardianPointe Insurance Company, join 14 insurers that were licensed to write homeowners in Louisiana in 2024 and 2025. Four more companies are currently going through the application process.

"After several challenging years in Louisiana, we are starting to see opportunities for consumers to reduce the premiums we're paying in the homeowners and auto insurance markets," said Commissioner Tim Temple. "Policyholders should shop around by contacting multiple agents and insurance companies to take full advantage of these rate decreases."

Two homeowners insurers have finalized rate changes so far in 2026. With nine homeowners insurance decreases filed in 2025, insurers are filing significantly more rate decreases than they did between 2021 and 2024. However, market conditions are not improving for all carriers as some are still requiring rate increases.

Cajun Underwriters Reciprocal Exchange (CURE) finalized a 10% rate decrease driven in part by the company's favorable experience in recent years and lower reinsurance costs. The decrease affects 23,765 policyholders in CURE's Louisiana Advantage Homeowners Program. Those policyholders will pay approximately $8.6 million less in premiums as a result of the filing.

USAA finalized a 9.2% rate increase driven in part by poorer than expected loss experience and increased expected catastrophic loads such as severe convective and winter storms. The increase affects 76,209 policyholders, who will pay approximately $24.9 million more in premiums as a result of the filing.

Six private passenger auto insurers have finalized rate changes through the end of April. This follows a clear trend of decreases last year with private passenger insurers taking 36 rate decreases in 2025. Southern Farm Bureau Casualty Insurance Company's 10.6% rate decrease has the largest market impact of the private passenger auto filings finalized this year, affecting 39,332 policyholders in the company's Private Passenger Automobile Legacy Program. Those policyholders will pay approximately $16 million less as a result of the filing.

"We are making real progress on strengthening our state's homeowners and auto insurance markets," said Commissioner Temple. "We have much more work to do to increase competition in the market, reduce losses and help make sure Louisianans have access to affordable insurance."

Rate changes are statewide averages, so each policyholder's premium change will vary based on their individual risk. Changes are applicable upon renewal or issuance of a new policy following the filing's effective date. Consumers may review all property and auto rate filings online with the Louisiana Department of Insurance's new user-friendly rate filing search tool.

About the Louisiana Department of Insurance: The Louisiana Department of Insurance works to improve competition in the state's insurance market while assisting individuals and businesses with the information and resources they need to be informed consumers of insurance. As a regulator, the LDI enforces the laws that provide a fair and stable marketplace and makes certain that insurers comply with the laws in place to protect policyholders. You can contact the LDI by downloading our LDIConnect mobile app on the Apple App Store or Google Play Store, calling us at 800-259-5300 or visiting www.ldi.la.gov.