October 2, 2025 - Commissioner Tim Temple Announces Louisiana Farm Bureau Auto Rate Decrease, Growth of Homeowners Wind and Hail Program

FOR IMMEDIATE RELEASE
October 2, 2025

Commissioner Tim Temple Announces Louisiana Farm Bureau Auto Rate Decrease, Growth of Homeowners Wind and Hail Program

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."

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 https://www.ldi.la.gov.