MONROE, La. (KNOE) - Insurance commissioner Tim Temple approved State Farm’s request for a 5.9% average rate decrease for more than 1,066,000 personal auto insurance policy holders. Additionally State Farm was approved for a 9.7% average increase on more than 300,000 of its homeowners’ insurance policy holders. The changes will take place January 1, 2026.

State Farm is the largest personal auto insurance in Louisiana and writes approximately 30% of the market, according to the Louisiana Office of Insurance. State Farm indicated its decrease was primarily driven by a reduction in frequency of physical damage claims.

According to data from the State Insurance Office, State Farm is the largest homeowner’s insurer in Louisiana and writes approximately 20% of the market. This change is now ef

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