In a sign that the auto insurance market might be improving, Louisiana Insurance Commissioner Tim Temple says auto insurers have filed over 20 rate decreases since the start of the year. Temple says 14 of those decreases were for more than 1%.
“And what I wanted to point out is one, we are experiencing decreases as a result of what the industry is highlighting as a reduction in accident frequency,” Temple said.
In this year’s legislative session, state lawmakers approved several legal reform measures that are designed to reduce excessive lawsuits and inflated bodily injury claims. Temple says it will take time for this year’s legal reforms to take effect and make a difference, but it’s a positive sign that insurers are lowering rates because there have been fewer accidents since 2024.
“They have to justify why they either need to take more rate or give us a rate decrease. And the information they’re providing is, primarily, the cause of reduction in accident frequency,” Temple explained.
Allstate, Geico, State Farm, Go Auto, Liberty Mutual, and Progressive Security are among the auto insurers who have reduced rates this year on many of their policyholders. Temple says in 2022 and 2023, drivers were seeing double-digit auto insurance rate increases, but through July 2025, the average market impact is a rate decrease of 2%.
“Some areas of the state may be experiencing more claims, more accidents, but for the state as a whole that’s what we’re seeing,” Temple noted.
