State Farm Mutual Automobile Insurance, which covers about one in every three cars in Louisiana, is raising insurance rates for drivers.
The company announced that the increases will average 3.4 percent, starting Feb. 17. Going up will be premiums for liability, collision and comprehensive coverage.
State Farm spokesman Gary Stephenson says the average increase per insurance policy will be about $35 per year.
He says premium changes will depend on the type of coverage, individual discounts, the kind of vehicle insured, the hometown of the driver and other factors.
Commissioner of Insurance Jim Donelon agreed to the rate increase, according to his spokeswoman.
Copyright 2026 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Was this article valuable?
Here are more articles you may enjoy.
PE-Backed Insurance Broker Hub International Files Confidentially for US IPO 
Camp Mystic Seeks Bankruptcy to Settle Texas Flood Wrongful Death Claims 
NAIC Says Data Taken in Hack Has Been Published Online 
US Cyber Insurance Market Sees Flat Premium, More Third-Party Claims Hit Loss Ratio From This Issue
