Pennsylvania Regulator Has Nixed $200M in P/C Insurance Rate Hikes in First 6 Months

The Pennsylvania Insurance Department (PID) reported that its actuaries denied $210.1 million in requested property/casualty (P/C) insurance premium increases in the first six months of 2025, which is more than was saved in all of 2024.

Under the state’s regulatory process, PID’s staff actuaries review annual rates requested by insurance companies’ to ensure they are justified. These reviews cover rates for personal auto, homeowners, renters and flood insurance.

Six months into 2025, PID says its rate review process saved consumers:

• $103.6 million in title insurance premiums;
• $85.3 million in personal auto premiums;
• $13.7 million in homeowners premiums;
• $5.0 million in personal umbrella premiums; and
• $2.5 million in other types of P/C insurance premiums.

“At PID, our review process is tough but fair. We carefully review and evaluate rate increases submitted to our department because we know consumers work hard for their money and that big increases can create big problems for Pennsylvania families,” said Insurance Commissioner Michael Humphreys.. “At the same time, we recognize that insurers’ costs are increasing as the cost of the products and services that they insure continue to rise and that certain rate requests are justified as a result. PID will never approve rates that are excessive, inadequate or unfairly discriminatory to Pennsylvanians.”

PID is urging Pennsylvanians to periodically check in with their insurance company or agent to review their coverage. Pennsylvania’s P/C insurance market includes more than 1,200 insurers competing for business.

In the announcement, Humphreys also reminded consumers that insurers can take up 60 days to underwrite most new non-business insurance policies and during this period they can cancel certain types of policies. His department recommends that consumers weigh the pros (like lower costs or better benefits) and cons (like losing some protections) before switching or staying with their current plan.

Topics Pricing Trends Property Casualty Pennsylvania