Louisiana Insurance Commissioner Tim Temple has approved Progressive Security Insurance Company’s request for a 6.6% average rate decrease on its over 270,000 private passenger auto insurance policyholders and Progressive Paloverde Insurance Company’s request for a 4% average decrease on its nearly 200,000 policyholders.
Progressive Security’s 6.6% decrease follows a 3.2% decrease the company filed in July 2025.
Combined, the two Progressive companies write approximately 23.5% of the Louisiana private passenger auto insurance market. The changes take effect Jan. 16 for new business and Feb. 13 for renewal business. Rate changes are statewide averages, so each policyholder’s rate change will vary based on individual risk.
Progressive indicated its decreases are primarily driven by a reduction in frequency of claims, the Louisiana Department of Insurance said in a statement.
Was this article valuable?
Here are more articles you may enjoy.
A 10-Year Wait for Autonomous Vehicles to Impact Insurers, Says Fitch 
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’ 
Portugal Deadly Floods Force Evacuations, Collapse Main Highway 
What Analysts Are Saying About the 2026 P/C Insurance Market 
