Louisiana’s Insurance Commissioner has approved a request from two Progressive Insurance subsidiaries that, combined, hold around 23.5% of the state’s auto insurance market.

Progressive Security Insurance Company was approved for an average 6.6% rate decrease for private auto policyholders, while Progressive Paloverde Insurance Company was approved for a 4% average rate decrease for its nearly 200,000 auto insureds. Progressive Security’s rate drop follows a 3.2% decrease filed by the company in July 2025.

Progressive primarily attributes these rate decreases to a reduction in the frequency of claims.

Auto premiums in Louisiana are among the highest in the nation, with a full-coverage policy averaging $4,135 per year, according to Bankrate. The average state minimum coverage cost is around $1.087 each year. For comparison, the average auto policy holder across the United States pays around $2,697 per year for full-coverage and $820 for minimum-coverage auto insurance.

State Farm was also recently approved for an average 5.9% auto rate decrease for Louisiana customers in December. State Farm is the largest auto insurer in the state, holding approximately 30% of the auto market. This rate change went into effect on January 1.

State Farm gave similar reasons for its decrease in auto rates, citing a reduction in the frequency of physical damage claims.

“I’m glad to see positive movement on auto rates in Louisiana for the first time in years,” Louisiana Insurance Commissioner Tim Temple said in a release. “Because fewer accidents are contributing to these lower losses for insurers, we should not necessarily expect to see this level of decrease in future years unless we continue to pursue legal reform that addresses the foundational reasons our rates are the highest in the country.”

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