The Louisiana Department of Insurance published a bulletin announcing rate filing decreases for two insurance companies. Imperial Fire & Casualty Insurance Company (IFAC) and Allstate North American Insurance Company (ANAIC) both finalized rate decreases on their private passenger auto programs in the state.
IFAC filed a 6% decrease for its value product, which serves over 41,000 policyholders in the state. The product typically covers high-risk consumers. IFAC also had a rate reduction of 5% in 2025, totaling an 11% decrease in the past six months.
ANAIC filed a 7.5% decrease and serves 17,000 policyholders in the state. They also had a 7.6% decrease finalized in 2025, totaling an over 15% decrease in the past six months.
The decreases have been prompted by improved loss experience. The decreases represent an overall average, so each consumer should not expect the same rate change, but it will depend on their individual risk.
The IFAC changes are effective January 15, 2026, for new business, and February 20, 2026, for renewal business. ANAIC changes are effective on April 9, 2026, for new and renewal business.
The bulletin can be found here.