BATON ROUGE, La. (WAFB) – More Louisiana drivers are set to see relief on their auto insurance bills after Insurance Commissioner Tim Temple approved new rate decreases for two Progressive companies covering nearly 470,000 policyholders statewide.
Temple approved Progressive Security Insurance Company for an average 6.6% rate decrease affecting more than 270,000 private passenger auto policyholders. He also approved a 4% average decrease for Progressive Paloverde Insurance Company, which covers nearly 200,000 additional policyholders.
The new rates take effect Jan. 16 for new policies and Feb. 13 for renewals. State officials cautioned that the decreases represent statewide averages, meaning individual policyholders may see different results depending on personal risk factors, location and driving history.
Progressive told regulators the rate reductions are primarily driven by a decrease in the frequency of claims.
The approvals add to a growing list of insurers filing for lower rates in Louisiana. In 2025, more than 20 auto insurance companies sought decreases, including State Farm, Geico, Allstate and Progressive, according to the Louisiana Department of Insurance.
Temple has repeatedly urged consumers to interpret the numbers carefully.
“If you live in New Orleans, for example, your rate is going to be different than one that might be in Shreveport or Alexandria,” Temple previously said. “These are overall averages for the state.”
Industry groups have also warned that it remains unclear whether the recent wave of reductions signals a long-term shift. Benjamin Albright with the Independent Insurance Agents and Brokers of Louisiana previously said the changes could reflect a short-term dip tied to lower accident frequency rather than permanent reform.
Temple has said legal and insurance reforms passed during the 2025 legislative session could take years to fully affect premiums, pointing to Florida as an example where similar changes took roughly two years to produce measurable results.
Consumers can review all approved property and auto insurance rate filings using the Louisiana Department of Insurance’s online rate filing search tool.
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Based in New York, Stephen Freeman is a Senior Editor at Trending Insurance News. Previously he has worked for Forbes and The Huffington Post. Steven is a graduate of Risk Management at the University of New York.