New data released by the Louisiana Department of Insurance shows private auto insurance rates declined on average nearly 6% in 2025, while homeowners’ insurance rates rose slightly. Insurance Commissioner Tim Temple says the decrease in auto premiums is due to a reduction in accidents. He believes rates will continue to drop as a result of tort legislation approved last year.
“The reforms that were done in 2025 have not taken effect yet, and those are designed and focused on when claims happen,” Temple explained.
Temple says the average rate change for homeowners’ insurance in 2025 was 4%, but last year was the first time since 2020 that they had more than three insurance providers file for a rate decrease.
“The homeowners’ is not, the overall impact, is not a reduction statewide, but there are still insurance companies, primarily regional insurance companies, that have taken rate decrease,” Temple said.
The 2025 insurance trends also commercial auto insurance increased nearly 6% on average in 2025. Temple says commercial auto insurance rates are still extremely high because the limits on what could be paid out because of a serious accident are still very high.
“It’s going to take a while for the reform that has been acted to start to work, but it also highlights that we need more. There’s more work to do. We need to address more reform, targeting the commercial auto sector,” Temple noted.
Comments