State Farm Louisiana Insurance Rates: Auto Drop 5.9%, Homeowners Rise 9.7% in 2026

Louisiana Insurance Commissioner Tim Temple has approved rate changes for State Farm insurance policies effective early 2026. Personal auto insurance premiums are set to decrease by an average of 5.9% for over 1 million policyholders, driven by lower frequency of physical damage claims. Conversely, homeowners' insurance rates will increase by 9.7% on average for over 300,000 policies, attributed to revised hurricane risk modeling and higher non-catastrophe losses. These adjustments reflect State Farm's market share dominance, with about 30% of auto and 20% of homeowners' insurance statewide. Policyholders will see individual rate changes based on their specific risk profiles.