State Farm Approved for 5.9% Auto Insurance Rate Reduction in Louisiana
State Farm has received regulatory approval from the Louisiana Insurance Department for a 5.9% average rate reduction on personal auto insurance policies, effective January 1, 2026. This adjustment applies to over 1 million policyholders, reflecting State Farm's substantial 30% market share in the Louisiana auto insurance market. The rate decrease is primarily driven by a reduction in the frequency of physical damage claims, signaling a shift in claims trends within the state.