State Farm Raising Auto Insurance Rates in Louisiana
State Farm Mutual Automobile Insurance, which covers about one in every three cars in Louisiana, is raising insurance rates for drivers.
The company announced Friday that the increases will average 3.4 percent, starting Feb. 17. Going up will be premiums for liability, collision and comprehensive coverage.
State Farm spokesman Gary Stephenson says the average increase per insurance policy will be about $35 per year.
He says premium changes will depend on the type of coverage, individual discounts, the kind of vehicle insured, the hometown of the driver and other factors.
Commissioner of Insurance Jim Donelon agreed to the rate increase, according to his spokeswoman.
Copyright 2026 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Popular Today
- FM Using AI to Elevate Claims to Deliver More Than Just Cost Savings
- Why 2026 Is The Tipping Point for The Evolving Role of AI in Law and Claims
- UBS Top Executives to Appear at Senate Hearing on Credit Suisse Nazi Accounts
- Credit Suisse Nazi Probe Reveals Fresh SS Ties, Senator Says
Popular This Month