New figures from Louisiana’s Insurance Department reveal a shift in insurance premiums for 2025. Private auto insurance rates saw an average decline of nearly six percent. Insurance Commissioner Tim Temple attributes the drop to a reduction in accidents and tort reform legislation passed last year.
Temple expressed optimism about the trend, suggesting that rates could continue to decrease as fewer claims are filed. “When there are fewer accidents, fewer claims happen,” he said.
However, homeowners insurance rates rose slightly during the same period and commercial auto insurance premiums saw an increase of nearly six percent on average last year.
