Redpoint County files 40.5% rate increase for Loop’s auto program

On February 17, Redpoint County Mutual Insurance filed for a 40.5% rate increase for LOOP’s auto insurance program.

The proposed increase would apply to new business starting February 17, 2025, and renewals beginning April 1, 2025.

The filing estimates a $5.39 million increase in written premium, impacting 5,286 policyholders.

Bottom Line: Fairness is subjective.