Q4 2025 State Filings Pulse: New York Approval Times Surge on Homeowners Rate Filings, California Improves, and Rate Increases Moderate
- Written By Brett Horoff
Perr&Knight has published the Q4 2025 edition of State Filings Pulse, highlighting the latest trends in approval times, rate changes, and key filing developments across states.
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Key Highlights from the Q4 2025 Edition
California and New York Converge as the Slowest States for Homeowners Rate Approvals
In 2025, the median time to approval for homeowners rate filings in New York increased sharply to 273 days, up from 121 days in 2024. This brings New York nearly in line with California, which continues to have the longest approval timelines at 283 days.
While California has historically been the slowest state, New York’s increase in 2025 reflects a shift toward a more rigorous and iterative regulatory review process. Approval times in New York rose steadily through the first three quarters of the year, peaking at over 300 days in Q3 before declining in Q4. However, this late-year improvement may not be indicative of future expectations, given it reflects only one quarter and contrasts with the prior trend.
California Approval Timelines for Homeowners Show Signs of Improvement
Despite remaining the slowest state overall, California showed measurable improvement in 2025. Median approval times for homeowners rate filings declined from 340 days in 2024 to 283 days in 2025, with a significant reduction to approximately 200 days in the second half of the year.
In addition, 2025 saw the approval of the first homeowners rate filings incorporating catastrophe modeling and recognition of the net cost of reinsurance (NCOR). These filings reflect regulatory changes introduced as part of the California Department of Insurance’s Sustainable Insurance Strategy (SIS), which allow the use of catastrophe modeling and NCOR, provided insurers commit to writing in “distressed areas” as defined by CCR § 2644.4.8. This option only became available in mid-2025, making these approvals a notable milestone.
| Company | Time to Approval (Days) | Approval Date | Approved Rate Change |
| California Auto (“Mercury”) | 125 | 12/18/2025 | 6.90% |
| CSAA | 114 | 12/18/2025 | 6.99% |
The approval of homeowners rate filings incorporating catastrophe modeling and NCOR, together with reduced approval timelines, represents an encouraging development in California.
Approved Rate Changes Moderate but Remain Elevated
After several years of elevated increases, approved rate changes began to moderate in 2025 across most states. The median approved rate change across all filings declined to 6.5% in 2025, down from 9.3% in 2024. The table below provides details by year and line of business groupings.
| Line of Business Grouping | Calendar Year | ||||
| 2021 | 2022 | 2023 | 2024 | 2025 | |
| Homeowners | 4.4% | 6.8% | 10.0% | 11.0% | 6.6% |
| Personal Auto | 1.7% | 7.0% | 9.8% | 7.8% | 2.0% |
| Commercial & Other Personal | 4.5% | 5.0% | 7.2% | 9.1% | 7.9% |
| All Rate Filings | 4.0% | 5.9% | 8.7% | 9.3% | 6.5% |
Despite this moderation, homeowners rate changes remain elevated in highly regulated states. California recorded the highest median approved homeowners rate change at 14.4%, followed by New York at 9.9%.
The higher rate levels in California are closely tied to its longer approval timelines and more restrictive filing environment. Insurers tend to file less frequently and seek larger increases when they do file, resulting in higher approved changes relative to other states. While California is the largest state in terms of premium volume, it ranks twelfth lowest in the number of rate filings approved.
Overall, the data suggests that while rate momentum is slowing nationally, states with longer and more complex approval processes continue to experience higher approved rate changes.
Time to Approval/Disposition by State
The tables below provide a breakdown, by state, of median time to approval/disposition based for the 12-month period ending December 31, 2025.
Rate Filings1,2
| Approval Time Range (Days) | Homeowners | Personal Auto | Commercial & Other Personal |
| 0 to 303 | AL, AR, AZ, ID, IL, IN, KY, LA, MI, MN, MS, MT, NC, NE, NM, OK, OR, SD, TN, UT, WI, WV, WY | AL, AR, AZ, ID, IL, IN, KS, KY, LA, MN, MS, MT, NC, NE, NM, OH, OK, OR, SD, TN, UT, WI, WV, WY | AR, AZ, CT, FL, GA, ID, IN, KS, KY, LA, MA, MI, MN, MS, MT, NC, NE, NH, NM, NV, OH, OK, OR, PA, SD, TN, UT, VT, WI, WV, WY |
| 30 to 59 | AK, GA, KS, MO, ND, NH, OH, PA, VA, VT | AK, CT, GA, MA, ME, MI, MO, ND, NH, NV, RI, VT | AK, AL, DC, DE, HI, IA, IL, ME, MO, ND, RI, VA |
| 60 to 89 | CO, CT, DE, IA, ME | DE, IA, NJ, PA, SC, TX, VA | NJ, SC, TX |
| 90 to 119 | MA, NV, RI | CO, DC, FL, HI, NY | CO, NY, WA |
| 120 to 149 | DC, FL, HI, MD, NJ, SC | None | None |
| 150 to 179 | TX, WA | MD, WA | None |
| 180 to 269 | None | None | CA, MD |
| 270 to 359 | CA, NY | CA | None |
| 360+ | None | None | None |
Excluding Rate Filings1,2
| Approval Time Range (Days) | Homeowners | Personal Auto | Commercial & Other Personal |
| 0 to 303 | AK, AL, AR, AZ, CT, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, ME, MI, MN, MO, MS, NC, ND, NE, NH, NM, NV, OH, OK, OR, PA, RI, SC, SD, TN, UT, VA, VT, WA, WI, WV, WY | AK, AL, AR, AZ, CT, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NM, NV, OH, OK, OR, PA, RI, SC, SD, TN, UT, VA, VT, WA, WI, WV, WY | AK, AL, AR, AZ, CT, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, NC, ND, NE, NH, NJ, NM, NV, OH, OK, OR, PA, RI, SC, SD, TN, UT, VT, WA, WI, WV, WY |
| 30 to 59 | DC, MA, MD, MT | CO, MA, TX | MT, NY, TX, VA |
| 60 to 89 | CO, NJ | CA, DC, NJ, NY | CO, DC |
| 90 to 119 | CA, NY, TX | None | CA |
| 120 to 149 | None | None | None |
| 150 to 179 | None | None | None |
| 180 to 269 | None | None | None |
| 270 to 359 | None | None | None |
| 360+ | None | None | None |
- For states where the filing law is “file and use” or “use and file”, insurers may use the filing prior to the state issuing an approval/disposition.
- Includes filings with approval/disposition dates during the period 01/01/2025 to 12/31/2025.
- Includes states exempt from filing.
The Q4 2025 edition includes data spanning January 2021 through December 2025, providing long-term trends and comparisons across states.
Download the Q4 2025 Edition of State Filings Pulse
👉 Download your free copy of State Filings Pulse here: https://www.perrknight.com/insights/guides-white-papers/state-filings-pulse/
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