| Carrier | Rate Change | Policyholders | Eff. Date | Filing # |
|---|---|---|---|---|
| Farmers | +7.0% | 7K | 5/24/26 | FARM-134703203 → |
| Palisades | −5.0% | 98K | 4/17/26 | HPIC-134859181 → |
| Amica | +0.0% | 13K | 10/1/26 | AMMA-134740625 → |
| Encompass | +6.9% | 5K | 10/24/26 | GMMX-134806021 → |
| AIG | +0.0% | 1K | 1/1/26 | APCG-134652591 → |
| The Hartford | +0.0% | 761 | 1/1/26 | HART-134610008 → |
If your Farmers renewal in New Jersey came in higher, this is the source: Farmers filed for a rate increase (SERFF FARM-134703203) and it was approved at +7.0% on about 7,379 policyholders, effective May 24, 2026. The figures below are approved filings pulled from the public SERFF system — not estimates — and every one links to its filing.
The +7.0% is an average. Your Farmers change ranges +15.9% to −4.8%.
A statewide rate change is one blended number, but Farmers did not move every driver by the same amount. Its own filing reports the spread: the largest increase in the book was about +15.9% and the largest decrease about −4.8%. So inside a “+7.0% average,” some Farmers drivers in New Jersey were raised far more than the headline and others were cut. Where you land depends on your ZIP, vehicle, age and driving record.
Farmers asked for more than it got.
The filing shows an indicated need of +13.4% — the increase Farmers’s own actuarial analysis said it required — against the +7.0% it actually took. That gap matters for what comes next: a carrier that took less than it indicated has an unclosed gap, and the remainder often arrives in a later filing rather than disappearing.
Other New Jersey insurers are cutting.
An increase is only worth acting on relative to the alternatives, and in New Jersey the direction is not uniform: Palisades (−5.0%) filed decreases in the same period. A Farmers increase alongside competitor cuts is the clearest signal there is that the market has moved and your renewal has not.
See every approved New Jersey auto rate filing →