| Carrier | Rate Change | Policyholders | Eff. Date | Filing # |
|---|---|---|---|---|
| MGA Insurance | +7.4% | 11K | 2/20/26 | GNSC-134847500 → |
| State Farm | −6.5% | 1.4M | 12/11/25 | SFMA-134688491 → |
| Amica | −3.0% | 10K | 2/1/26 | AMMA-134743612 → |
| Tesla | −6.0% | 9K | 4/14/26 | TSIS-134874643 → |
| Rockingham | +2.0% | 10K | 5/1/26 | RMUT-134834645 → |
| Farmers | +0.0% | 9K | — | FARM-134924387 → |
If your MGA Insurance renewal in Virginia came in higher, this is the source: MGA Insurance filed for a rate increase (SERFF GNSC-134847500) and it was approved at +7.4% on about 10,505 policyholders, effective February 20, 2026. The figures below are approved filings pulled from the public SERFF system — not estimates — and every one links to its filing.
The +7.4% is an average. Your MGA Insurance change ranges +114.4% to −65.0%.
A statewide rate change is one blended number, but MGA Insurance did not move every driver by the same amount. Its own filing reports the spread: the largest increase in the book was about +114.4% and the largest decrease about −65.0%. So inside a “+7.4% average,” some MGA Insurance drivers in Virginia were raised far more than the headline and others were cut. Where you land depends on your ZIP, vehicle, age and driving record.
MGA Insurance asked for more than it got.
The filing shows an indicated need of +22.3% — the increase MGA Insurance’s own actuarial analysis said it required — against the +7.4% 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 Virginia insurers are cutting.
An increase is only worth acting on relative to the alternatives, and in Virginia the direction is not uniform: State Farm (−6.5%), Amica (−3.0%), and Tesla (−6.0%) all filed decreases in the same period. A MGA Insurance increase alongside competitor cuts is the clearest signal there is that the market has moved and your renewal has not.
See every approved Virginia auto rate filing →