Clearcover submitted a filing to the Florida Office of Insurance Regulation introducing new rating variables to its private passenger automobile Access Program in the state. The changes are proposed to take effect March 13, 2026 for new business and May 2, 2026 for renewals.

The filing adds two new rating components: an Experience Group Matrix and a Stability Matrix, while removing the program’s existing tier factor from the rating algorithm. Clearcover said the changes are intended to improve segmentation and competitiveness while maintaining profitability.

According to the company, the Experience Group Matrix mirrors competitor rating factors used by insurers such as The General and Infinity Insurance, though Clearcover does not split the factors into multiple categories. The Stability Matrix is also modeled on The General’s approach and evaluates potential address mismatches between garage, mailing, and credit ZIP codes.

Clearcover reported that it currently has fewer than 100 policies in force in Florida, meaning there is limited historical loss data available. To estimate the impact of the changes, the company analyzed approximately 5,900 quote records where consumer reports had been ordered and the proposed variables could be applied.

The Experience Group Matrix is expected to produce an estimated +18.6% impact on new business, while replacing the tier factor with the Stability Matrix results in an estimated −3.8% impact on in-force policies. After adjusting base rates to offset these changes, the filing targets a 0.0% overall rate change, with a projected −15.6% impact on the existing book of business.