Elephant Insurance a Georgia private passenger auto filing requesting an overall 3.1% rate decrease affecting 557 policyholders and approximately $2.34 million in written premium. The filing, submitted on May 18, 2026, includes updates to the insurer’s rates and rules manuals, with changes effective on approval for both new and renewal business.

The filing shows an indicated rate change of -12%, while the proposed overall impact is -3.1%. Individual policy impacts range from a 28% decrease to a 31.5% increase.

Among the rule changes, Elephant introduced a new paid-in-full discount factor, applying a 0.900 factor for customers who pay in full. The insurer also updated its luxury vehicle definition to include Volvo while removing Hummer from the list.

The filing continues Elephant’s use of credit-based insurance scoring through TransUnion’s CreditVision model. The company states that insurance scores are ordered without requiring a Social Security number initially, though SSNs may later be collected in no-hit or thin-file situations.

Elephant’s rating structure incorporates a wide range of factors including claims-free history, prior carrier underwriting actions, payment behavior, lapse history, marital status, vehicle ownership, and accident recency.