Encompass, part of Allstate, filed for a 12% rate decrease for its homeowners, condominium, and renters insurance program in Virginia. The filing was submitted on March 11, 2026, using a file and use process, with proposed effective dates of April 20, 2026 for new business and May 25, 2026 for renewal policies.

The filing covers the company’s Custom360 homeowners program and proposes revisions to several rating components, including component base premiums, family liability protection premiums, guest medical protection premiums, and fixed expense premiums.

According to the filing memo, Encompass introduced the Custom360 homeowners program in 2024 but has encountered challenges writing new business in what it describes as a highly competitive market. Without sufficient historical data to produce credible actuarial indications, the company selected a 12% overall rate reduction based on a competitive pricing analysis relative to market median rates.

The proposed rate change is expected to reduce written premium for the program by approximately $246,794 and would affect about 1,115 policyholders. The program currently represents around $2.05 million in written premium in the state.