Erie Insurance Company, domiciled in Pennsylvania, has filed a homeowners rate review in Virginia under VA ES CO HCT 1/1/26, effective January 1, 2026, for both new and renewal business. The filing impacts approximately 167,000 policyholders and $20.1 million in written premium.

The proposed filing seeks an overall 8.0% rate increase, supported by an indicated change of 11.0%. Adjustments include updates to base rates by peril, territory factors, and fixed expenses, as well as revisions to the policy effective year AOI. The company is also removing the Expected Longevity component from its smoothing formula and fixed expense structure. The smoothing formula remains in use and incorporates factors such as insured age, home age, and policy age to balance rate transitions.

The filing does not address ErieSecure Extended Replacement Cost (XRC) loss settlement, which is covered in a separate memorandum. The maximum policy-level rate change is +40.0%, while the minimum is –48.2%.