First Acceptance Insurance Company of Tennessee filed a rate-neutral update that introduces a new geographic rating structure for private passenger auto, effective March 24, 2026, for new business only.

The filing incorporates a new rating table based on the TNEDICCA model, a proprietary location risk scoring tool approved by the Tennessee Department of Commerce and Insurance in November 2024. While the company reported a 0% overall rate impact and no premium change on its existing $10.1 million Tennessee book, the update reflects a shift in how new policies will be priced across the state.

Under the filing, the new location factors will not apply to the current book. Instead, the model will be used prospectively for new business, allowing the insurer to introduce the new rating variable without triggering broad renewal changes.

The move comes as First Acceptance, a Nashville-based non-standard auto insurer focused on higher-risk drivers, adjusts its risk selection and pricing approach in the state. Financial data included in the filing shows net investment income declined from $2.47 million in 2024 to $1.76 million in 2025, while the investable asset base fell from $66 million to $40.5 million.