Great American Spirit Insurance Company submitted a filing in Texas on February 23, 2026, to overhaul the rating structure for its BikeInsure program, effective April 17, 2026, for new and renewal business.

The update replaces a flat premium with a rate per $100 of insured value under the Equipment Insurance Policy, reflecting a move to exposure-based pricing to address adverse loss experience. The changes result in a significant overall rate increase of 119.7% in Texas, compared with 88.9% countrywide. Casual usage will be rated at $3.60 per $100 of value, while competitive use is priced at $10.40.

The program currently covers 168 Texas policyholders and generates $35,688 in direct written premium.

The filing also notes the use of Stripe for payment processing and references Markel as a market competitor.