Liberty Mutual subsidiaries LM General Insurance Company and LM Insurance Corporation filed a rate and rule update for their Gears Motorcycle program in Georgia, requesting an overall 6.4% rate increase effective April 22, 2026 for renewals.
The filing reflects a 6.3% overall premium impact for LM General, affecting 687 policyholders and approximately $620,620 in written premium, while LM Insurance Corporation’s changes result in an 8.2% impact across 8 policyholders and about $5,074 in premium.
By coverage, the indication is driven primarily by a 42.1% increase in Uninsured/Underinsured Motorist (UM/UIM), partially offset by decreases in Bodily Injury/Property Damage (-12.6%), Comprehensive (-13.2%), and Collision (-18.8%).
The actuarial analysis is based on five years of experience (2020–2024) with countrywide loss development and trend assumptions due to the program’s relatively low premium volume and credibility.
