Progressive filed for a reduction to its North Carolina pet insurance rates less than a year after receiving approval to launch the program in the state on July 17 2025. The latest filing, submitted on May 8, 2026, seeks an overall 6.4% rate decrease affecting 249 policyholders and approximately $130,076 in written premium.

Progressive said the filing is intended to make its product more competitive rather than respond to loss experience, noting the pet insurance program only launched in July 2025 and does not yet have credible actuarial data. The insurer proposed reducing accident and illness base rates by 10% for both dogs and cats.

The filing includes updated competitor comparisons using a benchmark profile in ZIP code 27869 with a $250 deductible, 80% reimbursement rate, $10,000 annual limit, and a 7 year old male pet with no discounts.

For dogs, Progressive’s proposed monthly premium was $137.31, above every competitor except Embrace. Competitor premiums ranged from $78.03 for Lemonade to $144.69 for Embrace, with a market average of $106.12. The filing marks a notable shift from Progressive’s October 2025 positioning, when the insurer priced below market.

For cats, Progressive proposed a monthly premium of $39.75, slightly below the market average of $41.48. Competitor premiums ranged from $30.72 for Pets Best to $64.11 for Embrace.

The competitor set also changed from the prior filing, with Nationwide and Healthy Paws no longer included, while Lemonade and Spot were added to the comparison exhibit.

Progressive attributed part of the higher premium levels to the updated benchmark profile, which uses a 7 year old pet rather than a 1 year old pet, though the filing also highlights a change in the company’s relative competitive positioning in the dog segment.