Safeco submitted a filing to the Florida Office of Insurance Regulation proposing rate increases for its Classic Car and Antique Auto insurance program. The filing requests an overall 14.7% rate increase, including 14.7% for classic car policies and 14.5% for antique auto policies.

If approved, the changes would take effect May 29, 2026 for new business and July 17, 2026 for renewal policies.

According to the filing memorandum, the update primarily revises base rates across several coverage types. For classic cars, Safeco proposes base rate adjustments for bodily injury, medical payments, and comprehensive coverage. For antique auto policies, the changes affect bodily injury, property damage, personal injury protection, uninsured motorist coverage, and comprehensive policy term factors.

The program’s rating structure uses a vehicle-level algorithm that combines base rates with factors such as vehicle value, deductible selection, coverage limits, policy term, market factors, and discount programs to calculate premiums. Optional coverages include roadside assistance, rental reimbursement, emergency assistance, and audio or stereo equipment coverage.

If approved, the updated rates would apply to Safeco’s specialized program covering collector vehicles such as classic and antique automobiles in Florida.