Vault Reciprocal Exchange filed changes to its Florida Auto Complete program that introduce distance from the coast as a rating variable and revise how the insurer prices high-value vehicles and large personal auto fleets.

The filing, submitted July 9, carries no overall rate impact and applies to approximately $4.7 million in premium across 521 policies. The changes are expected to take effect October 12, 2026, for new business and November 12, 2026, for renewals.

Vault, which focuses on high-net-worth personal lines customers, will use the garaging address of each vehicle to determine its distance from the coast. The new factors apply to comprehensive coverage and range from 1.386 for vehicles garaged within 1,000 feet of the coast to 0.375 for vehicles located more than 20 miles inland.

According to the filing, catastrophe exposure and reinsurance costs remain significant barriers to profitability. Vault said the new variable should allow it to offer more competitive rates inland while improving geographic diversification. Florida is the second state where Vault is introducing the variable for auto insurance, although it already uses distance from the coast for homeowners insurance in several coastal states.

Vault is also changing how it rates policies with more vehicles than drivers. The insurer will cap the number of excess vehicles used in the calculation at five and increase the applicable factors. Vault said policies containing 10 or more vehicles and relatively few drivers have produced “disproportionately large premium reductions” under the existing structure.

Additional changes include:

• Revisions to vehicle symbol and model-year factors to improve pricing for higher-value vehicles.
• A reduction in liability-related factors for high-performance vehicles.
• Changes to multi-car discounts, including a smaller discount for comprehensive coverage.
• The introduction of the LexisNexis Attract 5.0 Auto insurance score, replacing the current TransUnion CreditVision model.
• Revised insurance-score tier factors.
• Renaming the Auto Complete Coverage endorsement as the Agreed Value Coverage Endorsement and allowing it to be selected by vehicle.
• Removal of the Preferred and Standard physical damage deductible options.

By coverage, the combined changes produce a 9% increase for comprehensive and a 10% decrease for both property damage liability and collision. Base-rate adjustments offset the other revisions to keep the filing’s overall impact at 0%.