Vermont Mutual Insurance Company is seeking an 18.6% average rate increase for its Homeowners Program in Connecticut, impacting over 12,000 policyholders and raising premiums by approximately $5.27 million. The filing, submitted on a file-and-use basis, follows a 14.2% increase approved in 2024.

The proposal reflects five years of loss data and includes adjustments for storm exposure, reinsurance costs, and investment income. Vermont Mutual emphasizes it does not use price optimization in pricing decisions. Additional changes include a 5% boost to New Home Discounts and an extension of the discount period.