State Farm Mutual Automobile Insurance Company has announced it will reduce auto policy rates by an average of 3.8 percent over the next six months. State Farm, with 1.5 million policyholders, is one of Georgia’s largest insurance companies.
A company spokesperson said the rate reduction will save its policyholders about $44 million a year in premiums. The new rates will take effect as policyholders renew their contracts.
Was this article valuable?
Here are more articles you may enjoy.
Electric Bills in Coal Country West Virginia Now Top Mortgage Payments 
Viewpoint: Why Brokers Have Little to Fear and Everything to Gain From AI 
Three Sentenced in Bear-Suit Attacks Insurance Fraud Case 
Marsh Aims to Be ‘AI Winner’ by Focusing on Gains in Growth, Productivity, Efficiency 
