Georgia insurance regulators announced yesterday they approved a 3% rate reduction for State Farm auto insurance customers, bringing total rate decreases for the insurer to more than 10% over the past year.
The rate filing approved by Insurance and Safety Fire Commissioner John King will reduce premiums by an estimated $400 million annually for State Farm policyholders in Georgia, the Office of Commissioner of Insurance said Tuesday. The reduction averages about $190 per insured vehicle and will save Georgia policyholders an estimated $400 million annually.
“I promised on day one that I would not only fight for Georgia families to
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