State Farm announced personal auto insurance rate decreases in Tennessee and Progressive will is lowering rates in Louisiana, continuing a trend of declining rates driven by reduced claims frequency.
State Farm reduced auto rates by more than 10% on average in Tennessee, that took effect Dec. 15 for new business and will take effect mid-January for existing customer renewals. The decrease represents the company’s second rate reduction in the state since April, bringing total average reductions to more than 17% in 2025.
The company said the reductions will amount to more than $252 million in lower total annual premiums for
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