State Farm cutting Ga. auto rates
ATLANTA -- Georgia's largest auto insurer will soon give its customers a break on auto insurance rates.
State Farm will cut its rate level in Georgia by an average of 2.2 percent as of Nov. 21. The company said that it will save its Georgia auto customers $23.2 million annually.
The Georgia Insurance and Safety Fire Commissioner's office said State Farm rate cuts are not due any mandate from the state.
"No pressure was applied by the Georgia Insurance Department to State Farm; this was a market decision that they made on their own," said a spokesman for the commissioner. "At this time, no other major insurers in Georgia have taken such an action, but our department is hopeful that this is a trend."
State Farm insures about 20 percent of drivers in Georgia.
Following the rate change, State Farm's overall rate level in Georgia will be 11.9 percent lower than it was nearly eight years ago.
Overall premium changes for individual motorists will vary depending on which coverages they carry, the discounts for which they qualify, where they live, the kind of car insured, who drives it and how much it is driven, the insurer said.
Georgia Auto Insurance Questions - News
ATLANTA -- Georgia's largest auto insurer will soon give its customers a break on auto insurance rates. State Farm will cut its rate level in Georgia by an average of 2.2 percent as of Nov. 21. The company said that it will save its Georgia auto
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