State Farm Cuts Ga. Auto Rates 4%

State Farm Mutual Automobile Insurance Co. is lowering its overall rate level in Georgia an average of 4.0 percent. This change takes effect April 23 for new business and May 23 for renewal business and represents an annual savings of $44.6 million to the company’s Georgia customers.

After this rate change is implemented, State Farm said its overall rate level in Georgia will be 8.3 percent lower than it was 10 years ago.

In addition, State Farm recently announced a $62 million dividend in Georgia from which State Farm Mutual auto policyholders in the state will receive 11.2 percent of their semi-annual premium. Dividend payments began in early April and will continue throughout the year.

About one in every four cars insured in Georgia is insured by State Farm, according to the insurer.

Source: State Farm
www.statefarm.com