Georgia Insurance Commissioner Says 10% State Farm Rate Cut Is ‘Major Win’ for Drivers
State Farm’s 3% rate cut follows a total 10% decrease in a year, expected to save Georgians $400 million annually, credited to fraud enforcement and tort reforms.
6 Articles
6 Articles
Florida’s Insurance Market Stabilizes With Lower Rates, New Competition, JMI Reports
The Florida Office of Insurance Regulation announced the top five largest auto insurers are reducing rates by an average of 6.5% this year. State Farm recently announced a 10% reduction in auto rates. Progressive Insurance also offers its customers savings on their car insurance premiums. Since January 2024, 17 new insurers have entered the Sunshine […] The post Florida’s Insurance Market Stabilizes With Lower Rates, New Competition, JMI Reports…
Georgia Approves 3% State Farm Auto Insurance Rate Reduction
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 …
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