State Farm insurance says it’s lowering auto coverage rates in Louisiana by an average of 2.5 percent at the end of June.
The company says that represents an annual savings of $22.4 million to its customers. State Farm insures about one in every three cars in Louisiana.
Company vice president Rob Stewart says the reduction is due to a better claims experience in the state.
Premiums for collision and comprehensive coverages are decreasing the most. The cost of the liability and medical payments coverages will go up for some and down for others.
The new rates are effective June 30.
Copyright 2025 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Was this article valuable?
Here are more articles you may enjoy.
Progressive Now 4th Largest Global Insurer; RenRe Fastest Growing in ’24 
Reinsurers Hold Bulk of Jamaica’s Property Exposures From Hurricane Melissa: Reports 
Truck Driver in Fatal Crash Repeatedly Failed Driving Tests, Florida AG’s Office Says 
Satellite Data Reveals Hurricane Melissa Damage in Jamaica 
