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 2026 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Topics Auto Louisiana State Farm
Was this article valuable?
Here are more articles you may enjoy.
Broad AI Exclusions in Insurance Policies Could Create Uncertainty, Marsh CEO Says 
How One Hacker Used AI Agents, a Few Thousand Dollars to Break Into Websites 
Report: Auto Insurance Total Loss Frequency Climbs, More Drivers Pay Repairs 
World’s Largest Retirement Community Set to Borrow $180 Million for More Homes 
