State Farm Mutual Automobile Insurance Company has announced it will reduce auto policy rates by an average of 3.8 percent over the next six months. State Farm, with 1.5 million policyholders, is one of Georgia’s largest insurance companies.
A company spokesperson said the rate reduction will save its policyholders about $44 million a year in premiums. The new rates will take effect as policyholders renew their contracts.
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