State Farm Mutual Automobile Insurance Co. has lowered its overall car insurance rate in South Carolina by 1.4 percent.
State Farm, the insurer of one out of four insured cars in South Carolina, said this reduction represents an annual savings of $7.1 million for its customers.
Premium charges for individual motorists vary, depending on such factors as the residence, type of coverage, kind of automobile insured and who is insured to drive each vehicle.
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