State Farm lowers auto insurance rates in Georgia

By Péralte C. Paul

Atlanta Journal-Constitution

Published on: 06/21/05

Georgia's largest auto insurer is lowering rates.



Consumers who have vehicles insured through State Farm Mutual Automobile Insurance Co. can expect to see premiums decrease by 3.7 percent, on average.



In all, the company says the rate reduction will save its Georgia policy holders about $44.4 million a year in premiums.



Some consumers can expect more of a discount, based on their individual driving records, State Farm said. Drivers with poor records may see less of a premium reduction.



The rate decreases will be rolled out over the next six months, as policy holders renew their coverages, the company said.



The decrease marks the second time in as many years that State Farm has lowered rates in Georgia. The only other major insurer to lower its rates in that time has been the United Services Automobile Association.



State Farm has 1.5 million auto policies in Georgia, roughly one out of every four vehicles in the state.