Georgia Customers to Save over $23 Million Annually
Duluth, Ga., Oct. 21, 2011 - State Farm Mutual Automobile Insurance Company, the largest insurer of autos in Georgia and in the nation, is decreasing its overall rate level in Georgia an average of 2.2 percent effective Nov. 21. This represents an annual savings of $23.2 million to the company’s Georgia customers.
Spokesman Justin Tomczak said “State Farm strives to deliver the best product at a competitive price. This rate reduction will be welcome news to our customers here in Georgia.”
After this rate change is implemented, State Farm’s overall rate level in Georgia will be 11.9 percent lower than it was seven and a half years ago.
Premiums for the collision and comprehensive coverages are going down. The comprehensive coverage pays for losses from such perils as theft, storm damage, fire, vandalism and glass breakage. The price of the liability and medical payments coverages will go up for most customers.
Overall premium changes for individual motorists will vary depending on factors such as the coverages they carry, the discounts for which they qualify, where they live, the kind of car insured, who drives it and how much it is driven.
About one in every five cars insured in Georgia is insured by State Farm.
Justin Tomczak, State Farm Insurance, (770) 418-5562.
State Farm and its' affiliates are the largest provider of car insurance in the U.S. and is a leading insurer in Canada. In addition to providing auto insurance quotes, their 17,800 agents and more than 65,000 employees serve 81 million policies and accounts - more than 79 million auto, home, life and health policies in the United States and Canada, and nearly 2 million bank accounts. Commercial auto insurance, along with coverage for renters, business owners, boats and motorcycles, is also available. State Farm Mutual Automobile Insurance Company is the parent of the State Farm family of companies. State Farm is ranked No. 37 on the Fortune 500 list of largest companies. For more information, please visit http://www.statefarm.com or in Canada http://www.statefarm.ca.