State`s Largest Insurance Company Lowers Rates
By: Import User
Updated: January 7, 2009
State Farm Mutual Automobile Insurance
Company, the largest car insurer in Arkansas, says it will lower
its rates by four-point-one percent overall.
The company says that the rate change will take effect April
first, a reduction of twelve-point-seven (m) million dollars.
The company says a large part of the decrease is coming through
a bigger break for motorists who have not had accidents.
Comprehensive coverage, which pays when a vehicle is stolen or
damaged by causes other than a crash, will see the greatest
discount, State Farm said.
The company says individual policyholders will see varied
decreases, based on the coverage they carry and the discounts for
which they qualify.
The company says it insures one of four automobiles in Arkansas.
