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State Farm Lowers Auto Rates in Ten States

State Farm Mutual Automobile Insurance Co. said it's lowering auto rates in ten states. State Farm customers in the following states will see decreases in...
March 2, 2004

State Farm Mutual Automobile Insurance Co. said it's lowering auto rates in ten states. State Farm customers in the following states will see decreases in their auto insurance rates of at least one percent: Arizona, Idaho, Indiana, Kansas, Missouri, New York, Ohio, Oregon, Utah, and Illinois. Customers in Alabama, North Dakota and Pennsylvania will see increases in their auto rates.State Farm spokesman Joe Johnson said overall premium changes for individual motorists will vary depending on several factors, including: 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's driven.

A new report by Fitch Ratings said upward pressure on prices in auto insurance has declined and the pace of increases slacked off in 2003.

State Farm to Cut Auto Rates Peoria (IL) Journal-Star (2/27/04)

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