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State Farm Cuts Rates for California Auto Policyholders


Posted on 15 May 2009

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The largest U.S. home and auto insurer, State Farm Mutual Automobile Insurance Co., said it was cutting car insurance rates in California by 8 percent.

The price reduction is the fourth in the state since 2004, the Bloomington, Illinois-based company said in a statement distributed by PR Newswire today. The insurer, owned by its policyholders, has no publicly traded debt.


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