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.
State Farm Cuts Rates for California Auto Policyholders
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.
Published on May 15, 2009
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