State Farm Cuts Ohio Auto Rates; Others May Follow

NU Online News Service, Feb. 23, 3:20 p.m.EST?State Farm Insurance Companies' move to cut autoinsurance premium rates in Ohio will likely be followed by otherauto insurers following suit to remain competitive in the state, aninsurance trade group predicted.[@@]

The forecast by the Ohio Insurance Institute, a Columbus,Ohio-based industry association representing property-casualtyinsurers and organizations in the state, was made after State Farmannounced Friday that it will reduce its auto premium rates in Ohioby an average of 4.1 percent beginning March 15.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.