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 auto insurance premium rates in Ohio will likely be followed by other auto insurers following suit to remain competitive in the state, an insurance trade group predicted.[@@]
The forecast by the Ohio Insurance Institute, a Columbus, Ohio-based industry association representing property-casualty insurers and organizations in the state, was made after State Farm announced Friday that it will reduce its auto premium rates in Ohio by an average of 4.1 percent beginning March 15.
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