State Farm Cuts Auto Rates In N.Y.
NU Online News Service, March 2, 8:30 p.m. EST?State Farm Mutual has filed a plan in New York that is expected to reduce auto premium rates by 5 percent on average across the state.[@@]
The announcement was made by New York State Insurance Department Acting Superintendent Howard Mills who said the savings for customers is estimated at $47 million in 2005 alone. He added that State Farm Fire & Casualty is cutting auto rates by an average of 4 percent, producing additional savings of about $6 million.
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