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GEICO said it is reducing personal lines auto insurance rates for its New Jersey policyholders by a statewide average of 4.1 percent, following rate reductions announced last week by California’s insurance commissioner.

The Chevy Chase, Md.-based company–a subsidiary of Berkshire Hathaway–said the decrease represents $30.8 million in savings for the state’s policyholders, or an average savings of $81 per year per policyholder.

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