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If an insured paid taxes and title fees, then those expenses should be covered in the event of a total loss. If an insured paid taxes and title fees, then those expenses should be covered in the event of a total loss. (Shutterstock)

On Monday, Louisiana Insurance Commissioner Jim Donelon announced that the Louisiana Farm Bureau will mimic the downward rate trend in the state, first started by State Farm and Progressive insurance companies, requesting a –4.4% rate decrease on its 220,000 automobile policies.

“In the last year, three of the top auto insurers in our state have sought rate decreases for Louisiana drivers. This reduction, along with those previously taken by State Farm and Progressive, further  confirms that automobile insurance competition in Louisiana is moving premiums in the right direction,” Commissioner Donelon said in a statement announcing the rate cuts.

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Danielle Ling

Danielle Ling is an experienced video journalist and business reporter. As associate editor, Danielle manages all multimedia and reports on industry news and risk-related coverage, managing all weather-related content. A University of Maryland and Philip Merrill College of Journalism alum, Danielle previously served as a video journalist for Verizon FiOS 1 News NJ, Push Pause. Connect with Danielle on LinkedIn or email her at [email protected].

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