State Farm To Lower Louisiana Automobile Policy Rates

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A State Farm insurance office is seen in Springfield, Virginia, October 23, 2014. (Photo: Saul Loeb/AFP/Getty Images)

State Insurance Commissioner Jim Donelon says State Farm auto policy holders are getting another break in their premiums.

It's the third rollback in nine months and Donelon says it's due to competition in the insurance industry.

The 3.2% rate drop begins April 1st and will take effect as customer policies are renewed.

Since mid-2018, State Farm, the largest auto insurer in Louisiana, has decreased premiums by nearly 8%.

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