State Farm to Cut Auto Insurance Rates in South Carolina

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State Farm Mutual Automobile Insurance Companies, the largest auto insurer in South Carolina, will cut its auto rates in the state for the second time in two years, according to a statement from the insurer.

Overall personal auto rates will drop by 4.4 percent with the total statewide expected impact for State Farm Mutual by this rate decrease in South Carolina will be a savings of approximately $35.9 million.

According to State Farm Vice President-Agency Becky Blevins, improving expenses and losses were important factors, among many, that supported the company’s decision to make this rate change.

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