Louisiana News

State Farm plans another car insurance rate cut in Louisiana

BATON ROUGE, La. (AP) — Louisiana’s largest auto insurer is slashing its rates again, as fewer drivers are on the road because of the coronavirus outbreak. Insurance Commissioner Jim Donelon announced Monday that State Farm will cut its auto insurance rates in the state by 9.6%. The company covers nearly one-third of the private passenger auto insurance market in Louisiana. The insurance department says it’s the fourth rate cut that State Farm has made in the last two years. The latest reduction will begin Aug. 24 for new policies and renewals after that date. Louisiana’s car insurance rates remain among the most expensive in the country.

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