Georgia insurance commissioner says 10% State Farm rate cut is ‘major win’ for drivers

ATLANTA — Georgia Insurance and Safety Fire Commissioner John F. King said newly approved auto insurance rate reductions for State Farm customers mark one of the most significant steps the state has taken toward lowering costs for drivers and he hopes it forces other insurers to follow.

King announced Wednesday that State Farm will cut auto insurance rates in Georgia by an additional 3%, bringing total reductions approved over the past year to more than 10%.

His office estimates the changes will save Georgians roughly $400 million a year, or about $190 per insured vehicle.

For Georgia drivers facing rising prices on nearly every household expense, King said the savings come at a critical time.

“People are getting crushed,” King said. He added, “Food, commodities — everything is goi