Farm Bureau to Cut Auto Rates for 80,000

By Nolan Mckendry

The Center Square

Louisiana Insurance Commissioner Tim Temple on Friday announced that Louisiana Farm Bureau Casualty Insurance Company will reduce auto insurance rates by 11.8% for more than 80,000 policyholders statewide beginning Jan. 1.

The reduction marks one of the largest single decreases in recent years, coming as insurers report fewer accidents and cite growing confidence in Louisiana’s legal reforms.

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