Two major auto insurers in Louisiana recently announced rate decreases for private passenger auto policies, according to Insurance Commissioner Jim Donelon’s office.
Progressive Insurance Group (Progressive) submitted a rate filing for a decrease of 2.3 percent on new business effective Aug. 21 and renewal business effective Sept. 18.
Louisiana Farm Bureau Group (Farm Bureau) submitted a rate filing for a decrease of 7.5 percent on new and renewal business, both effective October 1.
Both companies’ newest rate decreases follow the recent announcement by State Farm Insurance Company of a rate decrease of 9.6 percent last month.
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