Louisiana Farm Bureau planning to cut car insurance rates


Some Louisiana drivers will see car insurance costs fall starting in August.

Insurance Commissioner Jim Donelon announced Monday that Louisiana Farm Bureau plans to drop rates by 4.4% on its 220,000 auto insurance policies in the state.

The lower premium charges will start Aug. 1, when people get new or renewed policies.

That’s the third car insurance company to seek approval for rate decreases from the insurance department.

Donelon earlier announced that State Farm and Progressive Insurance were cutting their car insurance rates.

The insurance department says the combined reductions will mean that more than 1.5 million drivers in Louisiana will see lower automobile insurance costs.

Still, Louisiana’s average car insurance premiums remain among the highest in the country.

For more stories like this that matter to you, click here to download the News 10 app for free.

Watch live newscasts, get breaking news and sign up for push alerts – download now

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trending Stories