State Farm Mutual Automobile Insurance Company said it intends to lower overall auto insurance rates in West Virginia and Kansas, thanks to tort reform and improved claims records.
In West Virginia, the company said it is lowering overall rates by 10.1 percent, effective July 8. The reduction represents an annual savings of $32.9 million to the state's customers insured by the carrier.
The rate reduction is in response to recent passage of a series of tort reforms at the urging of West Virginia Governor Joe Manchin III, said Matthew Greer, State Farm spokesperson for the Mid-Atlantic Zone.
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