Fla. Bloomington, Illinois-based State Farm says it will cut its car insurance rates by about 16 percent if Florida's no-fault accident system ends in October as scheduled.
In a regulatory filing, State Farm says its Florida customers could expect to save about 360-dollars a year on average for a two-car household if the state's no-fault auto insurance system isn't retained by state lawmakers. The individual changes would vary widely depending on coverages, discounts, geography and driver and car details.LINK.
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