ATLANTA — Insurance and Safety Fire Commissioner John F. King announced significant savings for Georgia drivers, with State Farm auto insurance rates reduced by over 10% in the past year.
The rate reductions, approved by King, will save Georgia policyholders an estimated $400 million annually, with drivers expected to save approximately $190 per insured vehicle.
“We’ve been working on this for over a year, just making sure that everybody, all the insurance carriers knew that we were going to be putting relentless pressure on them to reduce the rates,” King told Channel 2’s Richard Elliot.
[DOWNLOAD: Free WSB-TV News app for alerts as news breaks]
“I promised on day one that I would not only fight for Georgia families to have coverage options, but affordable options at that,” King said in a statement. “That’s what we’re delivering today. We’re going to continue fighting to position Georgia as a national leader in affordable coverage, marketplace stability, and strong protections for families.”
Marie Malone, a resident of Covington, expressed her dissatisfaction with the high auto insurance rates, stating that she switched from State Farm to another carrier due to the costs. “So at four cars, I’m paying $1,500 a month because all my cars are high-end, and I have to carry $100, $300 with the umbrella, so that’s quite a penny,” Malone said.
TRENDING STORIES:
- Braselton police chief arrested by GBI after resigning
- Lake Lanier gets $2.5 million federal fund for water quality improvements
- Cobb Co. man guilty of leading police on high-speed chase with 5 passengers in car, possessing meth
The newly approved filing will reduce State Farm’s auto rates by an additional 3%, contributing to the total reductions over the past year.
These efforts are part of a statewide initiative by the Office of Commissioner of Insurance and Safety Fire (OCI) to combat insurance fraud and abuse.
Early impacts of lawsuit abuse reform, championed by King during the 2025 legislative session, are beginning to take effect, contributing to a more balanced and sustainable insurance environment.
Last April, Gov. Brian Kemp signed a tort reform bill into law, which was expected to reduce insurance rates by limiting certain lawsuits.
However, King stated that State Farm’s decision to cut rates is not directly tied to the tort reform but rather a proactive step in anticipation of the law’s potential effects.
“Today’s announcement reflects the crucial efforts that Governor Kemp, Lieutenant Governor Jones, Speaker Burns, the General Assembly, and my office are undergoing to create a more affordable and transparent insurance marketplace, and we hope to build on this momentum in the near future,” King said.
[SIGN UP: WSB-TV Daily Headlines Newsletter]
In a statement, State Farm emphasized its commitment to offering affordable auto insurance to its Georgia customers, stating, “Serving our Georgia customers by offering affordable private passenger auto insurance remains a top priority for State Farm.”
King hopes to use State Farm’s rate reduction as leverage to encourage other insurance carriers to follow suit, acknowledging the economic struggles faced by Georgians.
“And so I’m encouraged by this effort because I know that the struggle that Georgians are going through right now in all forms, not only insurance, but in every part of our economy,” King said.
©2025 Cox Media Group
