An auto insurance rate reduction from the USAA group of companies is delivering significant savings for more than 200,000 Georgia policyholders across the state, according to Georgia Insurance and Safety Fire Commissioner John King.
The filing includes average rate decreases of 4.7% for Garrison Property and Casualty Insurance Company, 4.5% for USAA Casualty Insurance Company, and 2.4% for USAA General Indemnity Company. Combined, the approved changes represent approximately an overall group rate reduction of 2.6%, or a premium savings of approximately $33.2 million dollars.
“These continued reductions demonstrate that Georgia’s insurance market is becoming more competitive and increasingly responsive to consumers,” said King.
This latest reduction builds upon a series of recent rate decreases across Georgia’s auto insurance market, providing additional relief for drivers and expanding affordable coverage options for families throughout the state.
In addition to the approved rate reduction, USAA recently increased its SafePilot participation discount from 10% to 15%, providing eligible members with another opportunity to reduce their insurance costs.