California car insurance customers could be getting lower rates soon from Farmers auto insurance. The company is cutting the rates and offering rebates to many of their customers in order to be priced alongside their other unit, Mid-Century Insurance. This information comes from Online Auto Insurance article “Some Calif. Car Insurance Customers to Get Rebates, Rate Cuts” by Ben Zitney. With close to 640,000 vehicles insured by Farmers Insurance Exchange in California, a lot of people could get money back from these discounts and rebates.
Those eligible will get a 10% rebate on their premium and an average of 14.5% reduced from the rates they pay. The process began with people renewing memberships beginning July 15 of this year and will include those renewing through January 15,2011. An average rebate check will be around $50 with Farmers auto insurance paying a total of nearly $32 million. Customers hoping for cheap car insurance will be thrilled to see these rate reductions totaling $72 million in savings for customers. By streamlining the products, costs, and coverage options across the board, Farmers customers and agents will greatly benefit.
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