Mississippi’s Alfa Insurance Allowed to Lower Rates
Friday, December 19th, 2008
Mike Chaney, the Insurance Commissioner for the state of Mississippi, has recently decided to allow local auto insurance company Alfa Insurance to reduce their rates, along with letting them offer an extra discount to long-time customers. Starting on December 28th, the Associated Press reports that Alfa will reduce its rates by approximately 2.1%, resulting in about $1 million in savings for customers on their Mississippi auto insurance quotes. The discount for loyal policy holders, which goes into effect the same day, is 15% for customers that have been with Alfa for three years or longer, and 20% for those that have had their Alfa policy for at least six years.
