BATON ROUGE, La. —

Louisiana's insurance commissioner has approved State Farm's request to lower auto insurance rates.

The rates will be lowered by 5.9% for more than a million policyholders with personal auto insurance. Advertisement

The company said the decrease was driven by a reduction in the frequency of physical damage claims.

However, State Farm is increasing its average price for homeowner policies by 9.7%.

State Farm said the increase is due to their hurricane models which project higher future losses in Louisiana.

The changes are set to take effect January 1.

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