Published in Health Insurance Week, September 30th, 2007
State Farm's claim of 16 percent average savings is based on eliminating Personal Injury Protection (PIP) and medical payments coverage from drivers' policies. But in order to achieve savings that big, State Farm is presuming that its customers won't buy the new optional medical payments coverage the insurer is offering.
So what's the real savings to State Farm customers if they opt for the new medical payments coverage' In fact, their savings could be lower than $8 for less...
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