(BEDFORD) – The largest auto insurer in Indiana, State Farm Mutual Automobile Insurance Company, will cut its Indiana auto rates later this month, according to local State Farm Agent Judy Macy.
As a result, its overall personal auto rate will drop by 4.6 percent, starting February 25th. The total state-wide expected impact for State Farm Mutual by this rate decrease in Indiana will be approximately $36 million. This reduction was added to others that began in early 2018 totaling 13 percent.
“I’m very excited for our customers as this will be our 4th reduction (about 13%) in the past year in addition to other discounts available for auto,” says Judy Macy, of State Farm. “While most of our competitors are increasing premiums and/or limiting what they will protect, State Farm remains committed to our customers by offering the best protection at the best price…. which again, just got better! Now’s a great time to give me a call to discuss how we can help your life go right at Judy Macy State Farm.”
Macy says the overall changes in premiums for individual motorists will vary depending on the specific details of an individual customer’s policy and chosen coverages. The effective date for new and renewal business is February 25. State Farm customers with questions can contact her office to discuss their situation.
“We’re always evaluating how we can best serve our customers and are very pleased to be able to offer this rate decrease in Indiana,” said State Farm Rob Stewart, Senior Vice President. Rob adds, “The financial position of State Farm and current business and economic conditions in the marketplace were important factors, among many, that supported our decision to make this rate change.”
In addition to this rate reduction, State Farm agents can review with new and existing customers the many opportunities for additional discounts that may apply to an individual’s unique circumstances. A rate decrease combined with discounts offers an exceptional long-term value to State Farm customers.
About State Farm®:
The mission of State Farm is to help people manage the risks of everyday life, recover from the unexpected, and realize their dreams. State Farm and its affiliates are the largest providers of auto and home insurance in the United States. Its nearly 19,000 agents and approximately 65,000 employees serve approximately 83 million policies and accounts – approximately 81 million auto, fire, life, health, and commercial policies and approximately 2 million bank accounts. Commercial auto insurance, along with coverage for renters, business owners, boats and motorcycles, is available. State Farm Mutual Automobile Insurance Company is the parent of the State Farm family of companies. State Farm is ranked No. 36 on the 2018 Fortune 500 list of largest companies. For more information, please visit http://www.statefarm.com.
