(UNDATED) – The largest auto insurer in Indiana, State Farm Mutual Automobile Insurance Company, will reduce its overall Indiana auto rates today.
As a result, its overall personal auto rate will drop by 2 percent, starting September 9. The total state-wide expected impact for State Farm Mutual by this rate decrease in Indiana will be approximately $16.7 million.
This reduction added to others in recent years totals 15%.
“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.”
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 September 9th.
State Farm customers with questions can contact their local State Farm agent to discuss their individual situation.
In addition to this rate reduction, State Farm agents are able to 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.