More than 1 million customers of State Farm Mutual Automobile Insurance Co. soon will see their personal auto insurance rates decline, the insurer said.
State Farm Mutual said effective Sept. 1 it will decrease the overall personal auto rate in Missouri by 1.1%. The total state-wide expected impact for State Farm Mutual by this rate decrease in Missouri will be approximately $9.4 million.
Combined with three previous rate decreases, State Farm Mutual has reduced auto rates in Missouri by more than 10 percent since the start of 2018, bringing the total savings to Missouri drivers to more than $95 million.
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 Sept. 16, 2019.
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.
Source: State Farm Mutual Insurance Co.
Was this article valuable?
Here are more articles you may enjoy.
Connecticut High Court: Injured Rental Car Occupants Covered for Uninsured Motorist 
Mustard Maker Caught Pumping Pollutants Into River for Years and Lying About It 
Viewpoint: Japan’s $550B Bet on America鈥擶hat it Means for the US Insurance Market 
Albertsons Reaches $774 Million Opioid Accord, Records Loss 
