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.
What Disruptions Have Been Reported After the Global Tech Outage? 
Insurers Settle With Hotel in Case of Woman Videotaped in the Shower 
Beryl’s Remnants Spawned 4 Indiana Tornadoes, Including an EF-3: NWS 
FM Global Rebrands As FM 
