State Farm Mutual Automobile Insurance Co. will cut its rates in Hawaii for the third time in two years, the company announced.
As a result, its overall personal auto rate will drop by 2.6 percent. The total state-wide expected impact for State Farm Mutual by the rate decrease in Hawaii will be roughly $3.8 million.
The last auto rate change in Hawaii was a decrease of 3 percent in November of 2018. Combined, the three auto rate decreases will save Hawaii customers a reported $10.1 million.
Overall changes in premiums for individual motorists will vary. The effective date for new and renewal business is July 22.
Topics Auto State Farm
Was this article valuable?
Here are more articles you may enjoy.
Q4 Global Commercial Insurance Rates Drop 4%, in 6th Quarterly Decline: Marsh 
Maine Plane Crash Victims Worked for Luxury Travel Startup Led by Texas Lawyer 
Allstate CEO Wilson Takes on Affordability Issue During Earnings Call 
Insurance Issue Leaves Some Players Off World Baseball Classic Rosters 
