Juneau, Alaska,
12
August
2020
|
13:22 PM
America/Chicago

State Farm Cuts Alaska Auto Rates 10.7%

Driving Trends Result in Insurance Rate Reduction for nearly 200,000 customers

Driving behaviors across the country continue to evolve during the COVID-19 pandemic. Based on current trends, State Farm® is working to reduce auto insurance rates in Alaska by 10.7%. This rate reduction will save over close to 200,000 State Farm customers a total of $16 million. This applies to current customers at policy renewal, as well as new and returning customers.

“Current State Farm driving data and claims experience show a considerable decline in miles driven and fewer accidents,” said Tom Conley, SVP. “As a result, we’re looking for ways to continue supporting our Alaska customers while we monitor and adjust to trends.”

In addition to the auto rate reduction, the discount for participating in Drive Safe & Save™ is increasing to 10%, and empowers drivers to save more on their auto premiums through driving behaviors.

Rate changes in Alaska are subject to regulatory approval. Customer rate reductions will vary based on their individual renewals. Customers are encouraged to visit with their State Farm agent about individual policies, coverage and any opportunities for discounts, including Drive Safe & Save.

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 19,200 agents and 57,500 employees serve approximately 85 million policies and accounts – which includes auto, fire, life, health, commercial policies and financial services accountsCommercial auto insurance, along with coverage for rentersbusiness ownersboats 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 2020 Fortune 500 list of largest companies. For more information, please visit http://www.statefarm.com.