State Farm Cuts Mississippi Auto Rates 9.5%
Driving Trends Result in Insurance Rate Reduction for over 538 thousand customers
Driving behaviors across the country continue to evolve during the COVID-19 pandemic. Based on current trends, State Farm has filed to reduce auto insurance rates in Mississippi by 9.5%. If approved, this rate cut will save more than 538 thousand State Farm customers a total of $45.3 million. The rate change applies to current customers at policy renewal, as well as new and returning customers.
"We are pleased to be able to continue to help our Mississippi customers in this way, during this unprecedented time." said John Langcuster, Vice President, Agency/Sales.
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 their driving behaviors.
Rate changes 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.
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 59,000 employees serve approximately 84 million policies and accounts – over 81 million auto, fire, life, health and commercial policies and over 2 million financial services 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 2020 Fortune 500 list of largest companies. For more information, please visit http://www.statefarm.com.