Indiana Drivers to Benefit from State Farm® Auto Rate Cuts
The 4.6 percent reduction results in a 13 percent decrease since the beginning of 2018.
State Farm will cut the personal auto rate by 4.6 percent in Indiana. This decrease, added to others since 2018, result in a total 13 percent reduction for Indiana customers. The total statewide expected impact will be approximately $36 million. State Farm is the largest auto insurer in Indiana.
“State Farm is always evaluating how we can best serve our customers. We're very pleased to be able to offer this rate decrease in Indiana,” said Rob Stewart, State Farm Senior Vice President. “The company's financial position and current business and economic conditions were among the important factors supporting our decision to make this rate change.”
Overall changes in premiums for individual motorists will vary. Rates depend on an individual customer’s policy and chosen coverages. The effective date for new and renewal business is Feb. 25, 2019.
Customers can contact their local State Farm agent to discuss their individual situation. Additional opportunities for discounts may apply. A rate decrease, combined with discounts, offers exceptional long-term value to new and existing State Farm customers.
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 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.