Average 3.8 percent rate decrease to affect over 129,000 policyholders
Home Insurance Cut for State Farm® Customers in West Virginia
Current and future State Farm® home insurance customers in West Virginia will be saving money. Effective June 15, 2019, for new business and Aug. 1, 2019, for renewals, State Farm is reducing its West Virginia homeowners rates by an average of 3.8 percent. The total statewide expected savings impact for State Farm customers by this rate decrease is approximately $3.8 million.
“At State Farm, we are committed to offering customers the highest quality products and services at competitive prices,” said State Farm Senior Vice President Chris Schell. “This homeowners rate reduction in West Virginia is a result of improved trends and positions us to deliver on our mission to help more people in more ways.”
Overall changes in premiums for individual homeowners will vary depending on the specific details of an individual customer’s policy and chosen coverages. Customers with questions can contact their local State Farm agent to discuss their individual situation.
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. A rate decrease combined with discounts offers an exceptional long-term value to 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 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.