Columbia, MO, Sept. 2, 2011 - State Farm Mutual Automobile Insurance Company, the largest insurer of autos in Missouri and in the nation, is lowering its overall rate level in Missouri an average of 0.3 percent effective Oct. 3.
After this rate change is implemented, State Farm's overall rates in Missouri will be 8.5 percent lower than they were eight years ago.
The cost of the medical payments and comprehensive coverages are going down. The comprehensive coverage pays for losses from such perils as theft, storm damage, fire, vandalism and glass breakage. The price of the collision coverage is decreasing to a lesser extent. Premiums for the liability coverage are increasing.
Overall premium changes for individual motorists will vary depending on factors such as the coverages they carry, the discounts for which they qualify, where they live, the kind of car insured, who drives it and how much it is driven.About one in every four cars insured in Missouri is insured by State Farm.
Jim Camoriano, State Farm Insurance, (573) 499-2452.
State Farm and its' affiliates are the largest provider of car insurance in the U.S. and is a leading insurer in Canada. In addition to providing auto insurance quotes, their 17,800 agents and more than 65,000 employees serve 81 million policies and accounts - more than 79 million auto, home, life and health policies in the United States and Canada, and nearly 2 million bank accounts. Commercial auto insurance, along with coverage for renters, business owners, boats and motorcycles, is also available. State Farm Mutual Automobile Insurance Company is the parent of the State Farm family of companies. State Farm is ranked No. 37 on the Fortune 500 list of largest companies. For more information, please visit http://www.statefarm.com or in Canada http://www.statefarm.ca.