Newark, Ohio, Feb. 4, 2011 - State Farm Mutual Automobile Insurance Company, the largest insurer of autos in Ohio and in the nation, is raising its overall rate level in Ohio an average of 0.4 percent effective March 7.
Even after this rate change is implemented, State Farm's overall rate level in Ohio will be 12.6 percent lower than it was seven and a half years ago.
Premiums for the medical payments coverage are increasing. The cost of the liability, collision and comprehensive coverages will go up for some and down for others. The comprehensive coverage pays for losses from such perils as theft, storm damage, fire, vandalism and glass breakage.
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 five cars insured in Ohio is insured by State Farm.