Greeley, Colo., October 14, 2011 - State Farm Mutual Automobile Insurance Company, the largest insurer of autos in Utah and in the nation, is decreasing its overall rate level in Utah an average of 0.6 percent effective November 14.
After this rate change is implemented, State Farm's overall rate level in Utah will be 16.2 percent lower than it was eight and a half years ago.
Premiums for the personal injury protection coverage will increase. The cost of the liability coverage will go up to a lesser extent. The price of the collision and comprehensive coverages will go down for most customers. 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 six cars insured in Utah is insured by State Farm.
Donna Fisher-Brown, State Farm Insurance at (702) 228-5212.
State Farm insures more cars and homes than any other insurer in the U.S., is the leading insurer of watercraft and is also a leading insurer in Canada. Our 17,800 agents and more than 68,000 employees serve 81 million policies and accounts - more than 79 million auto, fire, life and health policies in the United States and Canada, and nearly 2 million bank accounts. State Farm Mutual Automobile Insurance Company is the parent of the State Farm family of companies. State Farm is ranked No. 34 on the Fortune 500 list of largest companies. For more information, please visit statefarm.com®, facebook.com/StateFarmNation™ or in Canada statefarm.ca®.
