DuPont, Wash., March 25, 2011 - State Farm Mutual Automobile Insurance Company, the largest insurer of autos in Alaska and in the nation, is raising its overall rate level in Alaska an average of 1.6 percent effective April 25.
After this rate change is implemented, State Farm's overall rate level in Alaska will be 4.9 percent lower than it was seven and a half years ago.
Premiums for the liability coverage are increasing. The cost of the medical payments coverage will go up for some and down for others. 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 s driven.
About one in every four cars insured in Alaska is insured by State Farm.
Walt Allen, State Farm Insurance, (253) 912-6248.