Frederick, Md., Aug. 19, 2011 - State Farm Mutual Automobile Insurance Company, the largest insurer of autos in the nation, is raising its overall rate level in Maryland an average of 2.6 percent effective Sept. 19.
Even after this rate change is implemented, State Farm's overall rate level in Maryland will be 2.0 percent lower than it was eight years ago.
Premiums for the personal injury protection coverage are going up the most. The price of the liability coverage will increase to a lesser extent. The cost of the collision and comprehensive coverages will go up for some and down for others. The comprehensive coverage pays for losses such as those from theft, vandalism, fire, storm damage 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 Maryland is insured by State Farm.
Maria C. Jackson, State Farm Insurance, (301) 313-0597