Lexington, Ky., March 18, 2011 - State Farm Mutual Automobile Insurance Company, the largest insurer of autos in Kentucky and in the nation, has raised its overall private passenger rate level in Kentucky an average of 6.2 percent effective April 18.
Premiums for personal injury protection coverage are increasing the most. The cost of the liability coverage is also going up. The price of the comprehensive coverage will go down for some and up for others. The comprehensive coverage pays for losses from such perils as theft, storm damage, fire, vandalism and glass breakage. Premiums for the collision coverage will go down for most customers.
Overall premium changes for individual motorists will vary depending on factors such as the coverages they carry, where they live, the kind of car insured, who drives it and how much it is driven.
Drivers can reduce premiums by increasing deductible(s) and/or qualifying for discounts. State Farm agents can assist customers in determining what options make the most sense.
About one in every five cars insured in Kentucky is insured by State Farm.
Lisa Ripley, State Farm Insurance, (859) 282-5121