Bedford, N.H., Aug. 5, 2011 - State Farm Mutual Automobile Insurance Company, the largest insurer of autos in New Hampshire and the nation, is raising its overall rate level in that state an average of 2.3 percent effective August 29.
Even after this rate change is implemented, State Farm's overall rates in New Hampshire will be 12.2 percent lower than they were seven and a half years ago.
Premiums for the liability premiums are increasing. The cost of the 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. The price of the medical payments coverage is decreasing.
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 eight cars insured in New Hampshire is insured by State Farm.
