Frederick, Md., March 16, 2012 - 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 0.9 percent effective April 16.
Even after this rate change is implemented, State Farm's overall rate level in Maryland will be 1.1 percent lower than it was eight and a half years ago.
Premiums for the liability and personal injury protection coverages are going up the most. The cost of the 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. The price of the collision coverage will decline for most customers.
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.
Amy Preddy - State Farm Public Affairs (434) 872-5211.
About State Farm®
State Farm and its affiliates are the largest provider of car insurance in the U.S. and is a leading insurer in Canada. In addition to providing auto insurance quotes, their 17,800 agents and more than 65,000 employees serve 81 million policies and accounts - more than 79 million auto, home, life and health policies in the United States and Canada, and nearly 2 million bank accounts. Commercial auto insurance, along with coverage for renters, business owners, boats and motorcycles, is also available. State Farm Mutual Automobile Insurance Company is the parent of the State Farm family of companies. State Farm is ranked No. 43 on the Fortune 500 list of largest companies. For more information, please visit http://www.statefarm.com or in Canada http://www.statefarm.ca.