Denver, Colo., November 19, 2012 – State Farm Mutual Automobile Insurance Company, the largest insurer of autos in Colorado and in the nation, is raising its overall rate level in the state an average of 1.1 percent effective December 17.
After this rate change is implemented, State Farm's overall rate level in Colorado will be 4.5 percent lower than it was six years ago. Premiums for the liability and collision coverages are decreasing, while medical payments and comprehensive coverages are going up. As part of this rate change, Colorado policyholders may be able to exercise even more control over how much they can save on their auto insurance with the Drive Safe and Save™ program.
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 Colorado is insured by State Farm.
Angela M. Thorpe, Media Relations, (303) 264-1560.
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.
