Kalamazoo, Mich., December 3, 2012 – State Farm Mutual Automobile Insurance Company, the second-largest insurer of autos in Michigan and the largest in the nation, is raising its overall auto rate level in Michigan an average of 2.8 percent effective December 3.
Premiums for the mandatory coverages are going up. The overall cost of the collision, comprehensive, and limited property damage coverages remain stable. The comprehensive coverage pays for losses from such perils as theft, storm damage, fire, vandalism 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. One way Michigan drivers may be able to save on their auto insurance is through State Farm's Drive Safe & Safe™ program. For more information, contact your State Farm agent or visit www.statefarm.com .About one in every five cars insured in Michigan is insured by State Farm.
Angie Rinock, State Farm Public Affairs, (269) 384-8561
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.