Frederick, Md., Jan. 27, 2012 - To ensure it can continue to fulfill the promises it has made to its customers, State Farm Mutual Automobile Insurance Company, the largest insurer of autos in Delaware and in the nation, is raising its overall rate level in Delaware an average of 1.9 percent effective Feb. 27.
Premiums for the liability and personal injury protection coverage 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
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 Delaware is insured by State Farm.
Amy Preddy, State Farm Insurance, (434) 872-5211
State Farm insures more cars and homes than any other insurer in the U.S., is the leading insurer of watercraft and is also a leading insurer in Canada. State Farm's 17,700 agents and more than 67,000 employees serve 81 million policies and accounts - almost 79 million auto, fire, life and health policies in the United States and Canada, and nearly 2 million bank accounts. State Farm Mutual Automobile Insurance Company is the parent of the State Farm family of companies. State Farm is ranked No. 34 on the Fortune 500 list of largest companies. For more information, please visit statefarm.com® or in Canada statefarm.ca®.