Greeley, Colo., March 22, 2012 - State Farm Fire and Casualty Company, the largest insurer of homes in Colorado, is increasing its overall homeowners rate level in the state an average of 8%. The rate change will be reflected in renewals for existing customers after June 1, 2012, and take effect April 15, 2012, for all new business.
Due to loss trends, the company is adjusting rates in Colorado to manage projected future losses for homeowners, renters and condos.
Angela M. Thorpe, Media Relations, (303) 264-1560
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.