Boise, Idaho, June 18, 2013 State Farm Mutual Automobile Insurance Company, the largest insurer of autos in Idaho and in the nation, is raising its overall rate level in Idaho an average of 0.9 percent for new and existing business effective August 12.
After this rate change is implemented, State Farms overall rate level in Idaho will be 18 percent lower than it was nine years ago.
Premiums for the liability and comprehensive coverages are going up. While the cost of the collision coverage is decreasing and medical payments coverage remains the same with this rate change. 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 Idaho is insured by State Farm.
|Public Affairs Specialist|
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.