Washington, D.C., February 25, 2013 State Farm Mutual Automobile Insurance Company, the largest insurer of autos in the nation, is decreasing its overall rate level in Washington, D.C., an average of 0.3 percent effective February 25, 2013. This represents an annual savings of $134,000 to the company's D.C. customers.
After this rate change is implemented, State Farm's overall rate level in Washington, D.C., will be 2.7 percent lower than it was 10 years ago.
Premiums for the liability coverage will go up for most customers. The cost of the collision and comprehensive coverages will go down for most customers. 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, the kind of car insured, who drives it and how much it is driven.
As part of this rate change, D.C. policyholders may be able to exercise even more control over how much they can save on their auto insurance with our Drive Safe and Save® program.
About one in every five cars insured in D.C. is insured by State Farm.
Anna Bryant, (202) 263-4404
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.