Wilmington, DE., February 25, 2013 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 3.8 percent. This change will go into effect on February 25, 2013.
Premiums for the liability and personal injury protection coverage are increasing. The cost of the collision and comprehensive coverages will go down for most policies. 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.
As part of this rate change, Delaware 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.
State Farm is the largest insurer of autos in Delaware. More than one in every five cars insured in Delaware 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.