State Farm® Increases Colorado Auto Insurance Rates
Greeley, CO (February 27, 2015) – State Farm Mutual Automobile Insurance Company, the largest insurer of autos in Colorado and in the nation, is raising its overall rate level in Colorado an average of 4.1% effective March 23.
After this rate change is implemented, the overall rate level of State Farm in Colorado will be 5.5% lower than it was ten years ago.
Premiums for the liability and comprehensive coverages are going up. 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 Colorado is insured by State Farm.
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About State Farm®
The mission of State Farm is to help people manage the risks of everyday life, recover from the unexpected, and realize their dreams. State Farm and its affiliates are the largest providers of auto, home and individual life insurance in the United States. Its 18,000 agents and more than 65,000 employees serve more than 82 million policies and accounts – nearly 80 million auto, home, life, health and commercial policies, and nearly 2 million bank accounts. Commercial auto insurance, along with coverage for renters, business owners, boats and motorcycles, is available. State Farm Mutual Automobile Insurance Company is the parent of the State Farm family of companies. State Farm is ranked No. 41 on the 2015 Fortune 500 list of largest companies. For more information, please visit http://www.statefarm.com.