State Farm® Adjusts Wisconsin Auto Insurance Rates
Lincoln, NE (April 10, 2015) – State Farm Mutual Automobile Insurance Company, the largest insurer of autos in the nation, is raising its overall rate level in Wisconsin an average of 2.5% effective April 27, 2015.
After this rate change is implemented, the overall rate level of State Farm in Wisconsin will be 5.8% lower than it was 10 years ago.
Premiums for liability, medical payments, and collision coverages are going up. Premiums for comprehensive coverage are going down 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 seven cars insured in Wisconsin is insured by State Farm.