State Farm Raising Auto Insurance Rates in Louisiana

January 21, 2014
Graph

State Farm Mutual Automobile Insurance, which covers about one in every three cars in Louisiana, is raising insurance rates for drivers.

The company announced on Jan. 17 that the increases will average 3.4 percent, starting Feb. 17. Going up will be premiums for liability, collision and comprehensive coverage.

State Farm spokesman Gary Stephenson says the average increase per insurance policy will be about $35 per year.

He says premium changes will depend on the type of coverage, individual discounts, the kind of vehicle insured, the hometown of the driver and other factors.

Commissioner of Insurance Jim Donelon agreed to the rate increase, according to his spokeswoman.

 

Subscribe Insurance news headlines delivered to your email.
Get a free subscription to our popular email newsletter.

Latest Comments

  • January 21, 2014 at 2:16 pm
    Agent says:
    Perhaps they will succeed in running some business off for IA's to pick up like they did in Texas.
See all comments

Add a Comment

Your email address will not be published. Required fields are marked *

*

More News
More News Features