State Farm to Cut Auto Rates in Penn.

June 26, 2018

State Farm Mutual Automobile Insurance Company plans to cut its rates in Pennsylvania.

The total state-wide expected impact of this rate change for State Farm Mutual in Pennsylvania is approximately $49.5 million, set to affect approximately 1.7 million policyholders. As a result, State Farm Mutual’s overall personal auto rate will also drop by up to 3%.

Overall changes in premiums for individual motorists will vary depending on the specific details of an individual customer’s policy and chosen coverages. The effective date for new and renewal business is July 15, 2018. Pennsylvania customers with questions can contact their local State Farm agent to discuss their individual situation.

In addition to the rate reduction, State Farm agents are able to review with new and existing customers the opportunities for additional discounts that may apply to an individual’s circumstances.

Source: State Farm Mutual Automobile Insurance Company

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