State Farm Mutual Automobile Insurance Co. says it is cutting its rates in Missouri. As a result, its overall personal auto rate will drop by 3.9 percent.
The total state-wide expected impact for State Farm Mutual by this rate decrease in Missouri will be approximately $32 million.
Combined with two previous rate decreases in 2018, State Farm has reduced auto rates in Missouri by more than 9 percent over the last year.
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 Feb. 11, 2019.
In addition to this rate reduction, State Farm agents may review with new and existing customers the many opportunities for additional discounts that may apply to an individual’s unique circumstances.
Source: State Farm
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