State Farm Mutual Automobile Insurance Co. announced it is cutting its overall personal auto insurance rate will drop by 3.5 percent in Michigan.
The total state-wide expected impact for State Farm Mutual by this rate decrease in Michigan will be a savings of approximately $48.4 million, the insurer said.
Overall changes in premiums for individual motorists will vary depending on the specific details of an individual customer’s policy and chosen coverage. The effective date for new and renewal business is March 25.
In addition to this rate reduction, State Farm agents are able to review with new and existing customers the many opportunities for additional discounts that may apply to an individual’s unique circumstances.
Source: State Farm
Topics Auto Michigan State Farm
Was this article valuable?
Here are more articles you may enjoy.
A 10-Year Wait for Autonomous Vehicles to Impact Insurers, Says Fitch 
BMW Recalls Hundreds of Thousands of Cars Over Fire Risk 
Nine-Month 2025 Results Show P/C Underwriting Gain Skyrocketed 
Trump’s Repeal of Climate Rule Opens a ‘New Front’ for Litigation 
