State Farm Mutual Automobile Insurance Co. announced it is cutting its rates in Ohio for the second year in a row.
The overall personal auto rate in the state is dropping by 3.7 percent, effective Feb. 18. The total state-wide expected impact for State Farm Mutual by this rate decrease in Ohio will be approximately $45 million.
The last rate change in Ohio was a decrease of 2.9 percent in May 2018. Combined, the two auto rate decreases will save Ohio customers $80 million.
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. 18, 2019. Ohio customers with questions can contact their local State Farm agent to discuss their individual situation.
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
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