BRIEF: State Farm lowers auto rates in West Virginia
Register-Herald (Beckley, WV)
July 26--State Farm Mutual Automobile Insurance Company has announced it will cut its rates in West Virginia, bringing overall personal auto rates down by 2.9 percent.
The total statewide expected impact, according to State Farm Mutual, will be approximately $9.1 million.
"The company's current financial strength is allowing us to pass along a rate reduction to our West Virginia customers," said Chris Schell, State Farm Senior Vice President. "We continually evaluate how we can best serve our customers and are very pleased to be able to offer this rate decrease in West Virginia".
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 Aug. 20. West Virginia customers with questions can contact their local State Farm agent to discuss their individual situation.
UFG Insurance Launches ProSeries Insurance Products for Small Businesses
Use Online Quotes And Find The Best Car Insurance Policy
Advisor News
- A rising retirement challenge: The license to spend
- Financial stress leaves less room for retirement saving
- Giving while you’re living: 3 frequently asked questions about gifting
- Helping clients prepare for one of their biggest retirement expenses
- Important year-end financial conversations every advisor must have
More Advisor NewsAnnuity News
- A rising retirement challenge: The license to spend
- What lower interest rates mean to annuity payouts
- AM Best downgrades A-Cap insurers amid financial and regulatory troubles
- Lawsuit claims Delaware Life hid billions in insurer-linked investments
- AM Best to Deliver Presentation at 2026 ACLI Annual Conference
More Annuity NewsHealth/Employee Benefits News
Life Insurance News