Indiana Drivers to Benefit From State Farm Auto Rate Cuts

INDIANAPOLIS, Indiana, Feb. 25 -- State Farm Companies, an auto, home and individual life insurance provider, issued the following news release:

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- The 4.6 percent reduction results in a 13 percent decrease since the beginning of 2018.

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State Farm will cut the personal auto rate by 4.6 percent in Indiana. This decrease, added to others since 2018, result in a total 13 percent reduction for Indiana customers. The total statewide expected impact will be approximately $36 million. State Farm is the largest auto insurer in Indiana.

"State Farm is always evaluating how we can best serve our customers. We're very pleased to be able to offer this rate decrease in Indiana," said Rob Stewart, State Farm Senior Vice President. "The company's financial position and current business and economic conditions were among the important factors supporting our decision to make this rate change."

Overall changes in premiums for individual motorists will vary. Rates depend on an individual customer's policy and chosen coverages. The effective date for new and renewal business is Feb. 25, 2019.

Customers can contact their local State Farm agent to discuss their individual situation. Additional opportunities for discounts may apply. A rate decrease, combined with discounts, offers exceptional long-term value to new and existing State Farm customers.