State Farm Cuts Auto Insurance Rates in Kansas for the Second Time in Two Years

TOPEKA, Kansas, May 9 -- State Farm Companies, an auto, home and individual life insurance provider, issued the following news release:

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- 5.8% total decrease will result in a savings of $20 million statewide

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State Farm Mutual Automobile Insurance Company, the largest auto insurer in Kansas and in the nation, is cutting its rates in Kansas. As a result, its overall personal auto rate will drop by 2.3 percent. The total state-wide expected impact for State Farm Mutual by this rate decrease in Kansas will be approximately $8 million.

Combined with a previous rate decrease in 2018, State Farm Mutual has reduced auto rates in Kansas by 5.8 percent over the last year, bringing the total savings to Kansas drivers to $20 million.

"We're always evaluating how we can best serve our customers and are very pleased to be able to offer this rate decrease in Kansas," said State Farm Senior Vice President Phillip Hawkins. "Improving expenses and losses were important factors, among many, that supported our decision to make this rate change."

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 May 13, 2019. Kansas 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. A rate decrease, combined with discounts, offers exceptional long-term value to State Farm customers.