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State Farm plans to cut auto insurance rates by more than 13% – delawarebusinessnow.com

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Based on current trends, State Farm is working to reduce auto insurance rates in Delaware by 13.4 percent.

State Farm is listed as the state’s largest auto insurer, with Geico and Nationwide in second and third place.

This rate reduction will save 200,000 State Farm customers in Delaware a total of $28.7 million. This applies to current customers at policy renewal, as well as new and returning customers.

“Current State Farm driving data and claims experience show a considerable decline in miles driven and fewer accidents,” said Glenda Beach, vice president – agency/sales. “As a result, we’re looking for ways to continue supporting our Delaware customers while we monitor and adjust to trends.”

In addition to the auto rate reduction, the discount for participating in Drive Safe & Save is increasing to 10 percent and gives drivers the opportunity to save more on their auto premiums through driving more careful driving.

Customer rate reductions will vary based on their individual renewals. Customers are encouraged to visit with their State Farm agent about individual policies, coverage and any opportunities for discounts.



Read More: https://delawarebusinessnow.com/2020/08/state-farm-plans-to-cut-auto-insurance-rates-by-more-than-13/

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Source: https://delawarebusinessnow.com/2020/08/state-farm-plans-to-cut-auto-insurance-rates-by-more-than-13/

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