State Farm Adjusts Ohio Auto Rates
NEWARK, Ohio, June 1 State Farm Mutual Automobile
Insurance Company, the largest auto insurer in the state and in the nation, is
raising its overall insurance rates in the state an average of 3.8 percent
effective July 1.
The last change was last year when overall rates were lowered 4.9 percent.
In addition, dividends totaling $46.1 million were declared last June for the
company's Ohio customers.
Many customers will see their premiums for bodily injury/property damage
coverage and medical payments coverage go up, while premiums for comprehensive
and collision coverages will go up for some and down for others. Comprehensive
coverage pays for losses such as those from theft, vandalism, fire, storm
damage and glass breakage.
Overall premium changes for individual motorists will vary, depending on
factors such as coverages they carry, where they live, the kind of car
insured, who drives the car and how much it is driven.
State Farm insures about one of every five insured cars on the road in
Ohio.
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