State Farm announced that based on current trends, it is working to reduce auto insurance rates in every state. The national average for those rate reductions is 11%, saving customers a total of approximately $2.2 billion.
The rate reductions are in addition to its Good Neighbor Relief Program that State Farm previously announced would provide up to a $2 billion dividend, flexible customer payment options and philanthropic relief. Together, State Farm auto customers should see about $4.2 billion in savings.
“Current State Farm driving data and claims experience show a considerable decline in miles driven and fewer accidents,” said State