State Farm raising auto rates in Nebraska
digg it!
Facebook
del.icio.us
Seed Newsvine
Fark It
Reddit
By The Lincoln Journal Star
State Farm Mutual Automobile Insurance Company, the largest insurer of autos in Nebraska and in the nation, is raising its overall rate level in Nebraska an average of 2.6 percent effective Monday. .
Even after this rate change is implemented, State Farm’s overall rate level in Nebraska will be 16.3 percent lower than it was five years ago, the company said.
“At a time when it seems as though prices are going up every day, State Farm is pleased that its auto insurance rates in Nebraska are so much lower now than they were five years ago,” said Terry Barton, vice president for Nebraska.
The cost of medical payments coverages is increasing the most, State Farrm said, and premiums for liability and comprehensive coverages are going up to a lesser extent. The comprehensive coverage pays for losses from such perils as theft, storm damage, fire, vandalism and glass breakage. The price of the collision coverage will go up for some customers and down for others, the company said.
Overall premium changes for individual motorists will vary depending on factors such as the coverages they carry, the discounts for which they qualify, where they live, the kind of car insured, who drives it and how much it is driven.
About one in every four cars insured in Nebraska is insured by State Farm.
Post Your Comment
Standards and RulesYour posted comment will appear after it has been approved.
Frequently asked questions about story commenting.