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State Farm raising Nebraska auto rates

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By The Lincoln Journal Star

Monday, Nov 17, 2008 - 11:20:39 am CST

State Farm Mutual Automobile Insurance Company, the largest insurer of autos in Nebraska and in the nation, said it is raising its ratesin Nebraska an average of 2.3 percent effective Dec. 15.

Even after the rate change, State Farm’s overall rate level in Nebraska will be 14.3 percent lower than it was five years ago, the company said.

The cost of liability, medical payments and comprehensive coverages are all increasing, State Farm said, but the price of collision coverage remains unchanged.

Premium changes for individual motorists will vary depending on 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, the insurer said.


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policyholder wrote on November 17, 2008 11:36 am:
" I have State Farm and the service is worth every penny! "

 think again wrote on November 17, 2008 11:49 am:
" Looks like I'll be shopping around. This is garbage. If one company sees a reason to raise premiums, you would think they all would. NOPE, just State Farm. So much the "Good Neighbor" stuff. "

 rumble grumble gurgle roar wrote on November 17, 2008 12:20 pm:
" say what you want think again. I'm a state farm loyalist. they have been great to me in the past, and I will continue to get great coverage for a few more dollars. nothing gets cheaper anymore. "

 Another policyholder wrote on November 17, 2008 12:24 pm:
" I'm happy with the service I get through State Farm. Have you ever heard of the saying "you get what you pay for?" Trust me, it's true! I wouldn't have been with this company for 30 years now if I weren't satisfied. "

 Funny wrote on November 17, 2008 12:34 pm:
" the auto insurance in missouri went down about 3% this year. I had state farm auto a few years ago and canceled after refusal by them to pay in full. I have hartford now with full coverage on three cars one of them driven by a teen. I recently priced state farm on my tri-year price search and hartford beat them by $600 yearly. Now they want a raise. Guess the CEO'S need a bonus this year huh? "

 lolly wrote on November 17, 2008 12:52 pm:
" My rates have been increasing the last two months, now they are going to raise them again? They may be losing a 30 year customer. "

 think again... again wrote on November 17, 2008 1:00 pm:
" you're going to shop based on an average 2.3 percent increase? did you know that a filed increase doesn't necessarily mean every policy will increase? you might actually see a premium decrease. if you're that price-sensitive, i'll guarantee you right now that you can find a cheaper rate than state farm. ask any independent agent. i'm not advocating staying with state farm, but at least be an informed shopper. "

 Goodluck wrote on November 17, 2008 1:01 pm:
" Good luck finding someone with as good of coverages as State Farm has. "

 To think again wrote on November 17, 2008 1:23 pm:
" wait til you have to get service from some other company. GOOD LUCK "

 have fun wrote on November 17, 2008 1:34 pm:
" have fun shopping, State Farm is the BEST and their premiums will still be the lowest in the state! "

 happy kuhl insurance customer wrote on November 17, 2008 1:36 pm:
" I have insurance through Kuhl Insurance Agency and they do the shopping for you! I pay 1/2 of what i did through my previous agent for the same policy!!! recommened them highly!!! "

 levy wrote on November 17, 2008 1:53 pm:
" State Farm insures about half the cars in Omaha. Any guess what the payout lookied like after the June 27th storm blew through? I got paid quickly for that and all the damage to my house. Besides, the premiums are only keeping pace with the rate of inflation. "

 state farm wrote on November 17, 2008 2:17 pm:
" I've been a state farm customer for almost 20 years (homeowners, car, and motorcycle). In that time, I have had virtually every kind of claim (except car theft) and they have stood there beside me. Nobody wants an increase but 2.3% is very low. I'll just accept the $3/month I'll pay extra on my 3 vehicles in exchange for the piece of mind of knowing I can call my agent at 2am in the morning and she will be there to reassure me. If you want to shop around - it's certainly a good idea to check around on occasion. I still check occasionally but I can't seem to get anything comparable. State Farm has been good to me. They seem to be one of the few people I can depend on. "

 SF Insured wrote on November 17, 2008 2:44 pm:
" Good luck with another company. I've been with Gale Breed's office for over 20 years and I wouldn't ever think of switching from them. They are always helpful even on the weekends, and I'm talking about someone from their office not a claim person. Try getting that from Geico or Progressive. State Farm is the best!!! "

 dang it dang it wrote on November 17, 2008 2:55 pm:
" another thing I have to budget it for...when is it going to STOP. State Farm I know for a FACT you give bonuses, fancy incentives etc. Can that stop??? "

 POLICYHOLDER wrote on November 17, 2008 3:48 pm:
" Look out for companies that give you a lower rate. Your premiums will jump big time for the first claim or better yet you may be canceled. State Farm has the best coverage for the best price. You get what you pay for. State Farm agents are hometown people and will be there to fight for you and that is something you can't get from other companies that only give you the bare bones coverage and service. "

 why wrote on November 17, 2008 4:13 pm:
" Maybe someone from the insurance industry can fill me in. Why is this a news story? Businesses raise their prices all the time. 2.3% is actually quite reasonable given annual inflation rates. "

 State Farm Employee wrote on November 17, 2008 4:30 pm:
" Did you know, Geico and progressive are catching SF in policy holders? SF had a big, I mean real big lead, but it's sliping. SF hasn't stayed true. I work there and I don't have SF because they are to expensive! "

 Randy wrote on November 17, 2008 4:49 pm:
" This is kinda strange,State Farm could not touch my rates with progressive.And.........To top it off 2 weeks my policy renewed and went down lots due to a decrease.I think somebody is being mislead holding State Farm Insurance when the folks from progressive told me Nebraska rates went down.Hop online and go to progressive and get a price quote its free,I did 2 years ago and they beat Nationwide which is associated with Allied by 40% needless to say the least the jerk i had as my independent agent,elimate agents and look for yourself Good luck "

 jam wrote on November 17, 2008 5:00 pm:
" For those of you who want to leave State Farm more power to you, I work for another insurance company and have State Farm Insurance but I have one question for you people that want to leave... Didn't you get a premium check from State Farm about a year or two ago? and didn't hear you complain than? All I know is you can go to these other companys but you are not going to get what you pay for, have you ever had an accident where you injured someone badly or even killed someone. Believe me the other insurance companys run.. this happens they don't have the legal people to help you through this type of situation, they will leave you hanging in the air to fend for yourself. Also do any of you remember the Tornado that distroyed Hallam? Yea who had checks in their hands first so that they could survive that terrible outcome. State Farm Policyholders. "

 USAA is the best wrote on November 17, 2008 5:50 pm:
" If you are military or military family, USAA is available to you. We had State Farm and switched to USAA and it beats it hands down. When companies call to compete and we tell them we have USAA they hang up. USAA blows every company out of the water in every category! "

 acminnesota wrote on November 17, 2008 6:23 pm:
" dang it, I wonder how a State Farm employee goes about getting one of those bonuses!!!! My husband worked for them 44 years, myself, 13, and other family members also. None of us have EVER seen a bonus. Better get your information straight. "

 whatever wrote on November 17, 2008 7:17 pm:
" I've done business with probably 20 insurance companies in my lifetime. State Farm is far and away the best company I have dealt with. An outstanding company in a land of mediocrity. "

 Pumpers wrote on November 17, 2008 8:16 pm:
" How many of these responses are from agents or employees of insurance companies. I suspect 90% are either pumpers of their company or negative of their competion. "

 Ryan wrote on November 17, 2008 8:59 pm:
" The reason you get a check from State Farm is because when you have a policy, you "own" a share. It's called a dividend check. It's not a refund, it's just means State Farm made money. "

 Jan wrote on November 17, 2008 9:54 pm:
" I've had State Farm Insurance for 37 years. I'm shopping. I just filed my first claim and was treated like I was at fault - Hello - unoccupied vehicle hit in a parking lot. There are Triple A agents who write the business. Oh - and by the way - with no concern about those "chargeable" claims - won't taks us long - good bye! "

 State Farm wrote on November 18, 2008 6:51 am:
" I used to have progressive but after one claim I spent a little more money and went to State Farm. I have had two claims with State Farm and have no plans on shopping for insurance, I'm happy with what I have. "

 jo wrote on November 18, 2008 7:36 am:
" looks like several state farm agents are making posts. to say stuff like state farm is "worth every penny" & i am a "state farm loyalist"is laughable. i had a tree limb fall on my car and they raised my rates because it was over 1200 (needed to be under 1200) bucks calling it a collision. i have used them for 20 years and have never filed 1 claim and when i needed them they upped my rates. i will be looking elsewhere & there are plenty of insurance companies to choose from, & don't wish me luck, i don't need it! "

 Good Neighbor..yeah right wrote on November 18, 2008 8:11 am:
" For those of you supporting State Farm, I hope you never have an accident with someone insured by State Farm. I have been trying to receive FAIR compensation (money I lost from not being able to work for 5 weeks) from an accident (which was NO FAULT of mine) for over 4 years now. GOOD LUCK to those of you who think State Farm is all that! "

 Just getting by wrote on November 18, 2008 8:14 am:
" With all of the other things I have to pay for living in the city of Lincoln I wish I could afford insurance. "

 Sean wrote on November 18, 2008 8:19 am:
" We ditched State Farm this summer after getting the run around on coverage after all the severe storms that we had damage. They would say things were not covered because of this and that but if it would have happened this way then it would have been. After years of fighting for coverage we took multiple policies away to a better and cheaper agency. You aren't stuck, look around there are better deals and better coverage! "

 J wrote on November 18, 2008 9:19 am:
" You know..I have home,business,liability and numerous cars all with State farm...over 40 years. The kids years ago totaled a couple cars no increase. I've had corvettes, porsches, bmws and many other hard to insure cars..no problem with State farm..+ my rates are a bargain and my agent is the best..I've shopped around but no one comes close to their rates and service..nuf said. "

 2.3 vs the tax argument wrote on November 18, 2008 10:08 am:
" Many of you compalining about a 2.3% average increase are also the first people to say that the government should be raising your own taxes on any number of things because the government needs more of our money. Now I will use your argument that I can afford an extra 2 bucks a month. The one difference is that in this equation, you actually get a great service for your money so no complaint here. State Farm has been our insurance carrier for over a decade, we have had claims, and they have always been fair. Not the case with our prior (Allied) or other party's insurance (American Family). "

 stfrmlvr wrote on November 18, 2008 10:27 am:
" I have the most wonderfull agent in Sidney, he has been there to see me through everything! Not to mention all of the discounts that i get just bieng with State Farm. If you are not getting any now, you could get the same if not better coverage with the best service there is! A measley rate increase is not going to phase me! I will get discounts of of the new rate! "

 Duh wrote on November 18, 2008 1:09 pm:
" Some of you might not be paying so much if you didn't have so many claims! You can't help if the weather damages your house. But slow down and maybe pay more attention when you're driving to those with multiple claims on their auto insurance. "

 To Each his own wrote on November 18, 2008 3:17 pm:
" I love state farm.. Have had them for 11 years!!!! They've stood behind me when my car was broken into. for the two windsheilds i've needed to replace.. the stood behind me and went after the 'other' company when i was rear ended and had to under go major back surgery!!! I agree with, you pay for what you get.. different companies have different perks.. find the one you like and go with it, but don't bad mouth something you MAY no nothing about !!!! "

 george wrote on November 18, 2008 6:39 pm:
" State Farm probably need the extra money to pay all of their court costs. Their home state even sued them. "

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