State Farm Mutual Automobile Insurance Co. announced it is cutting its overall personal auto insurance rate will drop by 3.5 percent in Michigan.
The total state-wide expected impact for State Farm Mutual by this rate decrease in Michigan will be a savings of approximately $48.4 million, the insurer said.
Overall changes in premiums for individual motorists will vary depending on the specific details of an individual customer’s policy and chosen coverage. The effective date for new and renewal business is March 25.
In addition to this rate reduction, State Farm agents are able to review with new and existing customers the many opportunities for additional discounts that may apply to an individual’s unique circumstances.
Source: State Farm
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