Auto Insurance Co. Continues to Drop Rates in West Virginia

Blue sedanAuto insurance rates are continuing their downward trend for some West Virginia motorists.State Farm Mutual Automobile Insurance rates will soon be 17 percent lower than they were five years ago, reports the Insurance Journal.

The auto insurance company is continuing to lower their rates by shaving off another 0.2 percent at the end of August.

Roughly 25 percent of motorists in the state get their auto insurance through State Farm Mutual.

West Virginia was ranked as having the 18th highest average auto insurance expenditure nationwide in 2007, according to the National Association of Insurance Commissioners. The average expenditure for West Virginians was $819, while the national average was slightly lower that year at $795.

A variety of factors are used to determine rates for auto insurance policyholders. The type of car, location and amount of coverage being purchased will make premium rates vary. State Farm Mutual offers discounts for vehicles equipped with anti-theft devices and having multiple vehicles.

About John Pirro
John Pirro is a licensed fire and casualty insurance agent specializing in various aspects of the auto insurance industry. He worked in the auto body repair industry before taking a reporting position at Online Auto Insurance News.

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