State Farm Raising Nebraska Auto Insurance Rates

Collision rates for State Farm customers will go down.Some Nebraska drivers may soon be seeing an increase in their auto insurance rates.

Beginning on June 21, drivers that hold policies with State Farm Mutual Automobile Insurance will see a rise in the cost of their premiums. The average rate increase will be 2.8 percent. State Farm is one of the largest insurers of vehicles in Nebraska, providing coverage for close to 25 percent of the state’s cars.

Changes in insurance rates will vary among customers. However, for most of them the costs associated with comprehensive and liability coverage will increase while collision will decrease. Medical coverage will only go up for some.

State Farm said that even after the price increase is implemented later this month, the state’s rates overall will still be 10.5 percent less than were reported six and a half years prior. The insurance company said that rate changes will be based upon discounts, type of coverage, how much the vehicle is driven, the type of car, the driver, and location.

If consumers are unhappy with the price increase, the option to compare auto insurance quotes online may help locate an insurer with a lower premium.

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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