MORRIS PLAINS, NJ - As driving behaviors evolve during the COVID-19 pandemic, State Farm continues to identify ways to support customers. Based on current trends, State Farm is working to reduce auto rates in every state. The national average for those rate reductions is 11%, saving customers a total of approximately $2.2 billion. Rate changes in some states are subject to regulatory approval and customer rate reductions will vary based on their individual renewals.
“Once again, I am so proud to stand with State Farm; a company that truly cares about its policyholders in the way we pass along our savings to our customers", said local State Farm Agent Teri DiGrande. "Our Good Neighbor philosophy has kept us strong for 98 years. We continue to look for ways to serve our customers to help them get through these difficult times.”
These planned rate reductions of approximately $2.2 billion nationally, are in addition to an evolving Good Neighbor Relief Program in which State Farm previously announced up to a $2 billion dividend, flexible customer payment options and philanthropic relief. Together, State Farm auto customers should see about $4.2 billion in savings.
“Current State Farm driving data and claims experience show a considerable decline in miles driven and fewer accidents,” said State Farm Senior Vice President Kristyn Cook-Turner. “As a result, we’re looking for ways to continue supporting our customers while we monitor and adjust to trends.”
Customers can experience additional savings by signing up for Drive Safe & Save™, which includes a premium discount for participation. Those who have questions about coverage, policies and other discount opportunities can call Teri Digrande at 973-285-5558.
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