Driving trends result in insurance rate reduction that will save Illinois customers $320 million
Driving behaviors across the country continue to evolve during the COVID-19 pandemic. Based on current trends, State Farm® is working to reduce auto insurance rates in Illinois by 13.7%. This rate reduction will save 2.8 million State Farm customers a total of $320 million. This applies to current customers at policy renewal, as well as new and returning customers.
“Current State Farm driving data and claims experience show a considerable decline in miles driven and fewer accidents,” said State Farm Senior Vice President Rob Stewart. “As a result, we’re looking for ways to continue supporting our Illinois customers while we monitor and adjust to trends.”
In addition to this auto rate reduction, the discount for participating in Drive Safe & Save™ is increasing to 10%, and empowers drivers to save more on their auto premiums through driving behaviors.
Customer rate reductions will vary based on their individual renewals. Customers are encouraged to visit with their State Farm agent about individual policies, coverage, and any opportunities for discounts, including Drive Safe & Save.
