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State Farm to raise auto rates

3 years 5 months 4 days ago January 17, 2014 Jan 17, 2014 Friday, January 17 2014 January 17, 2014 6:34 PM in News
Source: Associated Press
By: Michael Marsh

BATON ROUGE- State Farm Insurance is raising auto insurance rates in Louisiana on average $35 per year, depending on coverage.

State Farm insures one in three cars in Louisiana and  Insurance Commissioner Jim Donelon agreed to the rate increase.

The increases will average 3.4 percent starting February 17 for liability, collision and comprehensive coverage.

State Farm says the increases will depend on the type of coverage, individual discounts, the kind of vehicle insured, the hometown of the driver and other factors.

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