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State Farm to raise auto rates

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Posted: Jan 17, 2014 7:34 PM by Michael Marsh
Updated: Jan 17, 2014 7:34 PM
Source: Associated Press

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Topics: State Farm Mutual Automobile Insurance, rate increase, Louisiana, Jim Donelon

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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