State Farm increase California Auto Insurance prices rose by 6.9 per cent on average
The three million motorists, California State Farm auto insurance to see the average increase of 6.9 per cent on their next renewal of reference, the company announced Friday.
The premium increase, State Farm, the first since 1989, will enter into force on March 15.
The rising costs of car repairs and doctor bills, plus 6 percent, an increase in claims over the year 2001, are the engine of rising interest rates, said Scott Smith, spokesman for State Farm Mutual Automobile Insurance Co. in Costa Mesa.
“Like any other company, if costs rise, we must consider,” he said. Bloomington, Ill.-based State Farm Home Insurance rates increased twice last year
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