State Farm to Cut Auto Insurance Rates in Missouri

State Farm Mutual Automobile Insurance Co. plans to lower auto insurance rates rates in Missouri by 3 percent overall.

The company said the total statewide savings for all State Farm customers affected by this rate decrease in Missouri will be approximately $26 million.

Overall changes in premiums for individual motorists will vary depending on the specific details of an individual customer’s policy and chosen coverages. The average Missouri customer savings will be approximately $26 per year.

The effective date for new and renewal business is July 9, 2018.

Source: State Farm