Wednesday, July 14, 2010

Citing higher medical costs, State Farm to raise auto insurance rates by an average 2 percent

Stutz:
AUSTIN – State Farm is raising auto insurance rates an average 2 percent next month for the nearly 3 million drivers it insures in Texas, citing rising medical costs as the primary factor.
The company's largest auto insurance subsidiary, State Farm Mutual, has notified the Texas Department of Insurance that the rate hike will be effective on renewals and new customers as of Aug. 16.
http://dallasne.ws/9hB9M2

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