State Farm auto insurance rates rise as Allstate reins them in

State Farm auto insurance rates - Person with car key

The Bloomington-based insurer is raising premiums for drivers in at least 5 major states. State Farm auto insurance rates will be on the increase as the insurer begins to withdraw some of the considerable price cuts it put into place last summer. The insurance company slashed premiums for drivers during the pandemic to reflect reduced driving. In fact, the decreased State Farm auto insurance rates were the first among the major vehicle insurers to make the nationwide cuts. The company reduced premiums by an average of 11 percent across the…

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