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State Farm raises auto insurance rates as traffic volume picks up


Motorists who have State Farm could see a slight increase in their premiums. The Louisiana Insurance Department has approved a statewide rate increase of four percent. Last June, State Farm lowered rates by an average of 10-percent. So what changed? Insurance Commissioner Jim Donelon says more vehicles on the road…
“Miles Driven is increasing, accidents as a result of greater miles being driven are increasing, claims being filed are increasing as well.”
The adjusted auto rates in Louisiana went into effect on April 5th. Donelon says 9.6 percent decrease in auto insurance rates that State Farm put into place last year is no longer justified as the nation starts to move out of the pandemic. ....

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