Driving Trends Result in Insurance Rate Reduction for 45,700 customers
Vermont Business Magazine Driving behaviors across the country continue to evolve during the COVID-19 pandemic. Based on current trends, State Farm® is working to reduce auto insurance rates in Vermont by 14.3%. This rate reduction will save 45,700 State Farm customers in Vermont a total of $4.2 million. This applies to current customers at policy renewal, as well as new and returning customers.
“Current State Farm driving data and claims experience show a considerable decline in miles driven and fewer accidents,” said Matt Hodson, Vice President – Agency/Sales. “As a result, we’re looking for ways to continue supporting our Connecticut customers while we monitor and adjust to trends.”
In addition to the auto rate reduction, the discount for participating in Drive Safe & Save™ is increasing to 10%, and empowers drivers to save more on their auto premiums through driving behaviors.
Customer rate reductions will vary based on their individual renewals. Customers are encouraged to visit with their State Farm agent about individual policies, coverage and any opportunities for discounts, including Drive Safe & Save.
Source: State Farm 8.7.2020