May 10, 2019—State Farm will cut auto insurance rates in Delaware for the second year in a row, according to a report by Delaware Business Now.
The overall personal auto rate will drop by a reported 5.1 percent. Statewide, customers of the state’s largest insurer will realize total savings of approximately $9.3 million, a release stated.
The effective date for new and renewal business is May 13. The last rate change in Delaware was a decrease of 3 percent in July 2018. Combined, the two auto rate decreases will save Delaware customers some $15 million according to the company.
