State Farm Cites Smart Cars for Rate Spikes

Order Reprints

Dec. 29, 2016—According to a recent Chicago Tribune article, State Farm is blaming smart-car technology for its recent 5.9 percent increase in Illinois for auto insurance rates.

The rate increase is the biggest since 2003, when State Farm increased rates for some policyholders in Illinois by more than 14 percent. State Farm also pointed to trends such as distracted driving as also contributing to the rate increase.

Allstate also increased Illinois auto insurance rates, by an average of 6.9 percent, in June.

Recommended Products

2015 FenderBender How I Work Survey: Complete Report

2013 How I Work Survey: Complete Report

2013 FenderBender KPI Survey: Complete Report

Related Articles

State Farm Requires I-CAR-Approved Steel, Aluminum Welding Techs

Ga. Woman Wins State Farm Bad Faith Case

Three Wis. Body Shops Sue State Farm over Labor Rate Cuts

You must login or register in order to post a comment.