Ratewatch: State Farm Auto Rates Go Up in Tennessee

It was announced last week that State Farm Mutual Automobile Insurance Co, Tennessee’s largest private passenger car insurance company, will be raising its overall rate level in that state by an average of 0.4 percent.

The new rates will go into effect on February 21, 2011.

After the increase, State Farm says, their overall rate level in the state of Tennessee will still be 6.9 percent lower than the overall rate in that state eight and half years ago.

State Farm insures roughly one in every four cars – or about 25% – of the automobiles registered to Tennessee drivers.

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