Delaware auto insurance rates are going up for State Farm customers in that state. According to Online Auto Insurance News’ John Pirro, “State Farm car insurance rates to rise for Delaware policyholders.” Starting today, rates will be increasing around 1.9% in Delaware. State Farm is the second biggest auto insurance company in Delaware behind Nationwide. Their market share is 22 percent and they say that they’re raising rates so they can keep the financial promises they have made to those customers.
Many factors will determine the amount of individual policyholder increases, including their particular coverage and any discounts they maintain. All liability and personal injury protection coverage will be increasing. Collision and comprehensive costs, however, will be increasing for some but decreasing for others. From 2006 to 2008, PIP claims increased 10% and property liability claims increased 4.5%. State Farm is also raising Michigan and Wisconsin auto insurance rates, while they are decreasing Illinois, Alabama, and Georgia auto insurance rates.