Farmers Insurance announced this week that it’s raising it’s rates for auto insurance sharply for divers in Illinois; the rate change which started this month is the biggest price hike that Farmers has hit their Illinois customers with in recent years and although they were reported to have at least four percent of the Illinois car insurance market back in 2010, representatives at Farmers claimed that their increase in rates was due to increased car accidents in the state, higher medical payments and also rising auto repair costs.
Will Farmers Insurance Lose Business?
For those people who have Central Oregon car insurance and have family in Illinois, the question that many people have is will Farmers Insurance do anything to keep their customers after raising their car insurance rates? The answer is yes, spokesmen for the insurer recently stated that they plan on offering discounts on their other insurance policies to longtime Farmers customers but with the average car insurance customer changing car insurance policies every two years, what exactly does it mean to be a long time customer?
Do You Have Affordable Car Insurance?
Many customers of Farmers Insurance stay with the insurer for years because, there’s comfort in the Farmer’s Insurance name but what they don’t know is that by staying with Farmers Insurance they may be wasting hundreds of dollars per year that could be spent elsewhere.
A Trend That Might Spread Across The United States?
Illinois isn’t the only state where Farmers Insurance is raising their auto insurance rates; the trend is continuing in other states as well. If you have Farmers Insurance for your vehicle and are wondering how much money you can save on car insurance per year, contact the Tye Farnsworth Allstate Insurance Agency today at (541) 318-8835 for a free, no hassle car insurance quote.