State Farm Mutual Automobile Insurance Company will cut its rates in Virginia for the second time in two years. As a result, its overall personal auto rate will drop by 4.9 percent. The total state-wide expected impact for State Farm Mutual by this rate decrease in Virginia will be approximately $39 million.
The last overall rate change in Virginia was a decrease of 2.9 percent in June of 2018. Combined, the two auto rate decreases save Virginia customers $63 million.
