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State Farm reportedly raising rates for Illinois drivers — here's how much

By FOX 32 News
Published  February 27, 2023 4:55pm CST
Cars and Trucks
FOX 32 Chicago

State Farm to raise rates for Illinois drivers next month

State Farm is reportedly raising rates for drivers by 6.5 percent.

CHICAGO - Expect to pay more for your auto insurance.

State Farm is reportedly raising rates for Illinois drivers by 6.5 percent.

According to a filing with the Illinois Department of Insurance, the hike will add about $58 a year for policy holders.

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Last year, State Farm increased annual premiums by about $69.

The Bloomington-based company insures about one in every three Illinois drivers.