State Farm policyholders in Texas to save up to $35 on car insurance |

State Farm policyholders in Texas to save up to $35 on car insurance

Richard Laycock 3 May 2018 NEWS

Auto insurance customers in Arizona, Illinois, Ohio and Oregon may also save.

In what will be welcome news for Texas’ State Farm customers, the insurance giant announced it will be decreasing car insurance rates by 3% across the board, saving its three million Texan customers a collective $100 million. The savings, which come into effect in May, will save the average policyholder $35 annually on their car insurance.

The discounted rates will affect new, returning and renewing customers and, according to State Farm senior vice president Phillip Hawkins, are the result of “the company’s financial strength.”

“We continually evaluate how we can best serve the long-term interests of our customers. In this case, as conditions have allowed, we are very pleased to offer this rate decrease in Texas,” a State Farm spokesperson said.

While the $35 saving is specific to Texas, it’s not just Texans catching a break. A State Farm spokesperson said that due to the propriety nature of the information they couldn’t speak to future rate adjustments in other states. However, he confirmed that similar announcements were made in Arizona, Illinois, Ohio and Oregon.

The announcement comes in the wake of a recent JD Power survey, where the company scored a below average score for customer satisfaction. The company joined other insurance powerhouses including Allstate in the bottom half of the list, reinforcing the old adage that bigger is not always better.

The study found that in terms of market share, 72% of all policies in the United States were written by 10 auto insurers. However, not one of those companies made the top three in regards to satisfaction. If you’re interested to see how your insurer compares, finder created its own ranking for the best 15 car insurance companies of 2018.

Latest news headlines

Picture: Shutterstock

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site