07/31/2025
SETTING THE RECORD STRAIGHT:
We are aware of the misguided media attention that our company has been receiving, due to comments misconstrued by our Illinois administration. Here are some facts:
-We are a MUTUAL company, not owned by shareholders. Our goal is not to turn a profit, rather to make sure we are protecting YOU, in case of the unexpected. This allows us to not be impacted by Wall Street.
-We have had to file a rate increase in Illinois: it’s historic for our company and we all understand how frustrating this is. No one wants to hear why this has to happen and we understand that too so we will keep it basic: payouts, significant rise in material and labor costs, and general inflation.
-Even with our recent rate increase, we have still raised our rates LESS than most of our competitors over the last 3 years.
-GOOD news: most auto rates are DECREASING! For many of our customers, we are able to give them good news that while one is being impacted negatively, the other is positive!
We have a whole team of experts here to help you any time you have a question. We are scheduling policy reviews to go over your personalized protection plans. Give us a call if that works best for you! Thank you for being our customer!
Please see the link below for a more in-depth description of Understanding the Issues in Illinois!
First, thank you for your trust in State Farm®. We understand no one likes to see their insurance rates increase, and we don’t take these decisions lightly. That’s why we want to provide you with some context around our approach in Illinois, where we are decreasing average auto insurance rates,...