State Farm Insurance Cost Increase. California drivers who use state farm for their auto insurance coverage are facing a premium increase of $263.7 million, the largest total amount approved since. State farm also received approval for more rate hikes, 17 in total, with increases soon to happen in kentucky, north carolina and south carolina.
Most insurance companies look at a number of key factors to calculate how much you’ll end up paying for your car insurance. State farm is slightly more expensive on average than nationwide for drivers of all ages, with nationwideโs sample rates for teenage, young adult, adult, and.