State Farm, Illinois’ biggest car insurer, plans to raise its auto rates in the state by an average of 2.3 percent starting May 26, according to a filing.
“Auto insurance rates in Illinois were adjusted to better reflect changing claims costs,” namely a rise in car repair costs, said Missy Dundov, spokeswoman for the Bloomington-based home and auto insurer.
The exact price change will depend on the coverages that policyholders have, where they live, what kind of car they drive, how the car is used, and who drives it, she said.
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Separately, on Tuesday, rival Allstate Corp. disclosed in its first-quarter results that Allstate-branded auto policies were approved for price increases in 19 states by an average of 2.5 percent.