State Farm Mutual Automobile Insurance Co. announced it will cut its rates in Delaware.

As a result, its overall personal auto rate will drop by 3 percent. The total statewide expected impact for State Farm Mutual by this rate decrease in Delaware will be about $5.6 million.

“The company’s current financial strength is allowing us to pass along a rate reduction to our Delaware customers," said State Farm Senior Vice President Chris Schell. “We continually evaluate how we can best serve our customers and are very pleased to be able to offer this rate decrease in Delaware”.

Overall changes in premiums for individual motorists will vary depending on the specific details of an individual customer’s policy and chosen coverages. The effective date for new and renewal business is Aug. 27. Delaware customers with questions can contact their local State Farm agent to discuss their individual situation.

In addition to this rate reduction, State Farm agents are able to review with new and existing customers the opportunities for additional discounts that may apply to an individual’s unique circumstances.

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