State Farm Mutual Automobile Insurance Co. said Monday it will lower its average auto insurance rates for its Utah customers by 4.9 percent effective Dec. 15.
But the savings won't be across the board, and rates could even rise for some individual policyholders who have had accidents or citations.State Farm said that with the latest reduction, it has lowered its average insurance rates for Utah customers a total of 16.2 percent since January 1998.
The company also said it has returned some $20 million in dividends to Utah customers over the past 24 months.
State Farm said the rate cut coming next month will collectively represent annual savings of $8.2 million for the company's Utah policyholders.
The latest reduction means that premiums for comprehensive, collision and uninsured motorist coverage will go down for most State Farm customers. Prices paid for liability and personal injury protection will go up for some and down for others, the company said.
"Overall premium changes for individual customers will vary depending on factors such as the coverages they carry, where they live, the kind of car insured, who drives the car and how much it is driven," State Farm said in a prepared statement.
State Farm spokeswoman Jennifer Brown said whether or not a motorist's rates go up depends on their driving record -- accidents and citations. But overall, she said, any rise in liability and personal injury rates should be offset by the reduced rates for comprehensive (theft, vandalism, fire, storm and glass breakage) collision and uninsured motorist coverage.