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Calling All New Parents, Farmers Insurance is Offering a First: A Discount on Auto Insurance.


LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850.  -- Farmers Insurance Group of Companies, which includes the nation's third-largest insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual.

An insurer is frequently an insurance company and is also known as an underwriter.
 of autos and homes, is proud to announce a special discount program for new parents in eight states in America effective immediately.

According to according to
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 Kevin Kelso, president of Farmers Personal Insurance, "Farmers is the first insurer in the country to offer a new parent auto insurance discount." He explained that the discount will be available to all existing Farmers' new parent policyholders as well as new parent customers in Iowa, Colorado, Arizona Arizona (âr'əzō`nə), state in the southwestern United States. It is bordered by Utah (N), New Mexico (E), Mexico (S), and, across the Colorado R., Nevada and California (W). , Indiana Indiana, state, United States
Indiana, midwestern state in the N central United States. It is bordered by Lake Michigan and the state of Michigan (N), Ohio (E), Kentucky, across the Ohio R. (S), and Illinois (W).
, Virginia Virginia, state, United States
Virginia, state of the south-central United States. It is bordered by the Atlantic Ocean (E), North Carolina and Tennessee (S), Kentucky and West Virginia (W), and Maryland and the District of Columbia (N and NE).
, Idaho, Wisconsin and Minnesota. He noted that Farmers will be offering the discount in 20 more states over the next six months.

"Our research confirms a common observation: as a group, new parents are more careful drivers than other drivers of the same age," explained Kelso. "Given all the costs and challenges new parents face, we're glad to be able to recognize them as a lower risk by offering an auto insurance discount."

"The discount can be as much as 5% and applies to families with children under the age of seven," explained Bill Martin, senior vice president, Farmers Auto Product Management. "A typical family can save $50 to $100 per year in this program."

"For almost 80 years, Farmers Insurance has constantly looked for innovative ways to help our customers manage their budgets better. What better way than to recognize responsible parents who live, work and drive in today's fast paced society," Kelso continued. "Farmers insurance agents throughout the country are available to explain the benefits of the new parent discount policy and look forward to talking with existing and new Farmers customers."

The Farmers Insurance Group[R] of Companies is the nation's third largest insurer of autos and homes and helps to restore the lives of more than 15 million customers when the unexpected happens. Headquartered in Los Angeles, California, Farmers Insurance provides homeowners insurance, auto insurance, business insurance, insurance for recreational products, life insurance and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
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 to more than 10 million households through a vast network of agents and district managers. For more information about Farmers, visit our web site at www.farmers.com
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Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:May 21, 2007
Words:355
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