Farmers Insurance Reduces Auto Rates in Colorado.COLORADO SPRINGS Colorado Springs, city (1990 pop. 281,140), seat of El Paso co., central Colo., on Monument and Fountain creeks, at the foot of Pikes Peak; inc. 1886. It is a year-round resort and a booming military, technological, and commercial city. , Colo.--(BUSINESS WIRE)--April 1, 1998--Farmers Insurance Wednesday announced that it has lowered comprehensive and collision rates for more than 200 auto makes and models in Colorado. The rate decreases range between 5 percent and 13 percent and took effect in March. The 200 makes and models affected include autos in all categories. However, a higher percentage of trucks, family vehicles and sport-utility vehicles sport-u·til·i·ty vehicle n. Abbr. SUV A four-wheel-drive vehicle with a roomy body, designed for off-road travel. are receiving reductions. ``Farmers is pleased to be able to offer these savings to our customers,'' said Don Mealer, regional manager. ``We've experienced lower claims payments for vehicle damage and theft for each of these models for the past several years.'' Collision payments have decreased because of level and sometimes lower costs for replacement parts from many auto manufacturers. In addition, repair costs tend to go up with inflation, and recent low inflation has helped hold repair costs steady. Nationally, auto thefts continue to rise. One vehicle is stolen every 20 seconds in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . To help control costs, Farmers offers discounts to drivers in many states who equip e·quip tr.v. e·quipped, e·quip·ping, e·quips 1. a. To supply with necessities such as tools or provisions. b. their cars with anti-theft devices, and offers its customers a kit that marks auto parts Auto parts are components of automobiles. They mainly are, in alphabetic order (only car specific articles or articles with car section):
Consumers can help control their auto-insurance costs by choosing vehicles that are less costly to insure Insure can mean:
To review the vehicles that qualify for reductions, as well as a list of 550 vehicles that receive lower-than-standard rates, contact a Farmers agent or visit the Farmers Web site at www.Farmersinsurance.com and click on the ``Farmers Services'' icon. Farmers is Colorado's second-largest auto insurer, the nation's third-largest auto and home insurer, a leading commercial insurer and a major life insurer. CONTACT: Farmers Insurance Group of Cos. Don Mealer, 719/630-2001 |
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