Farmers Insurance Companies Introducing Annual Auto Insurance Policy in Illinois

Business Wire, Dec 12, 2006

LOS ANGELES -- Illinois Farmers Insurance Company and Mid-Century Insurance Company, have good New Year news for their nearly 409,100 Illinois auto insurance policyholders and new customers. Beginning December 18, 2006, the companies are offering a rare annual auto insurance policy that will allow Farmers auto insurance policyholders to choose a full-year auto policy rather than the commonly offered six-month policy.

"The annual auto policy provides the same wide array of quality coverages and discounts available on the six-month policy, and does so at a premium rate that is 'locked' in for a full year," explained Bill Martin, Vice President of auto product management, Farmers Insurance Group.

"We are always looking for innovative ways to help our customers save time and manage their budgets better, two very important commodities in today's busy world. We are offering our customers and new customers an annual auto policy that will save a lot of time and paperwork by eliminating the need to renew their auto policies every six months," Martin said.

"Most auto insurance policies renew every six months. With Farmers' annual auto policy, policyholders can lock in a low rate for a full 12 months, so they know exactly what their coverage will cost for the whole year," Martin added. "Existing Farmers auto policyholders may choose to take the one-year policy at renewal time, or remain with a six-month policy."

The more than 570 Illinois Farmers insurance agents will be contacting their customers soon to explain the benefits of the annual auto policy.

Farmers Insurance Group of Companies[R] is the nation's third-largest Personal Lines Property & Casualty insurance group. Headquartered in Los Angeles and doing business in 41 states, the insurers comprising the Farmers Insurance Group of Companies provide Homeowners, Auto, Business, Life insurance and financial services to more than 10 million households through 17,000 exclusive and independent agents and district managers. For more information about Farmers, visit our Web site at www.farmers.com