Farmers Insurance seeks to raise rates for West Virginia customers by nearly 20%

By RealWV Staff,

CHARLESTON, W.Va. – The Farmers Direct Property and Casualty Insurance Company, one of the nation’s largest private insurance providers, has asked W.Va.’s Insurance Commission to approve a 19.9% rate increase for their 1,489 Mountain State customers. 

According to a Dec. 15 report from insurancejournal.com, Farmers cites “inflation, car thefts and a rise in accidents, claim severity and fraud” as the motivating factors behind their request for the rate hike. 

A press release from the W.Va. Insurance Commission states: “A comment period has been established during which any interested person may submit written comments on the following proposed automobile liability insurance rate increase.”

The release further states that only written comments will be accepted. The comment period will close at 4:30 p.m., on Tuesday, Jan. 16. 

The address to send written comments is as follows:

Rates & Forms Division

Re: Liability Increase

West Virginia Offices of the Insurance Commissioner

P.O. Box 50540

Charleston, WV 25305-0540

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