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State Farm Plans Mileage-Based Premiums
BLOOMINGTON, Ill. (AP) -- State Farm plans to begin increasing or lowering some of its Illinois policy holders' rates next year based on how far they drive.

The Bloomington-based company says its new Drive Safe and Save program will only be available to its customers who have OnStar devices on their vehicles and use its vehicle diagnostics tracking tool.

Company spokeswoman Angie Rinock told The Pantagraph newspaper in Bloomington that people who drive about 12,000 miles a year or less could save 10 percent or more on their premiums.

Rinock said State Farm will only gather mileage information and will not track other data such as driver speeds.

State Farm has about 250,000 customers in Illinois.

(Copyright 2011 by The Associated Press. All Rights Reserved.)
04 12 11 by Newsroom
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