State Farm to increase car insurance rates in IL

August 11, 2008 2:29:18 PM PDT
State Farm is increasing its rates for car insurance customers in Illinois. Crain's Chicago Business reports the insurer will raise premiums by 3 percent in late August.

State Farm is one of several companies that are now charging more.

Allstate and Geico have also increased rates this year.

Crain's points out that state farm did cut rates by 18 percent from 2004 to 2007.