State Farm’s Florida pull out will not affect car insurance customers

State Farm’s announcement that it will no longer be writing property insurance in Florida will not affect the availability of car insurance for about 2.8 million Florida customers. The pull out only impacts homeowners, renters, condominium owners, boat owners and business property owners.

For existing State Farm policyholders, this will mean a transition into a new insurance company over the next year or so as their policies are non-renewed. The hardest hit will be the State Farm agents in Florida, who will have to focus on car insurance, life and health insurance and other financial services offered by State Farm.

Florida consumers can get information from the Florida Department of Financial Services at 1-877-693-5236.