Is it actually possible for insurance rates to go down in 2025? Dennis Simpson talks with local State Farm agent Ike Eisenhower about the surprising news of rate decreases in Arkansas. We break down the math behind the premiums, why used car prices changed the game, and why having a local agent matters more than a “gecko” on a 1-800 number.
In this episode, we cover:
The 10.1% and 9% rate decreases at State Farm.
How AI is replacing traditional actuarial tables with 200+ individual rating points.
The difference between a Mutual Company (customer-owned) and stockholder-driven corporations.
Why a “Deer Strike” isn’t your fault (and how the deductible works).
“Drive Safe and Save”: How a small Bluetooth beacon can lower your bill.
Ike Eisenhower (State Farm): 501-984-4100
Jana Cook Taylor Realty Group: 501-617-9747
Joanna Horton (Mforce Capital): 501-922-9259
Home Plate Cafe & Bakery: 501-984-6969