State Farm Mutual Automobile Insurance Company, the largest insurer of autos in the nation, is lowering its overall rate level in Hawaii an average of 5.4 percent effective July 14. This represents an annual savings of $5.7 million to the company's Hawaii customers. After this rate change is implemented, State Farm's overall rate level in Hawaii will be 41.4 percent lower than it was 16 years ago. Premiums for the personal injury protection coverage are decreasing the most. The cost of the collision coverage will also go down for most customers. The price of the liability and comprehensive coverages will go up for some and down for others. The comprehensive coverage pays for losses from such perils as theft, storm damage, fire, vandalism and glass breakage.

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