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State Farm seeks 22% home insurance rate hike
State Farm asks for approval to increase California home insurance rates by an average of 22%
Citing the "dire" financial situation they're facing after the Los Angeles wildfires, State Farm General has asked California officials for an emergency interim rate increase. The rate hike could work out to an average increase of 22% for California homeowners,
State Farm seeks 22% home insurance rate hike after California wildfires
State Farm, California’s largest home insurance provider, is seeking to raise home insurance rates by an average of 22% following the devastating wildfires that swept across the state. The company, which has operated in California for nearly a century,
Local home insurance rates to rise more than state average
NCDOI announced its settlement with the N.C. Rate Bureau, a firm that represents homeowners insurance companies across the state, in a Jan. 17 press release. In January 2024, the N.C. Rate Bureau proposed an average 42.
13d
on MSN
Allstate to raise Illinois homeowners insurance rates by 14.3%
In its filing, Northbrook-based Allstate said nearly 248,000 customers in Illinois will be affected by the 14.3% homeowners rate increase next month.
AZ Central
6d
Will Southern California's wildfires drive up Arizona homeowners insurance rates?
Arizona led the U.S. for the biggest jump in
home insurance rates
between 2019 and mid-2024, when
home insurance
premium costs skyrocketed more than 62%, according to LendingTree. Many states are ...
30m
California's insurance crisis leaves neighbors facing unequal recovery after wildfires
Unless governments take on the financial burden of serious mitigation efforts, the price of California’s fire risk will ...
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