State Farm Slammed For Seeking Up to 38% Policy Hike Following ...
Feb 4, 2025 · State Farm has come under heavy criticism for seeking a 22 percent rate hike, with a 38 percent increase for renters, in the wake of the devastating California wildfires.
State Farm asks for more insurance rate increases after LA fires
Feb 4, 2025 · State Farm has received more than 8,700 claims and paid more than $1 billion to its customers in the state as of Feb. 1, the executives said. “We know we will ultimately pay out significantly more, as these fires will collectively be the costliest in …
State Farm Seeks an Urgent Increase in California Rates After Fires
Feb 3, 2025 · State Farm, the largest homeowners’ insurance company in California, asked state insurance regulators on Monday to urgently approve a 22 percent average rate increase, a worrying sign for an ...
State Farm 2025 California Auto Insurance Rate Hike Affecting …
Dec 10, 2024 · State Farm, California’s largest auto insurer, has received approval to increase its auto insurance rates beginning in January 2025. This marks the second consecutive year of double-digit rate hikes for the company, following a 21% increase implemented earlier this year.
State Farm seeks an emergency insurance rate increase after LA …
Feb 3, 2025 · State Farm General, California’s largest insurance provider, has requested an emergency interim rate hike averaging 22% for homeowners from state officials on Monday, citing a “dire”...
State Farm seeks emergency rate increase averaging 22% after …
Feb 3, 2025 · State Farm General asked Monday for an emergency rate increase averaging 22%, saying the Los Angeles County fires have put California's largest insurer in dire financial straits.
Where Homeowners Rates Are Rising—and Who Is Raising Them …
Jan 24, 2025 · In fact, while the 10 insurers analyzed by S&P GMI increased homeowners rates by about 45% over the six-year period from 2019-2024, State Farm scored the lowest six-year jump at 24%.
State Farm again is seeking huge increases in home insurance ... - CNN
Jul 2, 2024 · State Farm is seeking increases of as much as 52% for some of its residential insurance rates in California, which could ramp up the financial burden for many homeowners and renters in the...
Why are auto insurance rates going up? - State Farm
Apr 18, 2024 · According to Forbes Advisor, the cost of auto insurance went up more than 17% from July of 2022 to July of 2023. Here are some reasons why auto insurance rates are going up, along with what you can do to help manage your car insurance premium increase.
Consumer Watchdog Saves Policyholders Over $325 Million from State Farm …
Dec 11, 2024 · State Farm's new rate will take effect for all new and renewal policies on January 31, 2025, impacting over 4 million policyholders. But as a result of Consumer Watchdog's intervention, State Farm...