Tag: rate
Posted in WP-12
State Farm seeks 30% rate hike for California homeowners
One of California’s largest homeowner insurers is looking to raise its rates again. State Farm is requesting a 30% increase for homeowners, 36% for condominium owners, and 52% for renters. But these rate hikes still need to be approved by California’s Department of Insurance. “This filing doesn’t change anything for State Farm’s policyholders today,” said …