Particle.news
Download on the App Store
7 ARTICLES
·
2d ago

State Farm Seeks Additional Insurance Rate Hikes in California Following 17% Approval

The insurer has filed for an extra 11% homeowners increase, alongside steep hikes for condo and renter policies, with a full hearing set for fall to justify these requests.

Palisades fire Cal Fire (Joel Pollak : Breitbart News)
State Farm, California's largest home insurer, just got approved for a 17% homeowners rate hike, granted on an emergency basis after the Los Angeles wildfires. Now it wants another 11% jump.
Anna Schlobohm de Cruder (C) and Daniel Cruder search through the remains of Anna's home which was destroyed in the Eaton Fire on March 20, 2025, in Altadena, California.
Image

Overview

  • State Farm has requested an additional 11% homeowners insurance rate increase, on top of the 17% hike approved by California regulators last week.
  • The company is also seeking significant increases for condo and renter policies, proposing hikes of 36% and 52%, respectively, for 2026.
  • California Insurance Commissioner Ricardo Lara approved the initial 17% rate hike following $7.6 billion in wildfire-related claims, effective June 1, 2025.
  • A full rate hearing in October will require State Farm to justify its requests or face potential refunds for the already approved increases.
  • Consumer advocacy groups and regulators, including Deputy Commissioner Michael Soller, demand comprehensive data to ensure rates are fair and justified.