State Farm home insurance to increase in CA by an average of 20%, report says

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Wednesday, January 3, 2024
State Farm to raise home insurance rates in 2024, report says
After receiving approval from state regulators, State Farm home insurance will increase by an average of 20 percent in 2024, according to a report.

SAN FRANCISCO (KGO) -- California residents with State Farm home insurance are about to have their rates go up.

The company just received approval from state regulators to raise home insurance policy rates.

According to The Chronicle, the new rates take effect on March 15 for policies that are being renewed.

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The average increase will be 20 percent and will happen when your policy is up for renewal.

State Farm is the largest home insurer in California.

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