California Approves State Farm’s 17 Percent Rate Increase Amid Insurance Crisis
Home insurance prices in the state are expected to continue rising, experts say.
A State Farm insurance company sign sits amid the rubble of a building destroyed by the Palisades Fire on Sunset Boulevard in the Pacific Palisades neighborhood of Los Angeles on Jan. 16, 2025. Frederic J. Brown/AFP via Getty Images
California homeowners hoping to get a break on their home insurance premiums any time soon might be waiting a while longer.
State Insurance Commissioner Ricardo Lara announced on May 13 that an administrative law judge issued a preliminary order to approve a 17 percent rate increase for State Farm’s homeowner insurance customers.
Kimberly Hayek
Author
Kimberly Hayek is a reporter for The Epoch Times. She covers California news and has worked as an editor and on scene at the U.S.-Mexico border during the 2018 migrant caravan crisis.
