Insurance Giant State Farm Seeks Another Rate Hike in California

The company said it is ‘working toward its long-term sustainability in California.’

A housing development in Santa Clarita, Calif., on Sept. 8, 2023. Mario Tama/Getty Images

State Farm is proposing to raise its California homeowners insurance policies by 30 percent, according to documents submitted to the state.

In filings with the Department of Insurance in late June, State Farm said it is also seeking a 52 percent rate increase for renters and a 36 percent rate increase for condominium owners.