State Farm Asks California Insurance Department for Emergency 22 Percent Rate Increase

The state’s largest home insurer asks for another 22 percent emergency increase after getting a 20-percent hike last year.

In this aerial view taken from a helicopter, burned homes are seen from above during the Palisades fire near the Pacific Palisades neighborhood of Los Angeles on Jan. 9, 2025. Josh Edelson/AFP via Getty Images

California’s largest home insurer asked the state’s insurance department for a 22 percent emergency rate hike Feb. 3 after receiving thousands of claims following Los Angeles County’s catastrophic wildfires last month.

“State Farm helps people recover from the unexpected,” the company wrote in a press release Monday. “That is what we are doing in the wake of the wildfires.”