Lara provisional 22% State Farm rake hike approval

Department of Insurance Holds Public Hearing Over Proposed State Farm Insurance Rate Hike

April 9, 2025 2:24 pmApril 9, 2025 2:24 pm

The California Department of Insurance held a public hearing on Tuesday to help determine if they should accept the request by State Farm Insurance to increase the rate on rental homes, non-rental homes, rental units, and condos by at least...

California Department of Insurance Provisionally Accepts State Farm’s Requested 22% Rate Hike

March 14, 2025 5:25 pmMarch 14, 2025 5:25 pm

Insurance Commissioner Ricardo Lara announced on Friday that he has conditionally approved the requested 22% insurance rate hike by State Farm, but only if they can justify their reasons for an increase at a public hearing in April. For over...