As State Farm’s financial condition improves, policyholders will get a one-time, 2.5% premium discount when they renew.
State Farm reaches settlement over emergency insurance rate hikes after last year’s Los Angeles County fires.
A proposed settlement means some State Farm policyholders won’t see additional increases, and others could get refunds.
In April, the company argued the emergency rate hike would help State Farm rebuild its capital after the wildfires.
Farmers Insurance Group, California’s second-largest home insurance company, is seeking a rate hike amid plans to lift a cap on the number of new homeowner polices it writes each month in the state.
LOS ANGELES, March 7, 2026 /PRNewswire/ -- Consumer Watchdog today announced a settlement filed in State Farm General's pending California homeowner insurance rate cases that, if approved, will save ...
Car insurance rates are skyrocketing in California. The top 10 insurers in California got the nod last year to raise premiums ...
This is read by an automated voice. Please report any issues or inconsistencies here. California drivers face auto insurance rate increases exceeding 30% since 2022, driven by expensive vehicles, ...
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