Many Illinois homeowners will soon see their home insurance rates skyrocket due to the increase in extreme weather events.

State Farm’s plan to raise homeowners insurance rates by more than half a billion dollars in Illinois has reignited calls from consumer advocates to overhaul how the state oversees insurance rates. “Home insurance rates are on the rise in Illinois due to rising home replacement costs and more frequent severe weather

State Farm is hiking Illinois home insurance rates by 27%, while auto insurance premiums decrease by an average of 5.7%. Governor Pritzker contests the hikes.