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State Farm defends hefty 27.2% hike in Illinois homeowners insurance rates
State Farm is raising homeowners insurance rates in Illinois by a whopping 27.2% beginning Aug. 15, according to a filing with the state last month. The rate hike, one of the largest in the state’s history, will affect nearly 1.5 million policyholders. New policyholders will pay the higher rates as of Tuesday.
“These increases are predicated on catastrophe loss numbers that are entirely inconsistent with the Illinois Department of ...
State Farm insures nearly one-third of all homeowners in the state. Gov. Pritzker calls the recent hike announcement "unfair ...
State Farm is raising Illinois homeowners insurance rates this summer. Here's why – and what advocates are calling for.
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