State Farm Insurance Increase 2024. Secured a 24.9% rate increase in new york that led to a calculated premium change of approximately $679.8 million, the most impactful rate hike of the period. California also granted some other notable rate approvals:

This week, state farm general, the company’s california subsidiary, submitted a request to the california department of insurance to raise its homeowners insurance rates by. An insurance salesperson looking into rising rates has heard from a number of state farm customers about rate hikes.