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State Farm’s 22% Rate Hike: What Homeowners Need to Know
State Farm is seeking a 22% rate increase on home insurance in California to cover wildfire costs. If approved, homeowners across the state will see their premiums jump significantly—but here’s the catch: If regulators deny the hike, State Farm could shift costs to other states instead. That means homeowners nationwide could end up paying for California’s wildfire damage. With insurance rates rising and policies being dropped, now is the time for buyers and homeowners to double-check their coverage.
