Lara provisional 22% State Farm rake hike approval

State Farm Requests Another Rate Increase Of 11%

May 22, 2025 2:45 amMay 22, 2025 2:46 am

State Farm Insurance announced this week that they will be pursuing an additional 11% insurance rate increase, only a week following an emergency 17% rate increase for the company being approved by the California Department of Insurance (CDI). According to...

Insurance Commissioner Lara Approves 17% State Farm Rate Hike

May 14, 2025 2:45 amMay 14, 2025 2:46 am

California Department of Insurance (CDI) Commissioner Ricardo Lara gave a final sign off on the controversial 17% rate hike sought by State Farm Insurance on Tuesday, following a court decision okaying the rate increase earlier in the day. According to...

Department of Insurance Holds Public Hearing Over Proposed State Farm Insurance Rate Hike

April 9, 2025 2:24 pmApril 9, 2025 2:24 pm

The California Department of Insurance held a public hearing on Tuesday to help determine if they should accept the request by State Farm Insurance to increase the rate on rental homes, non-rental homes, rental units, and condos by at least...

California Department of Insurance Provisionally Accepts State Farm’s Requested 22% Rate Hike

March 14, 2025 5:25 pmMarch 14, 2025 5:25 pm

Insurance Commissioner Ricardo Lara announced on Friday that he has conditionally approved the requested 22% insurance rate hike by State Farm, but only if they can justify their reasons for an increase at a public hearing in April. For over...