State Farm's headquarters are in Bloomington, Illinois. (Credit: Ivo Shandor)
State Farm wants to raise its rates for homeowners in Illinois by nearly 30%.
According to a filing with the state, State Farm is planning to increase its homeowners insurance rates by 27.2% starting Aug. 15. The rate hike will be one of the largest in the state’s history, and it will impact nearly 1.5 million existing policyholders. The rate hike will be applied to new policyholders starting July 15.
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Corey Dahl
Corey Dahl is assistant editor with PropertyCasualty360.com. Reach her at [email protected].
