State Farm reaches settlement over emergency insurance rate hikes after last year’s Los Angeles County fires.

As State Farm’s financial condition improves, policyholders will get a one-time, 2.5% premium discount when they renew.

The agreement sent to a judge late Friday cements a $530 million emergency hike in home insurance rates Insurance ...

LOS ANGELES, March 7, 2026 /PRNewswire/ -- Consumer Watchdog today announced a settlement filed in State Farm General's pending California homeowner insurance rate cases that, if approved, will save ...

Several forces are driving the higher rates. They include sharply rising prices for new cars and auto parts, which is being driven by inflation and exacerbated by President Trump’s tariffs, as well as ...

The state's approval came after a three-day hearing in April where State Farm had to justify with data why the rate hike was necessary. In April, State Farm argued the emergency insurance rate hikes ...

Farmers Insurance Group, California’s second-largest home insurance company, is seeking a rate hike amid plans to lift a cap on the number of new homeowner polices it writes each month in the state.

Californians are furious — and fed up — as auto insurance bills skyrocket, hammering drivers with increases that feel impossible to justify. In a state already notorious for punishingly high housing, ...