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State Farm to raise Illinois homeowners insurance rates by 8%
Original: State Farm raising Illinois homeowners insurance rates by 8%
State Farm is raising homeowners insurance rates in Illinois by 8%, adding to costs for policyholders across the state. The increase comes as insurers nationwide continue pushing premiums higher, citing rising repair costs and weather-related claims. Homeowners in Illinois now face another bump in annual housing expenses, and the move is drawing attention as residents weigh shopping around for coverage.
Why now: Illinois homeowners are directly affected by another premium increase amid widespread concern over rising insurance costs.
Evidence
- State Farm raising Illinois homeowners insurance rates by 8% · Yahoo Finance
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