Some State Farm Customers Could See Refunds While Homeowner Rate Hikes Stay Put

Some State Farm customers could see refunds while homeowner rate hikes stay put

In summary State Farm reaches settlement over emergency insurance rate hikes after last year’s Los Angeles County fires. The Los Angeles County fires last year drove up insurance costs for many Californians. Now, a proposed settlement means some State Farm policyholders whose premiums rose won’t see additional increases, and others should even get refunds. State Farm, the largest insurer in the state with about 20% market share, received approva…

NBC Bay Area (KNTV): No Additional Rate Hike Under State Farm Settlement

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State Farm settles for lower home insurance rate increase

The state's regulator and a leading consumer advocacy group are parties to the settlement, which also addresses non-renewals following the January 2025 wildfires.