Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

HeartachesNhangovers

(851 posts)

11. The 17% increase is only temporary while the state considers a 30% increase later this year, according to the Guardian:

Reply to RJ-MacReady (Original post)

Wed May 14, 2025, 12:56 PM

May 2025

The new rates are temporary until the state has a chance to consider State Farm’s request from last year for a 30% rate increase for homeowners. The hearings for that request are set for October.

https://www.theguardian.com/us-news/2025/may/14/california-state-farm-insurance-premium-increase

California wildfires are real. And real expensive. Someone has to pay, and that's how insurance works: the pool of insured pay enough in premiums to cover all the payouts, plus enough profit for the insurer to make it worthwhile doing business.

Click here to purchase valentine hearts!