State Farm Insurance Rate Increase 2024

State Farm Insurance Rate Increase 2024. Find out why rates have risen, which. State farm’s 12.3% homeowners insurance rate increase goes into effect march 15 for new business and may 15 for renewals, adding about $138 to the average.

State farm and allstate insurance companies, both based in illinois, had the highest rate increases. This spring, state farm general insurance company raised homeowners insurance rates an average of 20% in california — but the size of the increase varies.