State Farm is increasing homeowners insurance rates in Illinois

[David64]

For those of you who live in Illinois, stock up on lube, 'cause State Farm is about to screw you. { us }

I live in Kentucky, but I still own a house in Illinois. If it's not the state raising property taxes, it's the insurance companies raising prices.  I'm going to call my agent up there tomorrow and see how much this is going to raise my rates and then start shopping around for other companies. I own a home here too and have State Farm on both the houses and all the cars. If another company will give me a good bundle price on everything, State Farm is gonna lose my business real fast.

State Farm is increasing homeowners insurance rates in Illinois by an average of 27% starting in August 2025. This increase will impact approximately 1.5 million policyholders in the state, according to WTTW. The company cites increased costs due to inflation and more frequent and severe weather events in Illinois as the primary reasons for the rate hike. Consumer advocates and politicians are pushing back, calling for greater regulation of the insurance industry in the state. 
The rate increase is expected to average $475 more per year for affected policyholders, according to WTTW. State Farm is the largest home insurer in Illinois, reports Instagram. The company's justification for the increase includes the fact that for every $1 homeowners paid in premiums in 2024, State Farm paid out $1.26 in total costs. They also point to the increased frequency and severity of storms with hail and wind damage in Illinois, notes State Farm. In fact, Illinois had more hail damage claims than any other state except Texas in 2024, according to State Farm. 

[DontTreadOnMe]

We dumped State Farm a looong time ago.
FWIW, I would shop around for smaller companies...regional or more local insurers...those with a smaller national footprint.
We did that some years ago.  Time to stop paying for those huge payouts from hurricanes and fires.

[MichSwampbuck]

I have them for auto, no increase, yet.

They never felt "like a good neighbor" to me, unless you like getting screwed by your neighbor, then they are really good.

[Quantum12]

I have them for auto, no increase, yet.

They never felt "like a good neighbor" to me, unless you like getting screwed by your neighbor, then they are really good.

I am in Michigan, I moved to a different address in West Bloomfield. They keep raising my auto rates by 4$ each month. 

I am shopping around.