State Farm is raising homeowners insurance rates in Illinois by a whopping 27.2% beginning Aug. 15, according to a filing with the state last month. The rate hike, one of the largest in the state’s history, will affect nearly 1.5 million policyholders. New policyholders will pay the higher rates as of July 15.
In its filing, Bloomington-based State Farm said the rate increase is driven by catastrophic losses related to extreme weather events in Illinois.
In February, Northbrook-based Allstate raised homeowners insurance rates by 14.3% for nearly 248,000 Illinois customers, as the broader insurance industry struggles to keep up with the increasing frequency of extreme weather events across the country.
State Farm, for example, has received nearly 13,000 claims and paid out more than $4.2 billion to California homeowners who suffered losses during the devastating wildfires that raged across the Los Angeles area in January, according to an update posted this week on its website.
In 2024, Allstate raised homeowners insurance rates in Illinois by 12.7%, while State Farm implemented a 12.3% increase.
Homeowners insurance rates have been spiking across the country, increasing 40.4% over the past six years, according to LendingTree’s “State of Home Insurance” report for 2025, published in June. Illinois had the seventh highest increase among states, rising 59.5% between 2019 and 2024.
My first reaction is once again Democratically run states are being taxed to pay for the profligate and irresponsible political and economic policies of Republicans as well as their dogmatic ideological insistence Climate Change isn't Real. Fortunately, this also appears to be the understanding of my excellent Governor J.B. Pritzker as well,
“These increases are predicated on catastrophe loss numbers that are entirely inconsistent with the Illinois Department of Insurance’s own analysis – indicating that State Farm is shifting out-of-state costs onto the homeowners in our state,” Pritzker said. “Hard-working Illinoisans should not be paying more to protect beach houses in Florida.”
The thing is while the Republicans and their paid propagandists keep lying about climate change in order to maintain political power, in the real world of farming, the United States Navy, and the Insurance Industry it is known to be real, it's happening now, and it's going to be already disastrous, both financially and more importantly fatally as the Texas floods just demonstrated.
But, Republicans are certain to continue to deny climate change and continue to govern their states as though the effects are not happening; thus, A House divided can not stand and all that...
Of course, the Republicans in office pushing their bullshit murderous climate change denialist policies feel absolutely confident they will never face the consequences and with their mindless drones having been totally conditioned even when the collapse comes, this is assuredly true and most likely Faux News and white people will blame Democrats, Trans people, and immigrants just as they've been programmed to do.
In Florida, the Homeowner's Insurance Market is teetering on the brink of total failure, due mainly to Republican mismanagement of the state so when the next big hurricane hits resulting in billions of flood and wind damage, Republicans are going to do what they always do; steal money from Democratic states to pay off the debts they incurred in their states due to their profligate and perfidious criminal negligence and malfeasance. Traitor trump will assuredly bail out Florida after taking his 20% commission and proclaiming himself the Greatest President Ever, just like he's about do in Texas.