Insurance commissioner questions State Farm’s emergency property rate hikes 2025

The proposed rate hikes, which State Farm anticipates taking effect on May 1, cover four lines of coverage — 38% for rental dwelling, 22% for non-tenant homeowners, 15% for tenant renters, and 15% for tenants in condominium units. The interim rate hikes are lower than the full increases requested in mid-2024, as State Farm seeks expedited approval.