Illinois homeowners face an average 27% premium spike as State Farm cites severe weather and rising costs. Governor Pritzker ...

State Farm is defending its 27% rate hike on Illinois homeowner insurance policies, calling Gov. JB Pritzker's condemnation "factually incorrect." ...

State Farm is raising home insurance rates in Illinois by 27% due to increased weather-related claims and repair costs.

Jacque Schrag/Axios Homeowners in Illinois spend an average of $19,471 a year on upkeep and other "hidden expenses," according to a Bankrate study. Why it matters: Overlooked costs, beyond mortgage ...

Illinois Governor JB Pritzker (pictured above) is urging lawmakers to grant new oversight powers to the state’s insurance regulatory body following State Farm ’s decision to implement a 27.2% increase ...

Gov. JB Pritzker and State Farm need each other. There should be a path to compromise over the insurer’s eye-watering 27% homeowners rate hike.

"In addition to increased premiums, State Farm intends to raise out-of-pocket deductibles and reduce payouts for certain claims. In total, these changes will cost Illinois homeowners hundreds of ...

The average homeowner is expected to spend an additional $261 on insurance premiums this year. Climate change and tariffs are are likely to to push up insurance costs, as homes sustain more damage ...

Illinois rates are based on Illinois risk — it’s as simple as that — not for losses in other states,” State Farm spokesperson Gina Morss-Fischer said.

The increase affects nearly 1.5 million State Farm customers and comes alongside a newly implemented 1 percent minimum ...