The California Department of Insurance gave Allstate the green light to raise its home insurance rate by an average of 34% — the state's highest in the last three years.
It’s another blow to the pockets of thousands of homeowners across California . The California Department of Insurance gave Allstate the green light to raise its home insurance rate by an average of 34% — the state's highest in the last three years. Many homeowners are trying their best to adjust.“The insurance industry has just gone crazy, and it keeps going up and up,' Harbison Canyon resident Karen Rout said. “I feel ripped off.
“I think what people have to realize is the values of homes have increased a lot,' Zanganeh said. 'The cost of the home has increased so much. I think we'll continue to see increases throughout California, specifically San Diego, just due to the nature where we're at with high home prices as well as being in a higher fire zone across .'These new insurance premiums will impact more than 350,000 homeowners.
California Home Insurance Homeowners Increase Rates Insurance San Diego State Farm
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Allstate gets OK to raise California home insurance rates by average of 34%Home insurance is about to get a whole lot more expensive for a lot of people in California.
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Allstate gets OK to raise California home insurance rates by average of 34%Home insurance is about to get a whole lot more expensive for a lot of people in California.
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Allstate gets OK to raise California home insurance rates by average of 34%Home insurance is about to get a whole lot more expensive for a lot of people in California.
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Allstate gets California OK to raise home insurance rates 34% in wildfire areasThe rate hike, which will take effect from November, will impact about 350,000 policyholders across California.
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Allstate gets OK to raise California home insurance rates by average of 34%Home insurance is about to get a whole lot more expensive for a lot of people in California.
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Allstate approved to raise California home insurance rates by 34%The decision on Allstate follows a series of rate hikes for other insurers, including State Farm, which is seeking raise its rates by an additional 30% after already securing a 20% increase earlier…
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