@abc7chicago: State Farm is set to raise home insurance rates by 27% beginning August 15, 2025. The Bloomington-based insurer said the price increase comes as it anticipates more extreme weather, plus the rising repair costs from inflation. Last year, for every dollar in premiums collected, State Farm paid out $1.26 in total costs. The company told ABC7 its Illinois homeowners' business has seen "unsustainable" losses in 13 of the last 15 years and needs to raise rates to remain financially strong.

abc7chicago
abc7chicago
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Region: US
Tuesday 15 July 2025 16:34:44 GMT
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newdawn_ndrp
New Dawn RP :
raising rates and they still won't pay out claims 🤣
2025-07-15 16:54:13
4457
connor_ray_music
Mr_Baldman_Official :
CEO made 24.4 million. The company net income was $5.3 Billion. This is greed.
2025-07-15 18:45:35
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szczepanswiderski
Corvinus21 :
I do t care how much u paid… how much u EARNED????? That is a q???)
2025-07-17 03:03:25
0
marianab420
Mariana :
Insurance companies are all scammers!! They can collect the premiums but not pay them out 🙄
2025-07-15 17:02:32
1668
danceswithspoons
danceswithspoons :
Funny I’m looking at over 300 denials from my clients about hail storms
2025-07-15 16:54:16
1024
fastcarss34
ANONYMOUS :
I wonder how much they pay Aaron Rodger’s and Pat Mahomes
2025-07-15 16:56:56
278
ericdr617
Eric617 :
If your insurance company has TV commercials get a new one! Inside information…
2025-07-15 17:07:53
536
derickgines
Derick Gines :
🎶 Like a bad neighbor, State Farm don't care 🎶
2025-07-15 17:53:06
441
szczepanswiderski
Corvinus21 :
When my policy ends… n i will get that % !!! I AM SWITCHING…
2025-07-17 03:02:54
0
bigfootfg
Kyle :
My parents pay like 350$ a month and they wont cover 10k worth of hail damage, whats the point of insurance anymore man its so pointless and a scam
2025-07-15 17:20:38
580
andrewbushman1204
Bushman :
Maybe if State Farm would put our money towards fixing homes and not towards buying sports stadiums and advertising.👀
2025-07-15 17:36:41
1437
pell213
pell21 :
So they complain because they have to payout?? That’s the polurpose of insurance!! They like to receive premiums but don’t like to payout! 🤔
2025-07-15 16:49:22
156
oui22s
Scott Ouimette :
EVERY house on our street had new roofs due to hail damage…..know who’s did NOT get a new roof? The 2 houses that had State Farm
2025-07-15 17:21:26
60
user542505484787
jimmy :
And I’ll be switching homeowners insurance
2025-07-15 16:58:28
226
yemumgey3307
Yemumgey3307 :
But honey, think of shareholders 🥺🥺🥺🥺
2025-07-15 16:45:19
537
lmfaosowhat
💙H555 ⛧ ♀ :
State Farm is the worst!
2025-07-15 16:50:12
444
lindarodriguezksxwb
Linda :
Wow, a 27% increase is huge! Anyone know if other insurers are doing the same? This is getting out of hand.
2025-07-15 16:42:55
635
doubleaa445
doubleAA :
lol how much do the CEO’s make?
2025-07-15 17:07:54
16
jarynshumaker
Jaryn Shumaker :
Do we even need home insurance at this point (genuine question)? It seems rates are rising and for what?! They deny everyone!
2025-07-15 20:01:21
3
pjkld
P :
State Farm is the worst insurance
2025-07-15 16:57:24
50
piineeapplessss
a :
Can somebody tell me if they’ve switched from State Farm to another insurance, and got a lower rate? If so, what insurance? I know everything varies but I’m strongly considering changing our SF homeowners insurance. I’m in Chicago, IL btw!
2025-07-15 20:20:35
1
juniorversal
𝕋𝕪𝕝𝕖𝕣 𝕄𝕠𝕠𝕣𝕖 𝕄𝕒𝕣𝕪 :
State Farm made 5.3 BILLION in 2024. Don’t believe the corporate greed excuses.
2025-07-15 19:10:14
31
circle_of_fifths
CircleOfFifths :
From State Farm's website: "Total revenue, which includes premium revenue, earned investment income and realized capital gains (losses) was $123.0 billion for 2024 compared to $104.2 billion for 2023. State Farm reported a net income of $5.3 billion in 2024 compared to a net loss of $6.3 billion in 2023. The reported net income for 2024 includes the impact of $3.0 billion of realized capital gains, net of tax."
2025-07-15 18:49:40
5
anthonybonanno496
Anthony Bonanno496 :
Gotta keep up the profit margins.
2025-07-15 16:39:50
31
make.x.cents
Nicole :
Just took my 4 policies from them- have 2 left. Say byeeeeeeee lmao. I’ve been a customer for 15 years… no claims, perfect driver… etc.
2025-07-15 17:03:51
50
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