Back to today’s briefing

Story perspectives

Illinois Home Insurance Rates Surge 27.2%, Spark Outcry

7/24/2025

50 7

Summary

Story summary

Home insurance rates in Illinois are soaring, with State Farm increasing them by a staggering 27.2%, adding an average of $746 to policyholders' bills. Citing soaring claims costs from hail damage, the move has drawn sharp criticism from Governor Pritzker, who calls it unjust. In response, lawmakers are pushing for stronger consumer protections as other insurers, like Allstate, follow suit with their own rate hikes.

1 of 1

Story summary

Home insurance rates in Illinois are soaring, with State Farm increasing them by a staggering 27.2%, adding an average of $746 to policyholders' bills. Citing soaring claims costs from hail damage, the move has drawn sharp criticism from Governor Pritzker, who calls it unjust. In response, lawmakers are pushing for stronger consumer protections as other insurers, like Allstate, follow suit with their own rate hikes.