Story perspectives

Farmers Insurance Expands Coverage, Seeks Rate Increase in California

11/26/2025

Summary

Story summary

Farmers Insurance has removed the cap on new California homeowners policies to expand coverage options.
This aligns with Insurance Commissioner Ricardo Lara's Sustainable Insurance Strategy to strengthen the market amid wildfires and earthquakes.
Farmers Insurance plans to market to about 300,000 consumers in distressed areas starting in early 2026.
The insurer seeks a 6.99% average rate increase.
The home–auto bundling discount rises from 15% to 22%.

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Story summary

Farmers Insurance has removed the cap on new California homeowners policies to expand coverage options.
This aligns with Insurance Commissioner Ricardo Lara's Sustainable Insurance Strategy to strengthen the market amid wildfires and earthquakes.
Farmers Insurance plans to market to about 300,000 consumers in distressed areas starting in early 2026.
The insurer seeks a 6.99% average rate increase.
The home–auto bundling discount rises from 15% to 22%.