Average home insurance by State Farm to rise by 20% in CA

 

SAN FRANCISCO (KGO) -- California residents with State Farm home insurance are about to have their rates go up.

The company just received approval from state regulators to raise home insurance policy rates.

According to The Chronicle, the new rates take effect on March 15 for policies that are being renewed.

The average increase will be 20 percent and will happen when your policy is up for renewal.

State Farm is the largest home insurer in California.