California State Farm car insurance customers to see a $264 million rate increase ...Middle East

California drivers who use State Farm for their auto insurance coverage are facing a premium increase of $263.7 million, the largest total amount approved since October by the California Department of Insurance. State Farm insures more California drivers than any other company operating in the state. Those 3.7 million California drivers will see an average annual boost of $71 per policy, an increase of 6.9%, said Consumer Watchdog, a Santa Monica-based advocacy group. The latest increase granted by California Insurance Commissioner Ricardo Lara follows rate hike approvals for several other large auto insurers, including Geico and Mercury Insurance, after a long COVID-era break. In all, Lara

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Last updated : 27 March 2023 clock 07:32 PM

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California State Farm car insurance customers to see a $264 million rate increase ...Middle East

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