Realtor.com on MSN
State Farm customers in California could see refunds after 2025 wildfire-related rate hikes
A proposed settlement means some State Farm policyholders won’t see additional increases, and others could get refunds.
State Farm will not raise rates any higher for California homeowners, but renters will see a small bump. Owners of condominiums and rental homes, meanwhile, will get refunds.
In April, the company argued the emergency rate hike would help State Farm rebuild its capital after the wildfires.
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