Category: State Farm Insurance News

Illinois Homeowners Face Higher Costs as State Farm Raises Rates

Angela Linders
State Farm Rate Increases

State Farm to Raise Illinois Homeowners Insurance Rates by 27.2% Big news for Illinois homeowners. State Farm, the Bloomington-based insurance giant, is hiking its homeowners insurance rates by a staggering 27.2%. The increase, set to take effect on August 15, 2025, will impact nearly 1.5 million policyholders across the state. New customers? They’ll start paying the higher rates even sooner—on July 15. Why the jump? State Farm says it’s all about extreme weather. Tornadoes, floods, hailstorms—Illinois has seen it all. And it’s costing insurers big time. In fact, State Farm…

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No, Other States Aren’t Paying for California’s Wildfire Risks, Says State Farm

Angela Linders
State Farm

State Farm Sets the Record Straight on California Wildfire Insurance Wildfires have devastated California. Thousands of families are rebuilding their lives, and insurance companies are at the center of it all. But with so much news swirling around, State Farm wants to clear the air. Here’s what they’re saying about the current situation in California—and what it means for their customers. Helping Californians Recover For six months, State Farm employees, agents, and associates have been on the ground, helping customers recover from the wildfires in Los Angeles. Many left their…

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State Farm’s Big Win: How a Florida Ruling Could Reshape Auto Insurance

John Bowers
State Farm's Victory in Flrida

Why This Florida Ruling Matters for Insurers State Farm just scored a major victory in Florida. A court ruled that insurers don’t have to pay Medicare’s capped rates for medical bills if the provider charges less. Sounds like a small technicality, right? It’s not. This decision could save insurers millions and shake up how personal injury protection (PIP) claims are handled. But what does this mean for you? Let’s break it down. First, What’s PIP? PIP stands for Personal Injury Protection. It’s a type of car insurance that covers medical expenses,…

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State Farm vs. Erie: Who Pays When Coverage Overlaps?

Marc
Erie vs. State Farm Case

Understanding Underinsured Motorist Coverage: Lessons from the Erie vs. State Farm Case Insurance. It’s supposed to protect you when life throws a curveball. But what happens when two insurance companies can’t agree on who pays? That’s exactly what went down in the recent Erie vs. State Farm case. And if you’ve ever wondered how underinsured motorist coverage works—or doesn’t—this case is a crash course. Let’s break it down. The Accident That Started It All Picture this: Lawrence Ricketts, a mechanic in Kokomo, Indiana, is test-driving a customer’s Dodge Ram after…

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State Farm Enters New Ground with VUL Insurance

Live Insurance News
State Farm enters VUL Insurance

State Farm and Pacific Life Team Up State Farm is stepping into new territory. For the first time, it’s offering a Variable Universal Life (VUL) insurance product. The new option, called Pacific Protector Plus VUL, comes from a partnership with Pacific Life. Pacific Life has been around since 1868. It’s known for its expertise in life insurance and investments. Together, these two companies bring nearly 260 years of experience to the table. A New Direction for State Farm This is a big shift for State Farm. The company has always…

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State Farm’s Next Move: A Comeback in the Making?

Ben Jones
State Farm comeback

Can State Farm Reclaim the Throne? Progressive has done it. They’ve knocked State Farm off the top spot as the biggest U.S. auto insurer. But what’s next? State Farm isn’t taking this sitting down. With a market share of 16.2%—just a hair behind Progressive’s 16.4%—you can bet they’re plotting a comeback. What’s State Farm’s Next Move? State Farm isn’t exactly new to dominating the auto insurance scene. They’ve been the leader for decades. But losing the top spot stings. How will they claw their way back? Experts say State Farm…

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Cracks in the System: The Truth About Auto Glass Insurance Fraud

Ben Jones
Auto Glass Insurance Fraud

The Auto Glass Fraud Epidemic: A Costly Scam That Won’t Quit Auto glass fraud. It’s not just a nuisance—it’s a billion-dollar problem. From Florida to Kentucky, insurers are battling a wave of fraudulent claims that’s driving up costs for everyone. And the numbers? Staggering. The Cost of Fraud: Who’s Paying the Price? Insurance fraud costs the U.S. over $308 billion annually, according to the Coalition Against Insurance Fraud. Auto glass scams are a big piece of that pie. In Florida alone, lawsuits tied to auto glass claims skyrocketed from 400 in…

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