Sounds like, at least with the prior rate hike, it’s not a flat increase, but reflects risk in a given area: higher risk areas are seeing larger hikes.

https://uphelp.org/state-farm-raising-insurance-rates-20-for-california-customers-in-new-year/

Joel Laucher from United Policyholders, a consumer advocacy group, says folks should shop around for coverage amid the changes.

“Really the way that plays out, it may be a 3% or 4% rate increase for someone in a more urban and less wildfire exposed area. And it could be a 40% or a 50% rate increase for the population that owns homes in [wildfire impacted areas],” he said.

That variability is probably what you’d expect if the increase is economically-efficient, but just saying that someone may be more-impacted or less-impacted than the given percent increase.

So now they cover fire damage, yes?

Good news for Californians. Yeah, price hikes suck, but the combination of climate change and inflation has caused average annual home repairs to go way up - it’s this, or else the companies just drop everyone in the state, and no one can have home insurance.

As someone who has spent a stupid account of time on property insurance in the last few years, for family and for work, I actually support allowing the price increase. Our insurance was so insanely cheap for a long time, and prices were regulated so carriers couldn’t increase prices. Well, it became unprofitable, partly due to the wildfires. Carriers just withdrew from California completely. It left a huge hole in the market that is filled with surplus-lines / out of state insurers and their prices seem to be completely unregulated and unreasonable.

Like the shittist neighbor ever, US insurance is therrree