State Farm Raises Illinois Insurance Rates
The Bloomington Pantagraph reports State Farm raised homeowner insurance premiums an average of 4.9 percent this year.
Angie Rinock is a spokeswoman for the Bloomington-based insurer. She says rates are being raised because of weather damage and the rising cost of building materials and labor.
This year's increase is more than the company's 2013 rate hike, which was 4.7 percent. In 2012, State Farm raised rates an average of 6.3 percent.
About one-third of Illinois homeowners have State Farm coverage.
See other LocalNews news:Highland Authorities Release Identity of 2 Fire Victims
Judge Orders Illinois to Pay Home Health Workers' Insurance
Cities, Counties Struggle During Illinois Budget Mess
Police Beat for Monday, October 30th, 2015
Centralia Orphan Fans Make Big Donation to Seth Lange's Toy Drive