From Kiplinger · · 1m 10s
State Farm Raises Illinois Home Insurance Rates 8%
State Farm hikes Illinois home insurance rates 8% for 2026, adding $10 monthly to average bills.
In brief
State Farm hikes Illinois home insurance rates 8% for 2026, adding $10 monthly to average bills. State Farm increased Illinois homeowners insurance rates 8% in 2026, adding about $10 monthly to average bills. Originally reported by Kiplinger.
State Farm Raises Illinois Home Insurance Rates
State Farm increased Illinois homeowners insurance rates 8% in 2026 for the second year in a row.
8% Rate Increase Adds $10 Monthly
The 8% increase adds about $10 per month to the average Illinois homeowner's insurance bill.
Rate Hike Takes Effect in December
Existing policyholders will see increases when their policies renew starting in December 2026.
Extreme Weather Drives Rate Hike
State Farm says losses from extreme weather caused the rate increase.
More Storms Mean Higher Claims
As storms become more frequent, insurers pay out more in claims to repair or replace insured property.
Illinois Law Changes Rate Oversight
Illinois Governor JB Pritzker signed House Bill 4273 to strengthen oversight of homeowners insurance rates.
How to Lower Premiums
Shop around for insurance, review coverage, consider a higher deductible, and ask about discounts to lower premiums.
The bottom line
State Farm increased Illinois homeowners insurance rates 8% in 2026, adding about $10 monthly to average bills.
