State regulators have given two insurance companies the approval to raise rates for thousands of customers across California.
Beginning in late March, homeowners, condo owners and dwelling rental policyholders with Mercury General , the fifth-largest home insurer in the state, will see rates raised by 12% on average.
About 579,300 customers will be impacted.
California Insurance Commissioner meets with State Farm regarding rate hike request
Additionally, customers who have home insurance with Safeco, a subsidiary of the fourth-largest insurer Liberty Mutual, will see rates rise by an average of 7.2% in May. About 86,700 customers are affected…