Condo, renter, and home insurance rates are skyrocketing for many customers across the Bay Area and California, with more increases looming.
State Farm Insurance is asking for another 30% hike for homeowners and waiting for state regulators to approve the request. All State just got the green light to raise its home insurance rates by an average of 34%.
Glen Starkey still puts in the work to minimize any risks that home insurance companies may frown upon.
“I play ball with them,” said Starkey.
He’s never submitted a claim for any of his properties in his lifetime. His rates with State Farm have remained steady, with minimal increases along the way.
“I won’t suffer like some of the other people who have been dropped and don’t have the income,” said Starkey.
Starkey is in a low fire risk neighborhood in San Rafael. But other homeowners living farther north in parts of Santa Rosa feel they’re being burned.
“Because of the fires around here, they say my home is in the fire zone. So they added $1,200 to it. So now instead of $900 a month it’s $2,100. How do I pay that?” said a homeowner who asked not to be identified.