Posted on January 24, 2025
By WMBD TV
ST. LOUIS – Allstate Insurance announces that it’s raising home insurance rates by more than 14% this winter for customers who live in Illinois.
The new insurance rates will take effect on Feb. 24 and will impact about a quarter million customers. The new price hike comes after the company implemented a 12% raise last year.
Allstate says reasons for the hike include an increase in severe weather and higher repair prices. State Farm increased its rates by about 12% last May and says it does not plan to raise them this year.
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Alice J. Roden started working for Trending Insurance News at the end of 2021. Alice grew up in Salt Lake City, UT. A writer with a vast insurance industry background Alice has help with several of the biggest insurance companies. Before joining Trending Insurance News, Alice briefly worked as a freelance journalist for several radio stations. She covers home, renters and other property insurance stories.