> Allstate approved to hike California homeowner insurance rates 34%
Allstate approved to hike California homeowner insurance rates 34%
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Description
In a matter of months, most California homeowners insured through Allstate can expect a huge increase in their premiums.
The state's insurance commissioner has just approved a 34.1% rate increase. It's the most dramatic hike by a major insurer in California in the past three years.
This newly approved rate hike for Allstate customers is set to roll out in November, and will impact more than 350,000 policy holders across California.
FULL STORY: https://www.cbs8.com/article/money/allstate-hike-california-homeowner-insurance-34/509-58720f3c-1a04-4859-98c6-35418f757ed9