Sangamon Digest

State Farm is raising Illinois homeowners’ insurance rates by an average of 8%, citing rising costs from more frequent and severe weather, 25News Now reports. The increase applies to new policies as of Oct. 1 and to renewals starting Dec. 1.

In a statement, the Bloomington-based insurer said it has paid $1.22 in claims and expenses for every $1 in premiums collected in Illinois over the past three years. The hike comes before two new state laws take effect July 1, 2027, giving the Illinois Department of Insurance authority to review and approve home and auto rate changes. State Farm opposed that legislation, which passed a little more than a year after the company announced an average 27.2% homeowners increase.