CA Approves Allstate Raising Home Insurance Rates By 34%

Sticker shock is coming to 350-thousand California homeowners insured by Allstate.  The company has been approved to raise rates by an average of 34 percent.  That’s the highest increase here in the past three years.  The change all depends where customers live.  Some could actually see rates drop by as much as 57-percent while at least one bill will soar nearly 650-percent.  Allstate is only renewing policies, not writing new ones.  State Farm is also asking the state to approve a 30-percent rate hike.