State Farm’s plan to raise homeowners insurance rates by more than half a billion dollars in Illinois has reignited calls from consumer advocates to overhaul how the state oversees insurance rates. “Home insurance rates are on the rise in Illinois due to rising home replacement costs and more frequent severe weather

Many Illinois homeowners will soon see their home insurance rates skyrocket due to the increase in extreme weather events.

Illinois homeowners are facing a sharp increase in insurance premiums soon, as State Farm implements a hike for both new and renewing homeowners’ policies across the state. According to State Farm,