State Farm Plans Second Rate Hike in Eight Months for Home Policies

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State Farm Insurance told the state Thursday that it intends to raise its homeowners rate 4.5 percent statewide starting May 1, only eight months after the company boosted rates 8.8 percent, as reported by the Dallas Morning News. I have written many times about the ridiculous laws and regulations in Texas that have kept homeowners at or near the top of the list of insurance premiums in the nation.

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