Farmers Seeks 15 Percent Rate Increase for Texans' Homeowners Insurance
Homeowners covered by Farmers Insurance will see their second premium increase this year, the company told state regulators Friday, planning to boost the cost of most policies in Texas by an average of 15 percent.
The higher rates would affect 520,000 Farmers customers who have either a Texas Family Home policy or a Next Generation Homeowners policy.
The rates will take effect for new policies and renewals starting Sept. 18. Click here to read the full article.