Why did my State Farm home insurance go up?

State Farm wrote $31.46 billion of homeowners direct premium in 2024, 18.2% of the U.S. total excluding territories, before reinsurance. A renewal that jumps can be a statewide rate change, a change in your replacement cost or other rating factors, or both. The declarations page and the rating worksheet separate those pieces. This site cannot see your worksheet. [22]

Needs verificationNo State Farm rate order, withdrawal, or nonrenewal moratorium for 2025 or 2026 was confirmed in this review outside any state named above. That is not evidence the company filed nothing. Search SERFF Filing Access and the state department’s rate-filing search. [26]

Needs verificationThe company name on a Florida policy is often different from the company name on a Midwest policy. Read the insurer on the declarations page before you assume a California settlement, or a national news story, applies to your contract. [4]

Public rate filings are posted in SERFF Filing Access when a state participates. Search the company and the homeowners line. A filing is a request until the regulator acts on it. Unless a row above cites a regulator or company release, this review did not download that company’s SERFF PDF. [26]

In 2024, 715 homeowners companies with at least $50,000 of direct premium in a state had 103,289,334 policies in force and wrote $165.2 billion of direct premium, about $1,600 per policy. [19]

Adjusted for inflation, average premium per policy rose between 18.3% and 43.3% across NAIC zones from 2018 to 2024, which the NAIC describes as about 2.4% to 5.3% a year. The largest moves were in 2023 and 2024. These are zone figures. A street, a ZIP code, or one company can sit far from the zone average. [19][20]

Insurers reported 2,019,799 company-initiated homeowners nonrenewals in 2024. The rate per 1,000 policies rose between 96% and 216% by zone from 2018 to 2024. [19]

The latest state-by-state HO-3 averages republished by the Insurance Information Institute are for 2022, from NAIC data (a May 2025 NAIC study, as Triple-I describes it). The U.S. average was $1,569, up 11.2% from 2021. The figure is premium divided by house-years for the HO-3 owner-occupied form, and it includes state funds, residual markets, and some wind pools. The NAIC does not rank states and does not endorse rankings others draw from the data. [22]

Triple-I said on 17 December 2025 that structural replacement costs had risen nearly 30% over the prior five years, and it forecast 11.8% growth in homeowners net written premium for 2025. That growth figure is a forecast, not a closed result. [23]

In ISO data for 2023, republished by Triple-I, wind and hail were 42.5% of homeowners incurred losses, water damage and freezing 22.6%, and fire and lightning 21.6%. About 5.3% of insured homes had a claim. The ISO tables exclude Alaska, Texas, and Puerto Rico, so they are not a Texas loss split. [22]