Allstate to raise Illinois home insurance rates by over 14%

Posted on January 24, 2025
The new insurance rates will take effect on Feb. 24. (Photo courtesy: AllState/Facebook)

By WMBD TV

ST. LOUIS – Allstate Insurance announces that it’s raising home insurance rates by more than 14% this winter for customers who live in Illinois.

The new insurance rates will take effect on Feb. 24 and will impact about a quarter million customers. The new price hike comes after the company implemented a 12% raise last year.

Allstate says reasons for the hike include an increase in severe weather and higher repair prices. State Farm increased its rates by about 12% last May and says it does not plan to raise them this year.

WMBD TV can be reached at [email protected].

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