Natalie Todoroff

1 week ago | bankrate.com | Natalie Todoroff |Jessa Claeys

From 2007 to 2021, average renters insurance premiums fell by more than 28 percent, while average homeowners insurance rates increased by more than 31 percent. Over that same period, the gap between average renters insurance premiums and average home insurance premiums has grown by 378 percentage points. The gap between average renters and homeowners insurance rates from 2007 to 2021 grew the most in Oklahoma, Colorado and Rhode Island.

2 weeks ago | bankrate.com | Natalie Todoroff |Amelia Buckley

Like a good neighbor, State Farm is still there in California. However, homes in Golden State neighborhoods will see higher insurance bills. On May 13, State Farm was given the green light to raise homeowners insurance premiums by 17 percent. Renters and condo insurance were approved for a 15 percent hike, while rental owners policies were approved to increase by 38 percent. Policyholders can expect these new rates to go into effect upon renewals on or after June 1.

1 month ago | bankrate.com | Natalie Todoroff |Amelia Buckley

Ana Staples is a good driver: she’s defensive behind the wheel, hasn’t been in an accident and has no tickets on her record. But when her auto insurance policy renewed, she was hit with a 50 percent rate increase. Her monthly car insurance payment ballooned from $100 to $150. “My car was paid off, my driving record squeaky clean and my annual mileage low,” says Staples.

1 month ago | bankrate.com | Natalie Todoroff |Jessa Claeys

As of March 5, 2025, the California Department of Insurance has paid out more than $12 billion in claims related to the devastating January wildfires — but the recovery is just beginning. Insured losses from the Palisades and Eaton fires alone are estimated between $25 billion and $39 billion, meaning payouts so far represent only a fraction of what’s expected. And that’s just the insurance side. While Gov.

2 months ago | bankrate.com | Natalie Todoroff |Mariah Posey

The wildfires may be out, but that doesn’t mean Californians can rest easy. The January 2025 wildfires are on track to be the most expensive natural disaster in U.S. history — topping the damage done by Hurricane Katrina in 2005. Already, the California FAIR Plan has run out of money and called on private home insurance companies and homeowners across the state for financial aid. The Los Angeles wildfires have, expectedly, resulted in an onslaught of home insurance claims.