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Illinois auto and home insurance rates keep rising as Allstate, State Farm plan double-digit hikes

Inflation may be moderating, but home and auto insurance premiums are still going through the roof in Illinois, with double-digit rate increases baked into this year’s bills and no relief in sight. Allstate is hiking homeowners insurance rates by 12.7% this week, while State Farm is planning a 12.3% increase in May, according to separate state filings by both Illinois-based companies. . ....

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