Insurance companies are a freaking scam. Our company tried to give us a like 15% hike, we called them and asked "wtf" and they said that it was a "mistake" and will be reversed. Right, more like you didn't want me to notice or thought I would just pay it. Nope, you screw with me I will just find a different company. Archive: https://archive.today/m6ibr From the post: >>State Farm has sparked fierce backlash by hiking home insurance rates in Illinois by 27.2 percent, adding $746 to the average bill. The insurer insists the hike is unavoidable, claiming it is paying out far more in claims than it collects in premiums in the state. For every $1 collected in the state in 2024, the company says it paid out $1.26. The year before, the sum it paid out was even higher, at $1.30. Hail damage is the main culprit, the company said, with Illinois trailing only Texas for the number of hail-related claims last year. Rising labor and material costs have also driven up repair expenses. But lawmakers have blasted the price hikes, which could hit policyholders as soon as August 15.