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Market
State Farm's market share in CA by end of 2024?
2
Resolution / Starting Odds
More than 20% • 33%
10% - 20% • 33%
Less than 10% • 33%
Market share reports from industry analysts or official industry publications
Story
State Farm Seeks 30% Home Insurance Rate Hike, Largest in California
Jun 28, 2024, 04:11 PM
State Farm has requested a significant increase in home insurance rates in California, seeking a 30% hike for homeowners and even higher rates for condos and renters. This move has raised serious questions from the state insurance commissioner, who has questioned the company's financial stability. The proposed rate increase is the largest ever requested by State Farm, indicating potential financial challenges for the state's largest insurer.
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State Farm increases market share • 25%
State Farm maintains market share • 25%
State Farm loses market share • 25%
State Farm exits market • 25%
State Farm remains solvent • 33%
State Farm declares insolvency • 33%
State Farm exits California market • 33%
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Uber increases market share • 25%
Lyft increases market share • 25%
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Ford • 25%
General Motors • 25%
Rivian • 25%
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Uber > 50%, Lyft < 20%, Waymo > 30% • 25%
Uber > 40%, Lyft > 20%, Waymo > 30% • 25%
Uber < 40%, Lyft > 20%, Waymo > 40% • 25%
Other • 25%