Another Insurer Hiking Homeowners Rates in California

MAPFRE gets OK from state regulators to raise rates by 6.5% for more than 8,000 home, renters, and condo policyholders.

Evelyn Pimplaskar
Evelyn PimplaskarEditor-in-Chief, Director of Content
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  • 30+ years in media, PR, and content creation

Evelyn leads Insurify’s content team. She’s passionate about creating empowering content to help people transform their financial lives and make sound insurance-buying decisions.

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Chris Schafer
Edited byChris Schafer
Chris Schafer
Chris SchaferDeputy Managing Editor, News and Marketing Content
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  • 7+ years in business and financial services content

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John Leach
Reviewed byJohn Leach
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John LeachLicensed P&C Agent, Chief Copy Editor
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John is Insurify’s Chief Copy Editor, helping ensure the accuracy and readability of Insurify’s content. He’s a licensed agent specializing in home and car insurance topics.

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California regulators approved a request by MAPFRE Insurance Company, a relatively small insurer in the state, to increase home insurance rates by 6.5%. The approval means policyholders whose contracts with the insurer renew after April 4, 2025, can expect their premiums to increase.

The higher rates will also apply to new business underwritten after the effective date.

Premium increases range as high as $693

More than 100 homeowners in Coto de Caza, Trabuco Canyon, Rancho Santa Margarita, and Lake Forest will see an annual increase of $693, according to MAPFRE’s filing with the California Department of Insurance.

More than 250 homeowners with MAPRFE HO-3 and HO-5 policies will see their annual premiums rise between $500 and $667. A handful of policyholders in Roseville, Orangevale, Morro Bay, Elverta, and parts of Sacramento, Placer, and Sutter counties will see annual increases between $30 and $40.

Approximately 879 renters and condo policyholders will face annual rate increases ranging from $1 to $240. Under MAPFRE’s filing, 547 policyholders could actually see annual premium decreases as high as $24.

What’s next?

The approved rate increases take effect on April 4, 2025. If an insurer decides not to renew a policy, California law requires them to give policyholders written notice at least 75 days before the policy expires. The written notice must include the insurer’s reasons for not renewing the policy.

Evelyn Pimplaskar
Written byEvelyn PimplaskarEditor-in-Chief, Director of Content
Evelyn Pimplaskar
Evelyn PimplaskarEditor-in-Chief, Director of Content
  • 10+ years in insurance and personal finance content

  • 30+ years in media, PR, and content creation

Evelyn leads Insurify’s content team. She’s passionate about creating empowering content to help people transform their financial lives and make sound insurance-buying decisions.

Featured in

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Evelyn leads Insurify’s content team. She’s passionate about creating empowering content to help people transform their financial lives and make sound insurance-buying decisions.

Chris Schafer
Edited byChris SchaferDeputy Managing Editor, News and Marketing Content
Chris Schafer
Chris SchaferDeputy Managing Editor, News and Marketing Content
  • 15+ years in content creation

  • 7+ years in business and financial services content

Chris is a seasoned writer/editor with past experience across myriad industries, including insurance, SAS, finance, Medicare, logistics, marketing/advertising, and many more.

Featured in

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John Leach
Reviewed byJohn LeachLicensed P&C Agent, Chief Copy Editor
Photo of an Insurify author
John LeachLicensed P&C Agent, Chief Copy Editor
  • Licensed property and casualty insurance agent

  • 10+ years editing experience

  • NPN: 20461358

John is Insurify’s Chief Copy Editor, helping ensure the accuracy and readability of Insurify’s content. He’s a licensed agent specializing in home and car insurance topics.

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