Massive rate hike coming as California insurance giant makes staggering revision
California homeowners in fire-prone areas will face an average insurance premium increase of 30% starting in October. The FAIR Plan, which provides basic fire coverage, is raising rates due to financial strain from recent wildfire claims. Homeowners' rate changes will vary significantly based on their property's wildfire risk.
- ▪The average FAIR Plan rates will increase by 29% effective October 15, down from a previously requested 36%.
- ▪Around half of the 663,000 homeowners covered by FAIR will see increases between 30% and 50%.
- ▪Some homeowners in high-risk areas may experience premium hikes as steep as 200%, while about a quarter will see their premiums decrease.
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Metro Massive rate hike coming as California insurance giant makes staggering revision By Katie Jerkovich Published May 20, 2026, 8:54 p.m. ET See more of our coverage in your search results. Add The California Post on Google California homeowners in fire-prone areas will be slugged with an average insurance premium hike of 30% in October. FAIR Plan is the state’s insurance program, which provides basic fire coverage for those in the California with “high risk properties” that major insurers won’t cover. The program warned last year they were running out of money after paying out thousands of claims to victims of Los Angeles devastating Palisades and Eaton Fires — and it appears policy holders will now pay the price.
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