Starting in April, Allstate will raise its average rates for condo insurance by 30%, according to a filing with the California Department of Insurance.
Allstate’s approximately 78,000 condo insurance customers in the state can expect to see their rates change at the first renewal date following April 1, the filing shows. Some may see their rates decline as much as 25%, while others will have their rates double. Filings show the majority of policyholders will see increases of 15% to 30%.