State Farm is raising Illinois homeowners insurance rates this summer. Here's why – and what advocates are calling for.

State Farm is planning a major rate hike for Illinois home insurance starting in August. The insurance company is raising its home insurance rates by 27% on average, the company confirmed in an email to CBS News Chicago.

State Farm home insurance rates rising Consumer advocacy groups are calling for government oversight of home insurance rates ahead of Bloomington-based State Farm increasing rates 27% next month. Illinois Public Interest Research Group said 1.