Mobile, AL – Homeowners insurance companies say they're raising rates for Alabama customers.
State Farm, the company that sells the most homeowners insurance in Alabama, says it needs more money to assure it can pay future claims. Other major insureres in the state concur.
The average rate increases statewide range from about 6 percent to about 26 percent.
State Farm and Alfa Mutual, another company with a substantial share of the Alabama market, had lowered their rates in recent years.
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