Share
More than 135,000 California renters with insurance through CSAA Insurance Exchange will see their rates climb 10%, after the California Department of Insurance (CDOI) approved the rate hike requested by the insurer.
The increase, retroactive to July 1, will boost average premiums by $179 to $209 per year, according to CSAA’s filing with the CDOI. But many policyholders will see annual increases of less than $10. Some will see no increase at all.
Approximately 117,000 policyholders face an average annual premium increase of $12. Another roughly 7,250 could see their premiums rise by $21 annually.
Besides approving the rate increase, the CDOI also gave the OK for CSAA to implement a number of changes to its renters policies, including:
Excluding from coverage additional “vicious” dog breeds and dogs with a history of biting
No longer covering personal property of a policyholder’s roommate
Excluding coverage for cryptographic assets like cryptocurrencies
No longer covering criminal liability and sexual assault liability
Excluding certain classes of e-bikes from coverage and sublimiting other classes of e-bikes
Excluding coverage for losses from solar disturbances and from constant or repeated seepage
The policy changes, including the rate increase, take effect July 1, 2025, and will apply to all policy renewals and new policies issued on or after that date.
)
)
10+ years in insurance and personal finance content
30+ years in media, PR, and content creation
Featured in
){kind=logo}
){kind=small}
){kind=small}
)
15+ years in content creation
7+ years in business and financial services content
Featured in
){kind=small}
){kind=small}
){kind=small}
){kind=small}
)
)
At Insurify, our goal is to help customers compare insurance products and find the best policy for them. We strive to provide open, honest, and unbiased information about the insurance products and services we review. Our hard-working team of data analysts, insurance experts, insurance agents, editors and writers, has put in thousands of hours of research to create the content found on our site.
We do receive compensation when a sale or referral occurs from many of the insurance providers and marketing partners on our site. That may impact which products we display and where they appear on our site. But it does not influence our meticulously researched editorial content, what we write about, or any reviews or recommendations we may make. We do not guarantee favorable reviews or any coverage at all in exchange for compensation.
15+ years in content creation
7+ years in business and financial services content
Featured in
)
)
)