Illinois Insurance Reform Is Now Law – The Protection Starts July 2027 and State Farm’s 27% Hike Hits in 11 Days

That is why State Farm filed a 27.2 percent Illinois homeowners increase for August 15, 2026 — and it went through. What SB 714 Does for Illinois DriversSenate Bill 714 — the auto insurance reform — does three specific things that will materially change how Illinois drivers experience insurance renewals. That specific provision was Pritzker’s most personal issue — he had publicly identified disaster cost-shifting as a primary driver of Illinois homeowners rate increases. And it is 11 months after State Farm implements a 27.2 percent Illinois homeowners rate increase on August 15 — 11 days from now. Illinois Auto Insurance — Still the Most Expensive Calculation in the RoomThe auto reform also does not take effect until July 2027.