Insurance rates rising again

Three of Alabama’s four largest home insurers are raising rates, although State Farm Fire & Casualty Co., the state’s largest, is giving coastal residents something of a break.

No. 1 State Farm, No. 2 Alfa Mutual group and No. 4 Farmers Insurance Group — the firms that have won state approval for increases — together control 57 percent of the state’s homeowners market.

Company officials said costs to policyholders will vary on where they live, their house and other factors. All said the rate increases are meant to make sure they have money to cover future losses

Three of the four largest homeowners insurance companies in the state are raising their rates