06/02/2026
Repost—
California FAIR Plan premiums are set to rise an average of 29% beginning Oct. 15, adding another layer to California’s ongoing insurance challenges. The FAIR Plan — the state’s insurer of last resort for homeowners unable to secure traditional coverage — has seen record growth in recent years as many private insurers reduced their exposure in wildfire-prone areas.
For REALTORS®, insurance is increasingly becoming a critical part of the transaction conversation. Buyers may need to factor higher premiums into affordability calculations, while sellers should be prepared for questions about insurability, claims history, and mitigation features.
There are also signs the broader market may be stabilizing. State officials say FAIR Plan growth has slowed in 2026, and several private insurers have recently filed for relatively modest rate increases below 7%, signaling continued participation in California’s market.
Check out Check out C.A.R.’s Insurance Hub at www.car.org/insurace or link in bio for a comprehensive set of updated resources.
