California FAIR Plan Rates Jump Nearly 30% As Homeowners Seek Wildfire Insurance Alternatives

CBS San Francisco, CBS Los Angeles

October 16, 2026

California homeowners are facing another financial blow as insurance rates under the state's FAIR Plan increase by an average of 29.1% starting Thursday.

The California FAIR Plan provides basic fire insurance to property owners who cannot obtain coverage through traditional insurance companies. Although created by the state, the program is operated and funded by private insurers.

As insurance companies pull back from wildfire-prone areas, more homeowners have been forced to rely on the FAIR Plan, often paying significantly higher premiums for more limited coverage.

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