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Wednesday, September 16, 2026

U.S. 100 dollar notes are seen at a bank in this picture illustration in Seoul

U.S. 100 dollar notes are seen at a bank in this picture illustration in Seoul September 20, 2011. REUTERS/Lee Jae-Won/File Photo Purchase Licensing Rights, opens new tab

Heavy debt issuance, including by companies financing record AI-related spending, has added to the move by creating a larger supply of bonds for potential ‌buyers ⁠to choose from and limiting the prices that sellers can demand.

Traders are also focused on the deteriorating U.S. fiscal trajectory, with some arguing that Washington's widening deficits and rising debt load require a higher ⁠yield premium to keep drawing buyers. A still-resilient U.S. growth outlook has also underpinned the move.

Some analysts view 5% on the 10-year as ⁠a critical line that could make bonds more competitive with stocks, potentially pulling dollars out of equities. Higher Treasury yields ⁠also flow through to the broader economy through costlier mortgages, auto and consumer loans, and more expensive corporate and municipal borrowing.

Reporting by Karen Brettell; Editing by Nick Zieminski and Andrea Ricci

Why Farmers can be more expensive

Why Farmers can be more expensive

Insurance companies don't use identical pricing models. Even with the same driver, vehicle and coverage, Farmers and Progressive can assign different prices based on their own claims experience, repair-cost assumptions, territory, mileage, discounts and other California-permitted rating factors.

California auto insurance prices generally have also risen substantially. The Los Angeles Times reported in March 2026 that California's largest insurers received approval for average increases of about 13% in 2023, 15.4% in 2024 and another 6% in 2025, with rising vehicle/parts/repair costs among the factors.

California also raised its minimum liability requirements beginning January 1, 2025, from the old 15/30/5 minimum to 30/60/15, which can raise premiums for people who previously carried lower limits.

Farmers specifically

Independent 2026 pricing data also finds Farmers relatively expensive. Insure.com's national comparison puts average Farmers full coverage around $257/month, compared with approximately $223/month for Progressive. These are averages—not what any particular driver will pay—but they line up directionally with your quotes.

There are also public comments that sound very similar to your situation. A California Farmers customer wrote in May 2026 that they had been happy with Farmers for years but were shopping because they needed a better price. Another recent reviewer complained about repeated price increases.

On Reddit, one California driver reported Farmers jumping to about $3,600 at renewal while Progressive quoted about $2,100 for similar coverage. Another Bay Area Farmers customer said their insurance cost had roughly doubled over several years. These are individual experiences rather than statistical evidence, but they show you're definitely not the only person seeing a large Farmers/Progressive price gap.

One interesting point about your quotes

Your Progressive quote isn't cheaper simply because you're buying much worse coverage:

Farmers: $1,472
Progressive: $1,131
Savings: $341/6 months = $682/year

And Progressive gives you $50k/$100k uninsured/underinsured bodily-injury coverage, compared with $30k/$60k at Farmers.

Farmers does have the advantage of a $750 comprehensive deductible instead of Progressive's $1,000, plus some differences in glass/declining-deductible benefits.

One thing I would watch carefully is Progressive's renewal price. A low initial quote doesn't guarantee that the same $1,131 price will continue at the next six-month renewal.

If you want, I can also check current California customer experiences with Progressive—especially whether people report big increases after the first 6-month policy. That would be useful before you switch.

yes

Yes. I checked recent 2026 reviews plus California Department of Insurance information, and there are definitely reports of Progressive premiums increasing at renewal. But I wouldn't assume your $1,131 quote will automatically jump dramatically after six months.

What I found

Recent Progressive customers have reported renewal increases even without an accident. For example, an August 2026 reviewer said their premium increased $152 after the first six-month period, despite reporting no accidents or claims. Another May 2026 reviewer reported about a 25% increase after six months, attributing part of it to an introductory/e-sign discount ending. These are individual customer reports, not representative averages.

There are similar discussions on Reddit. Some longtime Progressive customers report increases at successive renewals even without claims, while others point out that insurance rates can change because of broader underwriting and claims-cost changes rather than something the individual driver did. Again, these are anecdotes rather than evidence that your rate will rise by the same amount.

Importantly, I didn't find evidence showing that Progressive has announced a universal large California renewal increase for everyone in 2026. California's Department of Insurance provides a public database where Progressive's actual rate filings can be checked.

California's 2026 complaint study also lists both companies. Farmers Insurance Exchange had 35 justified complaints on approximately 944,456 exposures, while Progressive Select had 15 on approximately 337,462 exposures. Because their customer exposure differs substantially, the raw complaint counts shouldn't be compared by themselves; CDI reports complaint ratios for that reason.

What this means for your $1,131 quote

Your current numbers are:

Farmers: $1,472 / 6 months
Progressive: $1,131 / 6 months
Immediate difference: $341

Suppose Progressive increased your next renewal:

Hypothetical Progressive renewal	6-month premium	Compared with current Farmers
No increase	$1,131	$341 lower
+10%	$1,244	$228 lower
+20%	$1,357	$115 lower
+25%	$1,414	$58 lower
+30%	$1,470	About the same

So Progressive would have to rise roughly 30% from your current quote before reaching Farmers' current $1,472 price.

Also remember that your Progressive coverage is not simply lower across the board: you showed $50k/$100k uninsured/underinsured BI, versus Farmers' $30k/$60k. Farmers does have the better $750 comprehensive deductible, versus Progressive's $1,000.

One thing I'd specifically ask Progressive before purchasing is: “Which discounts included in my $1,131 premium are new-customer or first-policy-term discounts that will disappear at my first renewal?” That can help you understand whether part of the $341 difference is temporary.

California Department of Insurance Rate Filing Search

House Hold Driver and Undisclosed Driver

Household Drivers = people who live in your household and may drive your vehicles. This can include your spouse/partner, adult children, relatives, or roommates, depending on the insurer’s rules. The quote shows $100,000 per person / $300,000 per accident bodily-injury liability for this category.

Undisclosed Drivers = someone who lives in your household or regularly uses the vehicle but was not listed/disclosed to the insurance company as a driver. Your quote shows much lower bodily-injury limits for them: $30,000 per person / $60,000 per accident, and property-damage liability of only $15,000 per accident.

So, for example, if you have a family member living with you who regularly drives your 2022 Accord but you didn't tell the insurer about that person, they could be treated as an undisclosed driver. That could significantly reduce the coverage available after an accident.

The important part of your quote is:

Driver type	Bodily Injury	Property Damage
Household/listed driver	$100k / $300k	$100k
Undisclosed driver	$30k / $60k	$15k

If everyone in your household who drives your cars is properly listed on the policy, the Undisclosed Drivers limits generally aren't the limits you'd expect to apply to your own normal driving.

If you want, I can also go through your entire quote line by line and tell you which coverages I would consider increasing or decreasing for your 3 vehicles.

US 10-year yields reach 5%, highest

in the 10-year notes was last up 3.51 basis points at 5.01%.

source : copy from Reuters News

September 14, 20267:27 AM PDT

Updated September 14, 2026

NEW YORK, Sept 14 (Reuters) -

Benchmark 10-year U.S. Treasury yields climbed above 5% on Monday, the highest level since October 2023 and a closely watched psychological threshold that analysts say ‌could ripple through the U.S. economy and threaten the bull market in stocks by denting the relative appeal of U.S. equities.

“အမေရိကန် စတော့ရှယ်ယာတွေကို ရင်းနှီးမြှုပ်နှံဖို့ ဆွဲဆောင်မှုကို အားနည်းသွားစေခြင်းကြောင့်”ဒီနေရာမှာ denting = အားနည်းစေခြင်း / လျော့ကျစေခြင်း
relative appeal = အခြားရင်းနှီးမြှုပ်နှံမှုတွေနဲ့ နှိုင်းယှဉ်တဲ့အခါ ဆွဲဆောင်မှု
U.S. equities = အမေရိကန် စတော့ရှယ်ယာများ

Yields have surged as traders price in the possibility that the Federal Reserve will need to keep interest rates higher ⁠for longer, after a jump in oil prices revived fears of renewed inflation pressure. Price pressures have already been running well above the central bank's 2% annual target.

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Business

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Learnology

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Wednesday, September 16, 2026

U.S. 100 dollar notes are seen at a bank in this picture illustration in Seoul

Why Farmers can be more expensive

Farmers specifically

One interesting point about your quotes

What I found

What this means for your $1,131 quote

House Hold Driver and Undisclosed Driver

US 10-year yields reach 5%, highest

US 10-year yields reach 5%, highest

since 2023

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Business

Holtec Nuclear suspends planned US IPO, Bloomberg News reports

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U.S. 100 dollar notes are seen at a bank in this picture illustration in Seoul