Two major insurers in California plan on raising rates by double digits for single-family homes, which could cause premiums to skyrocket.

The AAA-affiliated Interinsurance Exchange of the Automobile Club applied to raise rates for homeowners by 11.2%, while rates for condos and people renting a home would drop by 20.5% and 27%, respectively, according to the San Francisco Chronicle , citing new filings with the California Department of Insurance.

If approved, the impact would vary , with some seeing a decrease by as much as 80% while others could go from paying around $1,650 a year to $13,100, the outlet reported.

The Interinsurance Exchange of the Automobile Club applied to raise rates for single-family homes by 11.2%.…