Tag: texas home insurance

Homeowners insurance up 21 percent in Texas

H. Cutner
Texas Homeowners Insurance

Data shows premiums have skyrocketed since 2009 for home coverage in the state. Though the premiums for homeowners insurance in Texas have been the most expensive among all of the states for a long time, recent data has revealed that they have climbed 21 percent since 2009. This increase is much faster than the rate hikes seen in most other states. This data came from a report released by the Texas Department of Insurance. This same report identified a number of different factors that have contributed to the increases in…

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Homeowners may see less coverage following changes made by State Farm

State Farm has announced that it will be making changes to the deductibles in its homeowner insurance, and consumer advocates are concerned that this will decrease the amount that will be paid on consumers’ claims. The insurer also released a notice to insurance regulators in Texas, stating its intentions to increase homeowner insurance rates, starting in October, by an average of 9.6 percent. State farm is the largest insurer in the state. It also announced that, starting in December, it would be moving all of its current customers over to…

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