Texas home insurance prices now second highest in the nation and rising

An expert explains the factors that are continuing to drive prices up.

[MatthewYoink]

What do you expect when a starter home goes from 200k to 400-500k?

[m]

yup my premimum shot up almost $1000 more this year for renewal, and that's the cheapest I've been able to find while getting quotes from other companies!

[ivanrodriguez]

yet salaries have stayed the same in the past five years...

[dam.]

The answer is to start budgeting up? Lol you can "budget-up" all day long but if prices keep going up, eventually you'll fall out of the budget. Wtf

[Cbcw]

Texas Guv's a huge beneficiary from the insurance agencies. BIG donors give him fortunes.

[jonc]

Im in dfw area. My premium went frlm 1600, to 3000 in 1 year, and now my renewal is saying 8000!!!

[cannotbeshaken]

The state can stop approving all the insurance companies requests for the rise in price. The state has to approve these. Don't give me this bull that it can't be fixed.

[shadaeChevelle]

These outrageous prices are pushing people out of these states (NY NJ FL TX) 💔🥴 Where are these people supposed to go? What states are still affordable?

[lonevoice]

All those “unprecedented weather events”

[deedeldeedle]

Q: “Could prices come back down!”
A: “No.”

[beepbop]

My TX homeowners policy renewal increasing 220% from last year with no changes or claims. WTF?!? 🤦

[bruh_hahaha]

even higher than Florida?! I don’t think so.

[carlosenriquez]

Our home is paid for so we are able to forego insurance however that doesn't mean you can do it without preparing we have replacement value set aside.