The three states with the highest home insurance rates are all controlled by Republicans. Texas likes to brag about how cheap it is to live here, but they fail to mention the high insurance cost. House insurance, coupled with the need to buy flood insurance in too many places, keeps mortgages out of the range of most working people.
From the Texas Government Website.
Car insurance is also extremely expensive because to protect yourself, you should carry insurance to cover you against all those people who don’t have car insurance in Texas. TexasSure is designed to reduce the number of uninsured drivers and cut costs for responsible Texans, who now pay almost $900 million a year to protect themselves against those with no coverage. Currently, an estimated 20 percent of Texas drivers are uninsured.
The automated database is a joint project of Texas’ departments of motor vehicles, insurance, public safety and information resources, and quickly identifies vehicle owners without mandatory insurance coverage.
More information about insurance verification is available on the TexasSure website.
From the Houston Chronicle:
When Maryann McGregor retired in 2020, she and her husband considered downsizing and selling their four-bedroom home in Clear Lake to their adult son. The couple had lived there for nearly four decades, and the house was paid off.
Then their home insurance bills started to skyrocket. Two carriers stopped providing coverage, and Allstate, which had been charging them $3,300 in 2020, is no longer writing new policies in their zip code. Now they’re paying $8,000 for a policy from a little-known start-up. Their wind and hail deductible has jumped to $28,400 — twice what they paid to replace the roof last year.
McGregor worries about burdening her son with the new costs.
“It would be a huge impact on him to have that big insurance bill on top of the tax bills,” she said. “The insurance is more than the taxes now.”