Texas Homeowners Rates- How Does Texas Stack Up in 2013
For many years Texas had the highest homeowners rates in the nation. This was due to the number of wind and hail storms that cause property damage and the population density throughout TX.
According To the Dallas Morning News “Florida and Louisiana now rank first and second in premiums paid by homeowners. Those states were just below Texas a year ago, but both saw larger annual rate increases than Texas in recent years
The average annual cost of the most commonly sold policy in Texas was listed at $1,578, well above the national average of $978. That figure represented an increase of about 1 percent from last year.
Florida soared to No. 1 with an average premium of $1,933, while Louisiana jumped to $1,672. Experts said part of the reason for the huge increase in Florida was the inclusion of coastal policies issued by the state’s windstorm insurance pool. Texas has included those policies in its statewide totals for years.”
The average may be $1,578 , but there are still rates out there under 1,000 a year, depending on your individual circumstances. Here are some factors that can affect your rates.