As Texas lawmakers debate property tax relief and exemptions, another urgent affordability issue is on the rise: skyrocketing homeowners insurance premiums. In 2024 alone, home insurance rates in Texas rose by 22%, according to the Texas Department of Insurance, as reported by the Fort Worth Star-Telegram. These increases are pricing out prospective buyers and pushing some homeowners to consider dropping coverage altogether.
Insurance companies operating in Texas closed almost half the claims filed by homeowners last year without paying anything, part of a rising trend that is shifting more costs onto property owners
Home insurance premiums have been rising sharply across the U.S., especially in Texas, due to a combination of climate-related risks, economic pressures, and shifts in the insurance industry.
Have you ever looked at your homeowner’s insurance policy and thought, “I have no idea what any of this means”? If so, you’re not alone—and it could cost you.
Two new lawsuits filed in Los Angeles are shining a spotlight on a worsening insurance crisis in California. Complaints allege that major home insurance companies, including State Farm, have colluded to limit coverage in wildfire-prone communities, forcing homeowners onto the state-run FAIR Plan. This last-resort plan offers only basic coverage and comes with high premiums, leaving thousands of policyholders underinsured and financially vulnerable after recent disasters.
As severe weather season approaches in Minnesota, many homeowners are taking a closer look at their property insurance—only to find that coverage isn’t what it used to be.
