HPPR hosts & contributors
Mon December 23, 2013
Texas Homeowners Insurance Rates No Longer Highest in the Nation
Texans are no longer pay the highest homeowner rates in the nation. They’re third highest. KUT News reported rates are higher because figures not include the cost of windstorm insurance.
There is a silver lining.
“Texas rates have probably been the most stable. All of the others have shot up," says Mark Hanna of the Insurance Council of Texas. "There are various reasons for that. This ... report is now including accurate windstorm data and that’s bumped up Florida and Louisiana. The other states, just weather: Mississippi, Oklahoma and Alabama. All of those have had very violent thunderstorms and they have a history of it.”
Florida has the highest homeowners insurance rates in the nation.