05/05/2024
Homeowners insurance rates have risen dramatically in Texas!
How to lower your homeowners insurance rates:
It may feel like the factors fueling the rate hike are out of your control. However, there are still ways homeowners can lower their monthly premiums.
Shop around for better rates
While most insurers consider the same factors when calculating premiums, they weigh them differently. So it pays to get quotes from at least three other providers.
Look for carriers that are financially solid and able to pay out claim benefits.
Home insurance rates are increasing nationwide, with Texas experiencing a dramatic 59.9% rise from 2018 to 2023.
“We know the trajectory of climate risk,” says Benjamin Collier, a risk management and insurance professor at Temple University in Philadelphia. “As we expect the risks to go up, the costs of insurance have to go up over the next couple of decades.”
Full report: https://rltor.cm/wbur4m
📍Try our app and use our map filters to get climate risk information on your area: https://rltor.cm/19bgcd