What's REALLY Driving Up Texas Home Insurance Rates?

Texas home insurance rates have skyrocketed, making it one of the most expensive in the nation. Since 2018, rates have increased by 50.9%, with the average annual cost reaching $3,875 in 2023—113% higher than the national average. Texas ranks fourth among states with the highest home insurance rates for a $300k home, trailing Florida, Louisiana, and Mississippi. The high costs are due to severe weather events like hurricanes and winter storms, leading to many claims and higher payouts. With frequent climate disasters causing billions in damages, some insurers are even pulling out of coastal states, further driving up costs.    • How to Save BIG Money on Texas Electric Pl...   Connect with Teddy Couch: 📲 512-789-0308 🖥️ [email protected] http://goosehead.com/Teddy-Couch Connect with Omar Pineda 📲 626-487-7709 📧 [email protected] Resources 👇 Schedule a Discovery Call with me https://calendly.com/omarpinedarealto... 👇 See what your home is worth https://omarpineda.exprealty.com/sell... 👇Find your next Austin home https://omarpineda.exprealty.com/inde... Social Links: Website: https://omarpineda.exprealty.com/ Instagram:   / omarpinedajr   Facebook:   / omarpinedarealtor   LinkedIn:   / omarpineda   Timeline: 0:52 Why is home insurance in Texas getting MORE expensive 4:31 Flash Flooding 6:07 Benefits of an Insurance Broker 8:02 Home Insurance Costs New Construction VS Resale 11:23 Golden Rule Mature Trees Near Roofs 12:32 Rising National Insurance Rates 13:38 CLUE Report 16:25 Texas Rising Home Insurance Claims 22:16 Closing Thoughts