From FOX 4 News Dallas-Fort Worth · Alex Boyer · · 1m 10s
Texas home insurance costs skyrocket as lawmakers debate solutions
Texas lawmakers investigate 79% home insurance cost surge for relief.
In brief
Texas lawmakers investigate 79% home insurance cost surge for relief. Texas home insurance premiums rose 79% from 2020 to 2026 due to home value increases and severe weather losses, with lawmakers seeking solutions before next legislative session. Originally reported by FOX 4 News Dallas-Fort Worth.
Texas lawmakers investigate home insurance costs
Texas state lawmakers are investigating rising homeowner's insurance costs in recent years for potential relief.
Home insurance premiums rose 79% from 2020 to 2026
Home insurance premiums increased 79% from 2020 to 2026 due to home value increases and severe weather losses.
Texas House Insurance Committee meets to address costs
Texas House Insurance Committee held a marathon meeting to investigate root causes and strategies for lowering insurance rates.
Average premium jumped from $2,000 to $3,500
The average homeowner's premium in Texas increased from under $2,000 in 2020 to over $3,500 in 2026.
Severe weather causes $5.8 billion in losses
Texas Department of Insurance Commissioner Amanda Crawford reported $5.8 billion in wind and hail damage losses in 2025.
Experts warn of insurance affordability barriers
Insurance experts say North Texas faces hail risks and high costs due to concentrated home populations.
The essence
Texas home insurance premiums rose 79% from 2020 to 2026 due to home value increases and severe weather losses, with lawmakers seeking solutions before next legislative session.
