A market survey by Texas independent insurance agents has found Gulf Coast property insurance costs have risen up to 20 percent this year but slightly lower premium rates are available elsewhere in the state.
The annual Personal Lines Market Survey conducted by the Independent Insurance Agents of Texas also found that premiums for personal auto insurance are lower than or unchanged from last year, with the exception for the coastal regions.
Robert Hempkins, IIAT president said “Texas independent agencies report having access to more insurance companies this year. Coupled with a largely catastrophe-free year in 2006, this has created a competitive market that is good for consumers.”
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