The Texas Department of Insurance issued an order announcing that it has approved the proposed rate filings made by the Texas FAIR Plan Association.
The Association provided actuarial justification for the proposed rate changes, including the use of the loss ratio method and estimates of future costs. The changes resulted in overall statewide average decreases for homeowners, condominium, and tenants policies, and an increase in dwelling fire and dwelling extended coverage policies.
The overall statewide average changes by policy type are as follows:
- Homeowners:-2.6%
- Condominium: -7.5%
- Tenants: -25.0%
- Dwelling fire: 3.5%
- Dwelling extended coverage 21.6%
The rates are effective on September 1, 2026.
The order can be found here.