Texas Home Insurance Rates Are Decreasing: Will My Premium Drop?

Short answer: Maybe, but not automatically. On October 8, 2026, the Texas Department of Insurance reported that most homeowners insurers filing rate changes since July 1 proposed decreases, with filed homeowners rate changes averaging a 4.3% decrease across about 700,000 policyholders. A company filing a lower rate does not guarantee that every homeowner’s renewal premium will fall by the same amount.

Why a statewide rate decrease does not equal your personal renewal

Insurance rates are the pricing factors approved or filed for a group of policies. Your premium is the price of your specific policy. Your renewal can still change because of the home, location, coverage limits, deductibles, endorsements, discounts, claims history where permitted, replacement-cost estimates and other rating factors.

The useful question is not only, “Are Texas rates going down?” It is: Did my insurer change its rates, and did anything else on my policy change at renewal?

What should you compare on your renewal?

Check	Why it matters
Annual premium	Shows the total renewal price, but not what caused the change.
Dwelling limit	A higher replacement-cost estimate can raise premium even if filed rates decrease.
Wind/hail deductible	A percentage deductible can materially change what you pay after a storm.
Other deductibles	Make sure the renewal did not quietly shift more risk to you.
Endorsements	Added or removed coverage can change both price and protection.
Discounts	Confirm any prior discounts still apply.

What did Texas actually report?

TDI said that, among insurers filing changes since July 1, 2026, most homeowners filings proposed decreases. It cited examples including ASI Lloyds at 6% and Texas Farm Bureau Mutual at 5.2% for affected policyholders. Those are filing-level changes, not a promise that each insured home will see that exact change.

What if your renewal still went up?

Ask for a side-by-side explanation of the old and new declarations pages. Identify whether the change came from the insurer’s base rate, a coverage-limit change, deductible change, discount change, property characteristic or another rating factor.

Then compare new quotes using equivalent coverage. A lower premium is not a fair comparison if it also lowers the dwelling limit, increases a wind deductible or removes endorsements you wanted.

How to compare Texas homeowners quotes fairly

1. Use the same dwelling and liability limits where possible.
2. Match deductibles, especially wind/hail deductibles.
3. Compare replacement-cost versus actual-cash-value treatment where relevant.
4. Check water, roof, foundation and other endorsements or exclusions.
5. Confirm the same address, occupancy and property details are being used.

For broader state context, see Texas Homeowners Insurance Guide.

Sources

• Texas Department of Insurance: Home and auto insurance rates trending down for many Texans

This article is general educational information. Filed rate changes do not determine any one household’s final premium. Coverage, eligibility and pricing depend on the insurer and policy.