Texas residents have long been paying the highest insurance rates in the nation for homeowner’s insurance. This may not be the case for much longer. With recent rate decreases in the state, Florida residents may soon boast that honor.
The annual statewide average cost for a homeowner’s insurance policy for 2006 in Texas was $1,038.00, according to the Insurance Council of Texas. This represents a 4.9% decrease over 2005 and a 5.8% decrease over 2004.
Auto rates in Texas are also on the decline. The annual statewide average cost for an automobile insurance policy for 2006 in Texas was $1,054.00. This represents a 4.4% decrease over 2005 and a 9.3% decrease over 2004.
It looks like it may be a good time to move to Texas.