Texas Insurance Rates Rising

From TSN

Insurance rates are rising in Texas, and experts say inflation, supply chain issues, lack of labor, and cost of repairs are contributing factors. The Director of Communications of the Insurance Council of Texas said destructive weather is also a significant factor in higher prices. Mechele Mills, CEO of the Better Business Bureau Serving Central East Texas, said, “Since last year, homeowners in Texas have seen an increase of about 16% to 22% and car owners 26%.”