JUSTTHENEWS (The Center Square Staff) - Abbott campaigns on affordability, wants to lower insurance costs
With Texas suffering from extreme weather events, including record flooding and hurricanes, home and auto insurance premiums have increased.
With Texas suffering from extreme weather events, including record flooding and hurricanes, home and auto insurance premiums have increased.
Texas Gov. Greg Abbott is touring the state to discuss the latest aspect of his affordability plan: reducing home and auto insurance costs. Under the Biden and Trump administrations, the cost of goods, services and energy have risen while incomes have remained
The legislation, signed late Tuesday, sets limits on court-ordered damages for drivers engaging in "criminal behavior" at the time of crash, such as uninsured motorists, drunk drivers and fraudsters, with the goal of preventing "jackpot" payouts.
A powerful lawyers’ association is opposing a bill that would cap damages, but the ride-share company has spent millions lobbying state lawmakers to lower rates, some of the highest in the country.
How two seemingly unrelated policies, one to reduce car insurance costs, the other to allow driverless taxis, became tangled up in Albany politics.
Drivers in Wyoming, Iowa and Arkansas saw the largest price cuts in the U.S., while other states saw premiums rise.
Data: Insurify ; Map: Alex Fitzpatrick/Axios Car insurance prices dipped last year after a post-pandemic stretch of skyrocketing costs, a new Insurify report finds. - The average annual full-coverage premium fell 6% nationally from 2024 to 2025, to $2,144. - Some states saw much larger drops, including Wyoming (-30%), Iowa (-25%) and Arkansas (-23%). Reality check: That relief comes after car insurance costs rose 46% from 2022 to 2024, "partially due to risky driving behavior following the pandemic," said Insurify, an insurance-comparison platform. - Average rates are up big time in some places, including New Jersey (+20%) and Washington, D.C. (+18%). Between the lines: "Insurers' margins are now high enough to absorb tariff-driven…
Data: Insurify ; Map: Alex Fitzpatrick/Axios Car insurance prices dipped last year after a post-pandemic stretch of skyrocketing costs, a new Insurify report finds. - The average annual full-coverage premium fell 6% nationally from 2024 to 2025, to $2,144. - Some states saw much larger drops, including Wyoming (-30%), Iowa (-25%) and Arkansas (-23%). Reality check: That relief comes after car insurance costs rose 46% from 2022 to 2024, "partially due to risky driving behavior following the pandemic," said Insurify, an insurance-comparison platform. - Average rates are up big time in some places, including New Jersey (+20%) and Washington, D.C. (+18%). Between the lines: "Insurers' margins are now high enough to absorb tariff-driven…Open