Premiums for home and auto insurance are expected to go up, according to major insurance companies in Texas. | via TexasStandard
Premiums for auto insurance are expected to go up as drivers return to pre-pandemic driving habits.
told the Texas Standard. Meanwhile, parts and labor for auto repairs are more expensive due to inflation. On the housing side, supply constraints and high construction costs are also driving up premiums.Texas Standard: It sounds like the insurance companies are trying to prep Texans for rising premiums. What’s putting the pressure on them? There are a number of factors that are going on, both on the auto insurance side and the home insurance side.
Home valuations have spiked – is that something that insurance companies are trying to cover as well?
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