A State Farm homeowners policy in Texas could cost more at its next renewal. State Farm Lloyds has asked for higher rates that would reach 751,000 of its roughly 987,000 Texas homeowners policies, starting with renewals on November 1. The Texas Department of Insurance has not finished reviewing the request, so nothing has been approved.
The request is not a uniform hike. About 234,000 of the policies would see decreases, and the company’s overall ask is a 4% increase. For the policyholders at the top of the range, though, the numbers are larger.
Who would pay more, and by how much
The Cool Down reported on the filing that State Farm Lloyds submitted it on July 29 and asked for a 4% statewide increase. State Farm Lloyds is Texas’s largest homeowners insurer. More than 135,000 policyholders would face increases of at least 10%, and nearly 1,800 would face increases above 25%.
Averages by county run lower. The report puts Harris County at 3.6%, Fort Bend at 5.3% and Montgomery at 5.8%. The report also says the filing’s own data supports an increase of 10.9%, a figure that is higher than the 4% the company requested.
Those percentages exclude the effects of inflation-coverage adjustments, the report says. A policyholder’s own change depends on the home, the coverage and the renewal date. The only date in the filing is the first one, November 1, which applies to policies that renew on or after it.
For a State Farm customer in Texas, the question is whether a renewal notice lands on or after November 1 and what it says. A policy that renews before that date is not covered by this request. A policy that renews later could be, if regulators let the rates stand. Anyone with a renewal in the next few months should read the new premium line when it arrives and compare it with the old one.
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Texas regulators have not signed off
The Cool Down reports that state regulators filed a written objection asking State Farm to justify higher rates, given favorable 2025 results and lower reinsurance costs. Reinsurance is the insurance that insurers buy for themselves against big storm losses. The department has not said how the review will end.
State Farm replied that “many things go into an indication outside of reinsurance costs.” The company cited liability losses, severe Texas storms and rising home values. Both sides have put their positions on the record, and the filing remains open.
TDI notes that insurers file rates before using them so the agency can confirm they meet state law. That matters for how to read the November 1 date. It is the date the higher rates are set to begin, not a date they are guaranteed to arrive. A regulator can approve a filing as submitted, change it or reject it, and the outcome has not been announced.
The rest of the Texas market is trending the other way
The Texas Department of Insurance’s 90-day filing report, covered by Carrier Management, says homeowners insurers that filed since July 1 mostly proposed decreases. The filings affect about 700,000 policyholders and average a 4.3% decrease. ASI Lloyds, a Progressive company, filed a 6% decrease for 71,000 policyholders, and Texas Farm Bureau Mutual filed 5.2% for 133,000.
The Cool Down quotes TDI spokesperson Mistie Hinote on a caution. The average is not weighted by premium volume or number of policyholders, and individual company trends will vary. A single large filing can move more households than the average suggests.
Insurance Commissioner Amanda Crawford called the lower filings “an encouraging sign for Texas consumers,” according to Click2Houston. She urged Texans to “shop around, and make sure they’re getting the best value.” Governor Greg Abbott said “premiums must reflect real risk.” The station adds that a filed decrease does not guarantee a specific bill reduction.
What five years of increases have already done
The Cool Down reports that homeowners rate changes in Texas were 10.8% in 2022, 21.1% in 2023, 18.7% in 2024 and 4.3% in 2025. The average Texas homeowners premium rose from about $1,500 in 2020 to about $2,460 in 2025, roughly 63% higher.
That history is the backdrop for a request that looks modest in percentage terms. A 4% increase on a $2,460 premium is about $98 a year, and 10% is about $246. Those are the report’s averages applied to its own rate figures, not a quote for any one home. For households on fixed incomes, a few hundred dollars a year is real money.
The open question for these households is where help with home costs comes from if the premium rises. Insurance cannot be negotiated away, but other parts of the housing bill sometimes can, and several of them need an application. Whether State Farm’s request is approved is still to be decided in Austin.
Renewing a State Farm Texas policy on or after November 1?
A higher homeowners premium arrives on a renewal notice, and the household has to absorb it or find savings elsewhere. Property-tax breaks and circuit-breaker credits are among the places savings hide, and they usually require someone to apply.
The Benefits Checklist scans 11 benefit programs, including property-tax breaks and circuit-breaker credits, and lists the 2026 income limits for each. It also includes a 50-state phone directory and a printable application tracker for the paperwork.
Find property-tax breaks and 10 more programs in the Benefits Checklist →
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This article was produced with the assistance of AI and reviewed by the editorial team.
David M. Keller is a finance writer based in Columbus, Ohio, covering personal finance and consumer-focused economic topics. He earned his degree in journalism from Ohio University and began his career reporting on local business and economic trends for a regional media outlet. Since then, he has contributed to a variety of online publications, focusing on clear, practical coverage of topics such as cost of living, debt, and everyday financial decision-making.
