Texas Farm Bureau Mutual Insurance Company has filed a 5.2% homeowners rate decrease with the Texas Department of Insurance, a change that would reach 133,000 policyholders. The department announced the filing on Oct. 8 along with a 6% cut from ASI Lloyds, a Progressive company, covering 71,000 more. Both insurers rank among the top 10 groups in Texas by premium volume.
The filing is a request, not yet a lower bill. The department’s October 8 news release does not say when the new Farm Bureau rate starts, and a rate change normally reaches a household only when its policy renews. Homeowners with either company can look up the filing before the renewal notice arrives.
What the Texas filings show
The department said most homeowners insurers that filed rate changes since July 1 proposed decreases, affecting about 700,000 policyholders. Over the past 90 days, filed homeowners changes averaged a 4.3% decrease. Commissioner Amanda Crawford called lower filings an encouraging sign for Texas consumers.
Crawford said she was pleased to see some relief beginning to reach the market. She added that as rates moderate, Texans should take advantage of the competitive market and shop around. Gov. Greg Abbott said in the same announcement that he will work with the Legislature next session to curb premium increases further.
Which policyholders should check their own filing
A filed rate decrease is an average, and the department says its own tool shows an estimated effect. TDI’s rate-filing search lists a percent change described as the estimated impact on existing policyholders, along with a renewal effective date, the day the company starts using the rate on a renewing policy.
Texas Farm Bureau Mutual and ASI Lloyds customers are the first to check, but not the only ones. Anyone with a Texas homeowners policy can search the filing under the company name printed on the policy or billing statement, which can differ from the agency’s name. The department warns that a policyholder’s own change could be higher or lower than the average.
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Not every insurer is cutting
The same filings include increases. Live Insurance News, tracking the department’s data, lists AIG Property Casualty at a 15.2% increase and Amica Mutual at 4%. State Farm Lloyds filed a 4% statewide increase effective for renewals starting Nov. 1.
The trade site, citing company estimates, reported about 751,000 State Farm Lloyds policies facing increases and about 234,000 facing decreases. It also relayed a department spokesperson’s figure of a 0.6% average increase over the past 90 days, a different measure from the department’s unweighted 4.3% decrease. Which direction a household’s rate moves depends on the company.
The department has pressed the largest carrier on that filing. According to the same report, it sent State Farm a letter asking the company to explain its higher rate need, given assumed favorable industry and company results in 2025. The report put State Farm’s 2025 Texas homeowners underwriting profit at about $541 million.
How far premiums rose, and where Farm Bureau fits
The cuts follow several years of steep increases. The department’s homeowners market overview lists average rate changes of 10.8% in 2022, 21.1% in 2023 and 18.7% in 2024. The average annual premium rose from $1,987 in 2020 to $3,489 in 2025, a figure the department marks as preliminary.
That is an increase of about 76% over five years. A 5.2% decrease on a $3,489 premium would take off about $181 a year, though the department’s figure is an average rate change, not a promise for any one policy. Coverage amounts also matter. The department says average coverage rose from $252,000 in 2016 to $432,800 in 2025, which pushes premiums up even when rates hold steady.
Claims costs are the other side of the ledger. In a June 22 release the department said insurers paid $8.74 billion in homeowners losses in 2025, and that wind and hail have averaged 62% of homeowners losses since 2019. Wind and hail dominate the claims that insurers pay.
Texas Farm Bureau Mutual Group held 2.44% of the homeowners market in 2024, with about $481 million in direct written premium, according to the same overview. State Farm led with 19.10%, followed by Allstate at 16.79% and USAA at 11.22%. The department counts 157 companies in 81 groups selling homeowners coverage in Texas.
That crowded field is the reason for the department’s advice to shop. It recommends shopping for coverage regularly, asking insurers about discounts such as bundling, and noting that a higher deductible lowers the premium but raises out-of-pocket cost when a claim is filed. The department’s consumer site links to the HelpInsure comparison tool, and its help line is 800-252-3439.
An insurance cut trims one part of what a house costs to keep. Property taxes, repairs and utilities sit outside the filing and move on their own schedules. For a Texas homeowner with a Farm Bureau or ASI Lloyds policy, the open question is whether the renewal notice carries the new rate and what else on the home’s yearly cost sheet can come down.
Wondering what else can lower the Texas home bill?
A filed cut is an average and says nothing about a household’s own renewal, and an insurance premium is only one line of what a house costs each year. Property taxes, repairs and utilities sit outside the filing and move on their own schedules.
A homeowners-insurance cut touches one line of the yearly cost, and The Senior Property Tax & Home-Cost Relief Kit works on another: it explains the 5 kinds of property-tax relief and the circuit-breaker credit that includes renters. Its application log and renewal calendar keeps each relief application and its date in one place.
See the home-cost relief kit and application log for Texas homeowners →
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This article was produced with AI assistance and edited for accuracy against the sources linked above.
