Title Insurance Rates

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Title Insurance Rates to Decrease in September

Yes, you read that correctly. Every few years, the Texas Department of Insurance (the state agency that regulates title insurance) looks at title industry data to see how we are doing, and to see if a rate increase or decrease is warranted. The statistical data is provided to TDI by title insurance agents and underwriters. Currently, due to many factors including rising real estate prices, the Department will implement 4.9% rate decrease, to go into effect on September 1st, 2019. The new rate will apply to all real estate transactions in Texas that close after Sep. 1st, including sales, refinances, and any other transactions that include the purchase of a title policy.

A decrease might sound surprising, but over the last 25 years, we have had several rate decreases, but only one rate increase. Is that a bad thing? Not at all. Periodic adjustments are healthy and a great indicator as to the strength of the Texas economy and the efficiency of the Texas title premium rate regulations.

In addition to our printed rate cards with title premium calculations, we offer mobile apps and website calculators which will be updated with the new rates prior to September 1st. Until then, if you have a question about a title insurance policy premium, feel free to contact your escrow team. If you want printed copies of the rate cards, or would like to learn more about our calculators or apps, please contact your business development representative.