State Farm, Farmers, Allstate raising home insurance rates
AUSTIN — The big three home insurers in Texas are ringing in the new year with hefty premium hikes for their policyholders.
Allstate, Farmers and State Farm have notified the Texas Department of Insurance that they are increasing rates for most current and new customers by an average 6.5 percent to 15 percent to offset projected losses. More than 2 million homeowners will be affected.
The Insurance Department will review the rate hikes. It can reject any increases deemed excessive.
In addition, the state consumer advocate for insurance is challenging the increases. She argues that the increases are not justified. Whether to overturn them will be new Insurance Commissioner Julia Rathgeber’s first major decision on rates.
More at http://www.dallasnews.com/news/state/headlines/20140103-state-farm-farmers-allstate-raising-home-insurance-rates.ece .
[font color=green]Isn't it wonderful that the top three home insurers in Texas are guaranteeing a prosperous new year...for themselves?[/font]
= new reply since forum marked as read
and is still going strong. Here is a link to an article from July 2013:
http://insurancenewsnet.com/oarticle/2013/07/17/texas-rate-dispute-with-state-farm-passes-10-year-mark-a-387540.html
Farmers came to a settlement with Texas for about $118 million on their clash about homeowners rates back in November 2013:
http://www.dallasnews.com/news/state/headlines/20131101-texas-farmers-insurance-agree-to-117.5-million-settlement-in-overcharge-case.ece
I advise keeping your address updated with State Farm if you decide to move since you may be eligible for a miniscule refund in a few more decades once the lawsuit is litigated to death and the attorneys take their fees from the settlement. Good luck and make sure you include that refund check in the disposition of your will. 
