If you’re a Texas driver, you are required by law to purchase auto insurance. Some Texas drivers may have questions about their auto insurance policies. If you are in the Dallas, TX, area, our team at Presley Insurance Group invites you to bring your questions to our office. We’ve been working with drivers like you since 2017.
How TDI is Helping to Lower Texas Auto Insurance Rates
Insurance premium rates are influenced by market forces within the insurance industry. According to the Texas Department of Insurance (TDI), these market forces include demand for coverage, the cost of paying claims, and industry competition. Although TDI doesn’t set the rates for auto insurance premiums, its actuarial staff reviews rate filings from insurance companies across the state. According to the TDI website, the agency reviewed over 2,300 Texas auto rate filings during 2024.
When auto insurance rates are filed with TDI, they are reviewed to ensure compliance with Texas law. TDI can request that insurance agencies reduce the cost of these rates. In 2024, 304 of the submitted rates were rejected or questioned by TDI. After the review and communication process, many agencies reduced their clients’ premiums. The same website reported that this process typically saves Texas consumers an average of over $29 million per year.
Call Us Today for Your Appointment
When you’re involved in an auto accident or stopped for a traffic violation, you must show proof of insurance to a police officer. Our team at Presley Insurance Group can help ensure you are adequately insured. Drivers in the Dallas, TX, area have come to trust our guidance when navigating insurance matters. Contact us today to schedule an appointment and let us help you find the right insurance policy.
