A report from insurance comparison platform The Zebra suggests that Texas has been paying some of the highest car insurance costs in the country due to the sheer number of weather-related claims the state makes each year.
The Zebra noted that drivers in Waco pay over $1,600 each year for car insurance—a 40% rise over the last five years. Other parts of Texas have also experienced similar and noticeable spikes in their auto insurance costs.
Notably, Texas has been identified as the fifth most expensive state for auto insurance.
The Zebra, using data it has gathered, suggested that the major reason for the state’s surge in auto insurance costs is severe weather.
"There have been billions of dollars’ worth of insurance claims paid out in the last five years, not even factoring in vehicle theft or accidents, just strictly weather damage and that's really been a driving force in why Texas residents are paying so much for their insurance,” Zebra consumer adviser and licensed insurance agent Neil Richardson told
KXXV – TV.
Richardson also pointed to population growth as another factor for the increases, saying that as more people move to Texas, the insurance rates bump up as more people file for claims.
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