The Texas Department of Insurance published a bulletin announcing an increase in the rates charged by the Texas Automobile Insurance Plan Association (TAIPA) for private passengers and commercial auto insurance. TAIPA is the Texas residual market for automobile insurance; they provide insurance for applicants who have been denied by at least two Texas-authorized insurers.

TAIPA filed rates on March 12, 2024, which were approved by the commissioner of insurance. The overall rate increase is 15.0% for private passenger autos and 12.7% for commercial autos. The table below shows the increase in the base rate by coverage: 

Private Passenger Auto Commercial Auto
Bodily Injury (BI) Liability 20.0% 15.0%
Property Damage (PD) Liability 10.0% 10.0%
Personal Injury Protection 0.0% 0.0%
Uninsured/Underinsured Motorist BI 20.0% 10.0%
Uninsured/Underinsured Motorist PD 15.0% 10.0%
Total—All Coverages 15.0% 12.7%

This premium content is locked for FC&S Coverage Interpretation Subscribers

Enjoy unlimited access to the trusted solution for successful interpretation and analyses of complex insurance policies.

  • Quality content from industry experts with over 60 years insurance experience, combined
  • Customizable alerts of changes in relevant policies and trends
  • Search and navigate Q&As to find answers to your specific questions
  • Filter by article, discussion, analysis and more to find the exact information you’re looking for
  • Continually updated to bring you the latest reports, trending topics, and coverage analysis