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texas title insurance rates 2019

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How much are title insurance fees in Texas?
The cost of a title policy in Texas can range from 0.9% to 0.6% of the property value. Generally speaking, the higher the property value, the lower the cost of the Texas title insurance policy on that property.
How is title insurance calculated Texas?
Title Insurance Premium Rates are based on the sales price and/or loan amount of the property and are set by the Department of Insurance for the State of Texas. Additional premium and/or endorsement costs may be charged in conjunction with a lender transaction.
Why is title insurance so expensive in Texas?
Texas has the most heavily regulated title insurance market in the country. Unlike all but one other state, the government sets a fixed rate for title insurance, preventing competition for consumer's business. This rate functions as a monopoly price that consumers are forced to pay.
Who sets the rate for title insurance in Texas?
In Texas, the premium rates for title insurance are set by the commissioner of the Texas Department of Insurance. Because these rates are the same for all policies, agents do not compete on price, but on service.