The Commissioner of Insurance has approved changes in the rates for private passenger and commercial automobile insurance for the Texas Automobile Insurance Plan Association (TAIPA). The changes are effective March 1, 2020, for new and renewal business by Commissioner’s Order No. 2019-6138.
The new rates represent an overall increase of 4.9% in private passenger automobile rates and an overall increase of 4.8% in commercial automobile rates.
Specifically, for private passenger automobile insurance, the new rates represent increases of 5.0% for bodily injury liability, 4.9% for property damage liability, 4.0% for personal injury protection, 4.3% for uninsured/underinsured motorist bodily injury liability, and 1.7% for uninsured/underinsured motorist property damage liability.
For commercial automobile insurance, the new rates represent increases of 4.8% for bodily injury liability, 5.0% for property damage liability, 1.3% for personal injury protection, 3.6% for uninsured/underinsured motorist bodily injury liability, and 3.2% for uninsured/underinsured motorist property damage liability rates.
For questions about this bulletin, contact the Property and Casualty Actuarial Office by phone at 512-676-6700 or by email at pcactuarial@tdi.texas.gov.
TAIPA Private Passenger Auto Rate Bulletin in Excel or PDF
TAIPA Private Passenger Auto Machine Letter in Excel or PDF