Lubbock & others slapped with huge insurance rate hikes - KCBD NewsChannel 11 Lubbock

5/30/10

Lubbock & others slapped with huge insurance rate hikes

By James Clark | email

LUBBOCK, TX (KCBD) – Lubbock is among a few other places in Texas that are facing some potentially huge increases on home owner's insurance according to two proposed rate hikes by State Farm. 

In the online publication insuranceNewsNet  the average increase statewide will be 13% but for some in Lubbock, the Metroplex, Houston & South Texas the increases could be as much as 39%. 

KCBD NewsChannel 11 doubled checked the claim by looking at numbers provided by the Texas Department of Insurance.  It does look like Lubbock homeowners could be paying 32.5% more as compared with rates prior to August 31st of 2009.  According to insuranceNewsNet, the Texas Department of Insurance is trying to pressure State Farm into not raising rates as high because other insurance companies might follow State Farm's lead. 

 Copyright 2010 KCBD. All rights reserved.

 

  • Local News on KCBD.comNewsMore>>

  • Trump budget faces Dem opposition, GOP doubts about math

    Trump budget faces Dem opposition, GOP doubts about math

    Thursday, May 25 2017 12:18 PM EDT2017-05-25 16:18:58 GMT
    Thursday, May 25 2017 12:18 PM EDT2017-05-25 16:18:58 GMT

    Trump on Tuesday released a 10-year budget plan containing jarring, politically unrealistic cuts to the social safety net and a broad swath of domestic programs.

    Trump on Tuesday released a 10-year budget plan containing jarring, politically unrealistic cuts to the social safety net and a broad swath of domestic programs.

  • Trump vows to crackdown on leaks, chastises NATO

    Trump vows to crackdown on leaks, chastises NATO

    Thursday, May 25 2017 12:18 PM EDT2017-05-25 16:18:29 GMT
    Thursday, May 25 2017 12:18 PM EDT2017-05-25 16:18:29 GMT

    President Donald Trump will be in the heart of Europe to address a continent still reeling from his election and anxious about his support.

    President Donald Trump will be in the heart of Europe to address a continent still reeling from his election and anxious about his support.

  • Foreign meetings omitted from Sessions' security clearance

    Foreign meetings omitted from Sessions' security clearance

    Thursday, May 25 2017 12:18 PM EDT2017-05-25 16:18:19 GMT
    Thursday, May 25 2017 12:18 PM EDT2017-05-25 16:18:19 GMT
    The ranking Democrat on the House intelligence committee says the panel will be issuing subpoenas to get former National Security Adviser Michael Flynn to cooperate with its investigation into Russian activities...
    The ranking Democrat on the House intelligence committee says the panel will be issuing subpoenas to get former National Security Adviser Michael Flynn to cooperate with its investigation into Russian activities during the 2016 election.
Powered by Frankly