Gov. Abbott launches statewide tour to curb rising Texas insurance and tax costs
Governor Greg Abbott is traveling across Texas to promote a plan aimed at lowering home and auto insurance premiums and property taxes amid rising costs.
Amid escalating home and auto insurance premiums linked to record flooding and hurricanes, Governor Greg Abbott is touring Texas to outline his affordability strategy. The plan calls for a legislative roof-fortification program and legal tweaks to let safe drivers access lower auto rates. It also includes a five-point property-tax reform aimed at easing the tax burden on homeowners.
LendingTree analysis indicates Texas residents spend about 14.4% of monthly housing costs on insurance, the third-highest national share. Abbott’s proposals echo broader concerns about inflation, national debt and stagnant incomes cited by critics of both major parties. State leaders in the Senate and House have again prioritized property-tax cuts for the upcoming session.
Why it matters
Rising insurance and tax costs strain Texas homeowners, and the governor's proposals could affect millions of residents.
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