How Title Insurance Rates are Calculated in Texas
Title insurance premiums in Texas are strictly regulated by the state government. This means that all title insurance companies in Texas are required to charge the exact same premium for the same policy amount. The rates are set by the Department of Insurance and are known as "promulgated rates".
Note: The calculations on this page are based on: Texas Title Insurance Basic Premium Rates (2019/2024).
Frequently Asked Questions
Who pays for title insurance in Texas?
It varies by county and contract negotiation. In many parts of Texas, it is customary for the seller to pay for the owner's policy, while the buyer pays for the lender's policy. However, this is negotiable.
Is title insurance mandatory in Texas?
Owner's title insurance is optional but highly recommended to protect your property rights. However, if you are getting a mortgage, your lender will almost certainly require you to purchase a Lender's Title Insurance Policy to protect their investment.