Quick Answer
The Texas Department of Insurance (TDI) approved and ordered a 6.2% reduction in basic title-insurance premium rates effective March 1, 2026. This means lower title insurance costs for buyers and sellers in Texas. Under the current rate schedule, the approximate basic premium on $268,500 of coverage is about $1,612.
On March 1, 2026, TDI's 6.2% reduction in basic title-insurance premium rates took effect. This article explains what changed, how the new rates affect your transaction, and how to calculate your title insurance premium.
Why Did TDI Reduce Rates?
TDI periodically reviews title insurance rates to ensure they are not excessive, inadequate, or unfairly discriminatory. The 2026 rate reduction was based on TDI's review of title insurance industry experience, including loss ratios, expenses, and other factors. The reduction reflects TDI's finding that the previous rates generated more premium than needed to cover losses and expenses.
How the 2026 Rates Work
Texas uses a rate-filing system where TDI approves the basic premium rates that all licensed title insurance companies must charge. The basic rate covers the standard title insurance policy. Endorsements, extended coverage, and other optional coverages may add additional premium. The new rates apply to policies issued on or after March 1, 2026.
Sample Premiums Under the 2026 Schedule
Below are approximate basic premium amounts under the current rate schedule for common coverage amounts:
| Coverage Amount | Approx. Basic Premium |
|---|---|
| $100,000 | $675 |
| $150,000 | $968 |
| $200,000 | $1,244 |
| $268,500 | $1,612 |
| $300,000 | $1,775 |
| $500,000 | $2,740 |
These are basic premium estimates. Actual premiums depend on the exact coverage amount, endorsements, and any applicable discounts. Use our Texas Title Insurance Premium Calculator for a more precise estimate.
Does the Rate Reduction Affect All Policies?
The 6.2% reduction applies to basic premium rates. Endorsement fees, title search fees, and other charges may not be reduced at the same rate. Ask your title company for a complete breakdown of all charges.
Property Research Before You Buy
Before you buy, before you invest, know more about the property. 1st Option Title offers free Property DNA Reports that provide comprehensive property research information. A Property DNA Report is not title insurance or a legal opinion. It is an informational research report to help you make informed decisions.
Authoritative Resources
Official Texas Title Insurance Rate Resources
FAQs
When did the TDI rate reduction take effect?
The 6.2% reduction in basic title-insurance premium rates took effect on March 1, 2026.
Do I get the lower rate automatically?
Yes. All licensed Texas title insurance companies must charge the TDI-approved basic rates. You do not need to take any action to receive the lower rate on policies issued on or after March 1, 2026.
Will this reduce my total closing costs?
Yes, the title insurance premium portion of your closing costs will be reduced by approximately 6.2% under the new rate schedule compared to the prior rates.