The Texas Automobile Insurance Plan Association (TAIPA) will raise some rates and lower some for private passenger and commercial automobile insurance next year, the Texas Department of Insurance announced.
A recently issued commissioner’s order revises TAIPA’s private passenger automobile insurance rates by:
- 4.8 percent for bodily injury liability
- 3.5 percent for property damage liability
- -10.1 percent for personal injury protection
- 3.9 percent for uninsured/underinsured motorist bodily injury liability
- -20.9 percent for uninsured/underinsured motorist property damage liability
The order revises TAIPA’s commercial automobile insurance rates by an estimated overall average of -0.2 percent.
The effective date for the revised rates is Feb. 1, 2016.
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