Texas Insurance Commissioner David Mattax has approved rate changes for private passenger and commercial automobile insurance provided through the Texas Automobile Insurance Plan Association (TAIPA), which is the state’s assigned risk plan.
Commissioner’s Order No. 2016-4768 requires TAIPA to revise its rates for private passenger automobile insurance by coverage, territory and class as follows: 4.8 percent for bodily injury liability; 3.8 percent for property damage liability; -2.0 percent for personal injury protection; 3.6 percent for uninsured/underinsured motorist bodily injury liability; and 4.7 percent for uninsured/underinsured motorist property damage liability.
Rates changes for commercial automobile insurance policies by coverage, territory and vehicle type include: 3.8 percent for bodily injury liability; 1.0 percent for property damage liability; 1.2 percent for personal injury protection; and no changes to commercial auto uninsured/underinsured motorist bodily injury liability, or uninsured/underinsured motorist property damage liability rates.
Mattax approved the rates on Nov. 1. The changes are effective Feb. 1, 2017.
Source: TDI
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