Abbott campaigns on affordability, wants to lower insurance costs

Property taxes, maintenance and homeowners’ insurance are all factored into the true cost of homeownership, LendingTree says. “Home insurance costs are lower than property taxes in Texas, with an insurance-to-property-tax ratio of 0.76; Texas ranks 26th on that measure,” Schulz said. Nationally, there “may be signs that home insurance costs are beginning to stabilize. By comparison, Nebraska has the highest home insurance costs in the country, accounting for 20 % of housing costs, according to the analysis. In Hawaii, home insurance costs account for 2.1% of monthly housing costs, in snow heavy Vermont, they account for 3.2%.