Progressive’s Texas homeowners company has asked the state to approve lower prices. ASI Lloyds, a Progressive company, filed a 6% decrease that affects 71,000 Texas policyholders, according to the Texas Department of Insurance.
Homeowners insurance is the bill many Texas households have watched climb for years, which makes a filed cut notable even before it is final. Under Texas law the filing comes first and the premium change follows, with the Texas Department of Insurance checking each filing against state rules. Its October 8 release does not say ASI Lloyds’ filing has been approved.
A Texas homeowner holding an ASI Lloyds policy is inside that 71,000, but the department gives no effective date. The mistake to avoid is treating a filing as a lower bill: the premium on a renewal notice is what counts, and until it arrives the 6% remains a request.
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What 6% off a homeowners premium would mean
A 6% decrease is a modest cut, and the dollar effect depends on the starting premium. On a policy that costs 3,000 dollars a year, 6% is 180 dollars; on 2,000 dollars it is 120 dollars. Those are arithmetic examples, not figures the department published.
The department’s October 8 release gives only the percentage and the count for ASI Lloyds: 6% and 71,000 policyholders. It names ASI Lloyds as one of the top 10 insurance groups in Texas by premium volume.
The larger pool of homeowners filings
ASI Lloyds is one entry in a bigger set. The department says most insurers that filed homeowners rate changes since July 1 proposed decreases, affecting about 700,000 policyholders, and that filed changes over the past 90 days averaged a 4.3% decrease.
By that yardstick, ASI Lloyds’ 6% is deeper than the average. Texas Farm Bureau Mutual Insurance Company filed a 5.2% decrease for 133,000 policyholders, and it also ranks among the top 10 groups.
Together, the two named homeowners filings reach 204,000 policyholders, about 29% of the roughly 700,000 the department counts in the pool. That leaves around 496,000 policyholders whose companies and percentages the release does not name, and the department points consumers to its online filing search for those.
Where a filing stands before it reaches a bill
The department describes the changes as filed. Nothing in the release says they have been approved or have taken effect, and it gives no dates, so the 71,000 figure counts the policyholders a filing would reach, not policyholders whose premiums have already dropped.
Policies move at renewal, and renewal dates differ from home to home. Two neighbors with ASI Lloyds could see a changed premium months apart. A homeowner who wants the exact date can call the department’s help line at 800-252-3439 and ask whether the filing has been cleared.
What Commissioner Crawford suggests
Insurance Commissioner Amanda Crawford said Texans should take advantage of the competitive market and shop around, and should check that they are getting the best value for their coverage. The release also quoted Gov. Greg Abbott, who tied the filings to his push for premiums that track real risk.
The department says nearly 160 companies sell auto and homeowners insurance in Texas. Homeowners who want to see a specific company’s filing can look it up through the department or ask its help line, 800-252-3439.
The department calls shopping around one of the best ways to find a better deal. For a homeowner with ASI Lloyds, that means comparing the current premium against quotes from other companies while the filing waits, rather than assuming the 6% will arrive and settle the question.
What remains open for a homeowner with ASI Lloyds is the date the 6% reaches a renewal notice, and whether the department clears the filing first.
Counting on a 6% homeowners cut that is still a filing?
ASI Lloyds’ 6% cut is filed with no effective date. A household that trims its budget today for a saving that has not been approved risks coming up short when the real renewal premium is printed.
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This article was produced with AI assistance and edited for accuracy against the sources linked above.
