Is insurance in Texas actually getting cheaper as the state grows — or is the story more complicated?

In this episode of the Advocate Insurance Desk, Katie Dowson and Grace Schmidt break down what Texas multifamily insurance pricing really looks like using real market data — not anecdotes.

We start at the state level, analyzing the Texas Property and Liability Indices, and then zoom into Houston and Dallas–Fort Worth to show where pricing actually diverges. From construction cost inputs and replacement cost values to environmental exposure and carrier selectivity, this episode explains why two similar buildings in the same state can see very different outcomes at renewal.

Key themes in this episode:

• Texas population growth and exposure concentration

• Property volatility vs. liability stabilization

• The relationship between construction inputs and rate-on-line

• Why Houston and Dallas price differently

• How to use metro-level peer comps to benchmark your renewal

• Why statewide averages are directional signals, not pricing answers

If you are an owner, operator, lender, or broker trying to understand whether your renewal “makes sense,” this episode walks through the exact framework you should be using.

Statewide data tells you direction.

Metro and peer-level data tell you reality.

To explore the Advocate Market Terminal and benchmark your own assets, visit the link in the description or reach out to our team.

Stream this episode and more on YouTube and Spotify.