An Analysis of Title Insurance Data | LBJ School of Public Affairs | The University of Texas at Austin

An Analysis of Title Insurance Data

Xue Gao

Texas, along with other states where the government sets title insurance rates, has significantly higher prices than states that allow more competition. On a per-policy basis, Texas’s decision to set prices and restrict innovation adds from $292 (in 2001 dollars) to $1,663 (in 2016 dollars) in costs for the average purchaser of title insurance policies of $1 million dollars or less. Our analysis indicates that the promulgation of rates in Texas is a strong determinant that explains the state’s higher title-related charges.

Research Topic: 
Economic Policy