OPIC regularly objects to homeowners and auto rate filings where we believe consumers are not being charged proper rates. Recently, an OPIC objection resulted in changes to a personal auto rate filing. OPIC’s efforts produced an estimated $455,500 in annual savings to Texas consumers.

OPIC worked hard for consumers this past year, analyzing over 1,100 rules, rates, and policy forms. We are a small, 10-person agency, but we did big things in 2021. We saved Texas consumers over $11.4 million in 2021 alone, so for every $1 OPIC received from the State’s General Revenue Fund, OPIC saved Texans $14. To learn more, read our 2021 Achievements article.

Consumers deserve access to information about their insurance in plain language so they can be well informed and help make the insurance market work for them. With this in mind, OPIC updated its auto and homeowners (including renters) Consumer Bills of Rights. OPIC’s Bills of Rights are a basic outline of important rights you have under Texas law.