Owner's and lender's policy premiums from state-set rate schedules.
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Professional Financial Tools
8/25/2026
The owner's policy is written for the full purchase price, not the loan amount.
Texas, Florida and New Mexico use promulgated rates — every title company must charge the same premium, so there is nothing to shop on price. Elsewhere, companies file their own rates and you can compare.
Your lender will require its own policy covering the loan balance. Set to 0 for a cash purchase.
Buying the owner's and lender's policies from the same company at the same closing earns a steep discount on the lender's policy. This is standard practice.
Set by the Texas Department of Insurance and identical at every title company in the state. Commissioner Order No. 2025-9697 cut basic premium rates 6.2% effective 2026-03-01. For a policy over $100,000 the official formula is (face amount − $100,000) × 0.00494 + $780; here that is ($400,000 − $100,000) × 0.00494 + $780. You cannot negotiate this number — only the ancillary fees.
Texas sets a flat $100 simultaneous-issue rate when both policies are bought from the same company at the same closing — versus $1,867 if issued on its own. Effectively always worth doing.
Title insurance is a one-time premium paid at closing, not an annual cost. The owner's policy lasts as long as you or your heirs own the property; the lender's policy ends when the loan is paid off or refinanced.
The promulgated premium is only the insurance. Escrow, settlement, document preparation, courier and recording fees are set by each company and are negotiable — they are the reason two quotes in the same state differ. Use the closing costs estimator for the full picture.