Title insurance rates are influenced by both price and the comprehensive coverage details of the policy, according to Zillow. The government establishes the title insurance premium rate in some states, while in others the rate may vary significantly among multiple companies, states the U.S. Department of Housing and Urban Development.
The HUD Real Estate Statement Procedures Act provides that a seller cannot require a buyer to use a specific title insurance company. Buyers are free to shop around for the title company that best fits their price and policy needs. HUD notes that the cost of title insurance is frequently lower when the owner uses the same company as the lender.