Homeowners Insurance in Texas

Shopping for homeowners insurance doesn’t need to be confusing. Compare rates from Texas by city and carrier below.

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How to get affordable homeowners insurance in Texas


Home insurance is an optional but important insurance coverage. It keeps your investment insured in the event your house suffers damage from a common incident. A homeowners policy defends your dwelling, attached buildings, and personal property in the event of a number of misfortunes, including theft, fire, vandalism, or wind damage.

Unlike car insurance policies, home insurance isn't priced based on state-level legislation. Even so, major gaps exist in homeowners insurance costs from state to state. Home insurance rates in states may differ depending on the number and value of homeowners policy claims submitted statewide, and depend on the value of the belongings and home insured on the policy.

The easiest way to acquire cheap home insurance in Texas is to get quotes from a variety of insurance companies. Learn typical homeowners insurance rates in Texas by referencing the below data. Your rates may vary, depending on your coverage details.


Texas home insurance:
  1. Rates by company
  2. Rates by city
  3. Rates by coverage amount
  4. Rates by deductible level
  5. Bundling home and auto insurance
  6. FAQs

Homeowners insurance rates in Texas by insurance company

Homeowners insurance rates in Texas differ based on the insurance company you choose. Texas Farmers sells the cheapest homeowners policies in Texas —  $261 per year. This compares favorably to the state's average rate of $2,207, offering a $1,946 discount on the state's average rate.

Begin your search for cheap homeowners insurance by reviewing the most affordable Texas companies, listed below.


THE MOST AFFORDABLE HOMEOWNERS INSURANCE COMPANIES IN TEXAS
Insurance CompanyAverage 12-Month Rate in Texas
Texas Farmers$261
ASI Lloyds$2,232
United$2,439
Safeco$2,816
Homeowners$3,054

Texas home insurance prices: by city

Home insurance rates in Texas vary by city. Rates depend on city-specific variables, such as the number of local claims filed, giving your ZIP code weight in deciding how much you pay.

The cheapest home insurance rates in Texas are available in Biggs Field. A typical home insurance term in Biggs Field costs just $1,481 each year — $726 less than the state average. The below table shows the best places to live in Texas if you’re looking for cheap homeowners insurance.


AFFORDABLE CITIES FOR HOME INSURANCE IN TEXAS
CityAverage Yearly Home Insurance Rate
Biggs Field$1,481
Fort Bliss$1,539
El Paso$1,548
Clint$1,560
Fabens$1,561

Homeowners insurance costs in Texas by coverage levels

Your chosen level of homeowners coverage impacts the insurance premiums you pay . In Texas, maintaining $100K dwelling coverage costs an average of $1,362 per year, while carrying dwelling coverage up to $400K costs $3,758/year.


HOMEOWNERS INSURANCE RATES IN TEXAS — COMMON COVERAGE TIERS
Coverage LevelAverage Annual Premium
$100,000 Dwelling$1,362
$200,000 Dwelling$2,207
$250,000 Dwelling$2,558
$400,000 Dwelling$3,758

Home insurance deductibles in Texas

Texas homeowners have a lot of decisions to make when purchasing a homeowners insurance policy, including how much their deductible should be. A deductible is the amount for which a homeowner is responsible before the insurer will cover a claim. The deductible that you decide on can impact your insurance rates directly.

When selecting a deductible, remember that the higher your deductible is, the lower your premiums will be. Therefore, if you need your home insurance rates to be lower, it pays to increase your deductible. Remember that your deductible should only be as high as you can reasonably pay in the event of a covered loss.

Take a look at some of the normal deductibles offered by home insurance companies and an estimate of what you can expect your premiums to be.


HOME INSURANCE COSTS BY DEDUCTIBLE TIER IN TEXAS
Deductible LevelAverage Annual Homeowners Insurance Rate
$500$2,717
$1,000$2,558
$1,500$2,484
$2,000$2,296
$5,000$2,005

How to save: bundle home and auto insurance in Texas

If you want to save on home insurance, consider holding your home and auto policies with the same insurance company. Bundling home and auto insurance in Texas can save you a substantial sum each month on auto insurance. Bundling policies in Texas leads to yearly savings of $117.


HOME AND AUTO INSURANCE BUNDLING DISCOUNTS IN TEXAS
Avg. Yearly Auto Insurance Rate (No Bundle)Avg. 12-Month Auto Insurance Rate (Bundle)Annual Bundle SavingsBundle Savings %
$1,781$1,664$1177%

One of the best ways to save on auto insurance is to bundle policies. Get started today!


Looking for insights on home insurance in a particular city? Check out our breakdown of major Texas cities:

  1. Arlington
  2. Austin
  3. Corpus Christi
  4. Dallas
  5. El Paso
  6. Fort Worth
  7. Garland
  8. Houston
  9. Irving
  10. Laredo
  11. Lubbock
  12. Plano
  13. San Antonio

Texas home insurance FAQs


Does GEICO offer homeowners insurance in Texas?

Yes - GEICO provides homeowners insurance in the state of Texas.

Why is homeowners insurance so expensive in Texas?

Texas homeowners insurance is more expensive than some other states due to certain perils that Texans face. These include hail and wind storms, flash floods, tornadoes, wildfires, and (in coastal areas) hurricanes. Perils of this nature can cause a lot of damage and are sure to drive up rates.


What homeowners insurance options are available in Texas?

A number of coverage options are available to homeowners in Texas. Tiers of coverage are prescribed by the Insurance Services Office (ISO), an advisory organization that develops insurance programs and helps states meet regulation requirements.

Common homeowners coverage types include:

  • HO-1 (Basic): The most basic form of coverage for a home. All covered perils — causes of loss — are explicitly listed in the policy. Any circumstance not listed as a covered peril is not covered by an HO-1 policy.
  • HO-2 (Broad): This policy is referred to as broad,  as it extends coverage to cover more perils. It names the covered perils for both a property and its contents.
  • HO-3 (Special): The most common type of homeowners policy, HO-3 is an open peril policy, meaning it protects property against all perils unless specifically listed as not being covered. A home’s contents are still covered against named perils.
  • HO-5 (Comprehensive): The most inclusive variety of home insurance policy, this coverage protects a home and its contents in the event of open perils.

 

Texas-specific policy names

Texas is somewhat unique in that insurance providers use different names for these common policies. Below you’ll find corresponding policy names used by some home insurance companies in Texas:

  • HO-A (same as HO-1): Provides basic coverage and covers a home and the property therein against named perils.
  • HO-A+ (same as HO-2): Expands coverage to include additional named perils.
  • HO-B (same as HO-3): Covers a home against open perils and your contents against named perils.
  • HO-C (same as HO-5): Covers a home and its contents against all perils unless specifically listed.

Does homeowners insurance cover tornadoes in Texas?

A tornado can strike with precious little advance warning. There is little you can do to get ready and the effects are often devastating. As such, it's vital to insure your home against tornadoes in Texas, which averages 147 tornado events per year.*

Tornado damage is usually the result of wind, so you’ll need to make sure your homeowners policy has windstorm coverage, which comes standard as a part of many homeowners policies.

Wind protection covers the exterior and overall structure of the building. However, depending on the type of policy you have, you may find that interior damage is only covered when it's a result of exterior damage, like a tree branch breaking a window. Detached structures are also covered, generally up to 10% of the amount at which the home is insured. Keep in mind that other damages the storm causes may not be covered. For instance, if the storm that produced the tornado also causes flooding that damages your home, those damages won't be covered unless you have previously added flood insurance to your policy.

*Source: NOAA'S National Weather Service (https://www.spc.noaa.gov/gis/svrgis/)


Homeowners insurance and hail in Texas

Depending on where you live, hailstorms can lead to varying levels of damage to personal property. In Texas, homeowners policies typically come with hail coverage to cover the physical structure of your home if it suffers damages in a hail event.

If you reside in a location that is especially prone to hail forecasts — such as Texas, which endured 508 incidents of hail in 2018* — it's smart to check your homeowners policy to see what's covered and what's not — some insurance companies designate higher deductibles in hail-prone areas and make exclusions for cosmetic damage,   meaning that if your battered house is still functional despite aesthetic flaws after a hailstorm, your insurer will likely refuse to pay for its repair.

*Source: Insurance Information Institute (https://www.iii.org/fact-statistic/facts-statistics-hail)


Homeowners insurance and hurricanes in Texas

Because hurricanes can cause calamitous destruction and completely demolish homes altogether, insurance companies are unwilling to assume the full risk of hurricanes as a whole. If you own a home in Texas, you could be vulnerable to experiencing damage from hurricanes. In fact, 39,109 single-family residences are exceedingly vulnerable to hurricane damage in Texas.*

If you own a home near the coast, it's crucial to check and understand your homeowners insurance policy since a basic policy may not be enough to cover hurricane damage — you would need separate flood and windstorm insurance policies, which would work in tandem to pay for repairs or replacements. Depending on your location, your insurer may make it compulsory to have a separate hurricane deductible if you reside in a region that's especially susceptible.

*Source: Insurance Information Institute (https://www.iii.org/fact-statistic/facts-statistics-hurricanes)


HURRICANE DEDUCTIBLE RATES IN TEXAS
CompanyAverage Annual Hurricane Endorsement Rate
United$1,852
Texas Farm Bureau$1,949
Nationwide$2,117
Homeowners of America$2,119
American Strategic$2,322

Floods and home insurance in Texas

Damage via flooding— no matter the circumstances under which it occurs —is not covered by homeowners insurance policies. To protect your home, acquire insurance through FEMA's National Flood Insurance Program (NFIP) or via a private insurer. Coverage details from private insurance companies vary.

If you purchase flood insurance through NFIP, you'll receive:

  • $250,000 structural coverage
  • $100,000 personal property coverage

If the value of your personal property and home exceed these limits, consider purchasing a policy from a private company for additional protection.

Flood insurance is especially important in Texas, which paid out $696,028,890 in flood insurance claims in 2016, according to the Federal Emergency Management Agency.


Ross Martin LinkedIn

As a licensed insurance agent, Ross is responsible for researching and writing about all matters related to auto and home insurance. He has a background in writing and education, as well as a master's degree from Royal Holloway, University of London. He has been quoted by CNET, iDriveSafely.com, and Kin Insurance.