Shopping for homeowners insurance doesn’t need to be confusing. Compare rates from Texas by city and carrier below.
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.
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.
|Insurance Company||Average 12-Month Rate in Texas|
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.
|City||Average Yearly Home Insurance Rate|
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.
|Coverage Level||Average Annual Premium|
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.
|Deductible Level||Average Annual Homeowners Insurance Rate|
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.
|Avg. Yearly Auto Insurance Rate (No Bundle)||Avg. 12-Month Auto Insurance Rate (Bundle)||Annual Bundle Savings||Bundle Savings %|
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:
Yes - GEICO provides homeowners insurance in the state of 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.
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:
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:
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/)
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)
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 to storms.
*Source: Insurance Information Institute (https://www.iii.org/fact-statistic/facts-statistics-hurricanes)
|Company||Average Annual Hurricane Endorsement Rate|
|Texas Farm Bureau||$1,949|
|Homeowners of America||$2,119|
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:
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.