Texas Homeowners Insurance

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 find affordable homeowners insurance in Texas


Homeowners insurance is an optional — but important — product that works to keep your belongings safe in the event your house or property suffers damage from common incidents. A homeowners policy defends your dwelling and property in the event of an array of circumstances, including wind damage, fire, theft, vandalism, and others.

Unlike auto insurance, home insurance is not governed by state legislation. Even so, major differences exist in homeowners insurance costs on a state-by-state basis. Policy prices in states may differ based on the value of — and total number of — homeowners policy claims lodged in the state, and depend on the price of the belongings and home you're insuring.

The best way to find cheap homeowners insurance in Texas is to get quotes from multiple companies. Get an idea of home insurance rates in Texas by referencing the below tables. Remember: your home insurance rates will vary, depending on your coverage limits.


Texas home insurance:
  1. By company
  2. Homeowners rates by city
  3. Rates by coverage level
  4. Rates by deductible amount
  5. Bundling discounts
  6. FAQs


Home insurance rates in Texas by insurance company

Rates for home insurance in Texas vary based on the insurance company you select. Texas Farmers offers the most affordable homeowners insurance in Texas, at just $261 per year. This compares favorably to the state average cost of $3,087, providing a $2,825 discount on the typical rates in the state.

Begin the hunt for cheap home insurance by reviewing the cheapest Texas carriers, listed below.


HOMEOWNERS INSURANCE RATES IN TEXAS: BY CARRIER
CompanyAverage Annual 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

Not all Texas cities have equal homeowners insurance rates. Prices depend on city-specific variables, including the number of homeowners claims filed nearby, meaning your specific ZIP code impact how much you pay.

The best home insurance rates in Texas are in El Paso. The average home insurance policy in El Paso costs only $1,827 each year — $1,260 less than the average homeowners policy in other Texas cities. The below cities have the most affordable home insurance in Texas.


AFFORDABLE CITIES FOR HOME INSURANCE IN TEXAS
CityAverage 12-Month Home Insurance Rate
El Paso$1,827
Austin$2,072
Killeen$2,072
San Antonio$2,162
Laredo$2,191


Average homeowners insurance rates in Texas by coverage level

Your chosen level of homeowners coverage has an impact on 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 LIMITS
Coverage LevelAverage Annual Cost
$100,000 Dwelling$1,362
$200,000 Dwelling$2,207
$250,000 Dwelling$2,558
$400,000 Dwelling$3,758


Compare Homeowners Insurance Rates


Home insurance deductibles in Texas

Texas homeowners have a lot of decisions to make when purchasing a homeowners policy, including how high or low to set their deductible. The deductible is the total dollar amount that the insured contributes toward a covered loss. Where you set your deductible can be a major factor in determining your insurance premiums.

On the whole, choosing a low deductible means that your insurance rates will be higher. Therefore, consider a higher deductible if your are hoping to secure lower insurance rates. Remember: your homeowners deductible should not be set at an amount that you would have difficulty paying in the event of a loss.

The following table illustrates the typical rates affiliated with most deductibles.


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


Homeowners and auto insurance bundles in Texas

If you want to save on homeowners insurance, consider buying your home and auto policies from the same insurance company. A home and auto insurance bundle in Texas can lead to substantial savings on car insurance. Bundling home and auto policies in Texas leads to yearly savings of $117.


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


A great way to save is to bundle your home and auto insurance policies. Find a policy today!


Looking for insights on homeowners 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 usually a basic policy won't 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. The average cost of homeowners insurance with a 2% hurricane deductible in Texas is $2,395 per year. 

What makes hurricanes so treacherous is the sheer amount of different perils that they bring. While most of these perils are covered by a standard homeowners policy, hurricane insurance itself doesn't exist as its own product. However, insurers commonly apply deductibles known as "windstorm" or "hurricane" deductibles in areas at risk of such storms. Only triggered in certain conditions, these specialized deductibles work differently than the deductible for a standard peril. For a start, they are oftentimes more expensive, based on a percentage of your home's overall value. Be aware that flooding is never covered on a standard policy and needs to be added on through — in most cases — the National Flood Insurance Program.

Below are some affordable choices for hurricane coverage in Texas. Please treat the following rates as mere estimates. For rates specific to your property, reach out to these companies directly.

 

AFFORDABLE HOMEOWNERS HURRICANE COVERAGE IN TEXAS
CompanyAverage 12-Month Hurricane Insurance Rate
Texas Farm Bureau$1,782
United$1,829
Texas Farmers$2,023
Nationwide$2,117
Homeowners of America$2,119

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


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 masters degree from Royal Holloway, University of London. He has been quoted by Kin Insurance, Safety.com, and autoinsuranceEZ.com.