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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Find inexpensive home 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 home insurance policy defends your dwelling, personal property, and other buildings in the event of an array of misfortunes, including wind damage, fire, theft, vandalism, and others.

Discrepancies exist in home insurance costs from state to state. Policy costs by state differ based on the number and total value of homeowners policy claims filed in that state, and also on the value of the belongings and dwelling you're insuring.

The best way to get cheap homeowners insurance in Texas is to get quotes from as many insurance companies as possible. Learn homeowners insurance costs in Texas via the below breakdown. Individual rates may vary depending on coverage options and the value of the dwelling being insured.


Home insurance in Texas:
  1. By insurance company
  2. By city
  3. Home-and-auto bundling discounts


Home insurance rates in Texas by carrier

Homeowners insurance rates in Texas vary based on the insurer you choose. Texas Farmers offers the most affordable homeowners policies in Texas, at only $261 per year. This beats the state average cost of $3,087, offering a $2,825 discount on the state's average rate.

Start your search for home insurance by reviewing the best Texas insurance companies, listed below.


HOME INSURANCE RATES IN TEXAS: BY COMPANY
InsurerAverage 12-Month Rate in Texas
Texas Farmers$261.37
ASI Lloyds$2,231.94
United$2,439.24
Safeco$2,816.48
Homeowners$3,053.56


Another company to consider is Hippo. Relatively new to the insurance industry, Hippo automatics and customizes your insurance shopping experience. While it can vary, Hippo advertises you can save 25% off your homeowners policy by switching. Click below to get started!



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Texas home insurance costs: by city

Homeowners insurance rates in Texas differ by city. Policy pricing may depend on city-specific variables like 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. An average home insurance policy in El Paso costs just $1,827 each year — $1,260 less than the average Texas rate. The below table shows the best places to live in Texas if you’re looking for cheap homeowners insurance.

CHEAPEST HOME INSURANCE CITIES IN TEXAS
City
Average 12-Month Home Insurance Rate
El Paso
$1,826.53
Austin
$2,071.89
Killeen
$2,072.35
San Antonio
$2,162.14
Laredo
$2,190.51

 

Money-saving tip: bundle home and auto insurance in Texas

To trim a few dollars from your insurance costs, consider holding your home and auto policies with the same insurance company. Bundling homeowners and auto insurance in Texas can save you a substantial sum each month on your auto insurance bill. Bundling policies in Texas leads to a yearly discount of $117.

HOME AND AUTO INSURANCE BUNDLING SAVINGS IN TEXAS
Avg. Yearly Auto Insurance Rate (No Bundle)
Avg. Yearly Auto Insurance Rate (Bundle)
Annual Bundle Savings
Bundle Savings %
$1,781.00
$1,664.00
$117.00
7%

You can save money on insurance by bundling your home and auto policies. Start shopping today!

 

Compare rates from top car insurance companies.

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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.

*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.