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 get cheap 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. Homeowners insurance protects your dwelling, personal property, and other buildings in the event of a number of circumstances, such as wind damage, fire, theft, vandalism, and others.

Unlike car insurance, homeowners insurance isn't priced based on state-level legislation. Even so, major gaps exist in home insurance rates from state to state. Home insurance costs by state may vary based on the number of — and value of — home insurance claims filed in the state, and also on the price of the belongings and home you're insuring.

The easiest way to acquire cheap home insurance in Texas is to get quotes from a variety of insurance companies. Get an idea of how much home insurance costs in Texas via the below breakdown. Remember: your rates may differ, depending on your coverage limits.


Homeowners insurance in Texas:
  1. Rates by company
  2. Rates by city
  3. Home-and-auto bundling discounts
  4. FAQs

Homeowners insurance prices in Texas by carrier

Rates for home insurance in Texas can vary based on the insurance company you use. Texas Farmers offers the cheapest homeowners insurance in Texas, at only $261 per year. This compares favorably to the state's average price of $3,087, offering a $2,825 price break on average policy costs statewide.

Start looking for home insurance by viewing average rates from top Texas home insurance carriers, listed below.


THE CHEAPEST HOMEOWNERS INSURANCE COMPANIES IN TEXAS
InsurerAverage Annual Rate in Texas
Texas Farmers$261.37
ASI Lloyds$2,231.94
United$2,439.24
Safeco$2,816.48
Homeowners$3,053.56

Texas homeowners insurance by city

Homeowners insurance rates in Texas differ by city. Prices depend on city-specific variables, such as the likelihood of weather-related claims in the area, meaning your specific ZIP code impact how much you pay.

The cheapest home insurance in Texas is found in El Paso. A typical home insurance term in El Paso costs just $1,827 per year — $1,260 less than the state average. Reference the below table to see the cheapest cities in Texas for home insurance.


AFFORDABLE HOMEOWNERS INSURANCE BY CITY IN TEXAS
CityAverage Annual 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

Home and auto insurance bundles in Texas

If you want to save, consider carrying 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 car insurance. Bundling policies in Texas leads to a yearly discount of $117.


HOME AND AUTO INSURANCE BUNDLING DISCOUNTS IN TEXAS
Avg. 12-Month Auto Insurance Rate (No Bundle)Avg. 12-Month Auto Insurance Rate (Bundle)Annual Bundle SavingsBundle Savings %
$1,781.00$1,664.00$117.007%

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


Seeking insights on homeowners insurance in a particular city? Check out our breakdown of significant 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 homeowners 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.

*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.




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