Austin Homeowners Insurance

How to find cheap homeowners insurance in Austin


One of the most important aspects of homeownership is home insurance. Fire, vandalism, theft, and wind damage are only a few of the perils from which home insurance can protect your dwelling and personal property. With the relative frequency of such events -- along with the high cost of rebuilding or repairing damages to a home -- obtaining homeowners insurance is a smart investment.

The cost of home insurance is dependent on a number of factors. These include your dwelling's value, the value of your personal belongings, and the cost of the materials used to build your home. The location of your dwelling can also play a large role in how much you pay for home insurance. Some geographic areas are susceptible to perils such as hail, wildfires, pipe freezes, volcanoes, and other hazards. These perils can lead to more expensive homeowners insurance rates. Find out more about what is covered by a homeowners insurance policy.

If you want to find cheap home insurance in Austin, start with shopping around and comparing what different companies offer. Have a look at the summary below comparing average homeowners insurance premiums in Austin to begin your home insurance search with as much knowledge as possible. One thing to note is that the yearly cost of home coverage is determined based on your chosen coverage limits as well as a number of other rating factors.


Austin, Texas, home insurance — table of contents:
  1. Rates by insurance company
  2. Rates by coverage amount
  3. Rates by ZIP code
  4. Rates by deductible level
  5. Policy bundling discounts

Homeowners insurance in Austin by insurance company

What you pay for homeowners insurance in Austin will depend on the insurance company you get your policy through. The most inexpensive home insurance in Austin comes from Texas Farmers, which offers average annual rates of just $236 per year. This is more favorable than the city’s average homeowners premium of $2,062.

Have a look at the cheapest insurance companies in Austin, Texas to find the right homeowners policy for your needs.


AFFORDABLE HOMEOWNERS INSURANCE COMPANIES IN AUSTIN
CompanyAverage Annual Rate
Texas Farmers$236
Safeco$1,601
Travelers$1,668
United$1,762
State Farm$2,020

Average homeowners insurance prices in Austin by coverage level

How much you pay for home insurance coverage is greatly influenced by the level of coverage you choose. Homeowners in Austin who carry $200K in dwelling coverage pay an average of $1,556 per year, while those with coverage up to $400K pay around $2,596 per year.


HOMEOWNERS INSURANCE RATES IN AUSTIN — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$100K Dwelling$954
$200K Dwelling$1,556
$250K Dwelling$1,762
$400K Dwelling$2,596

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Austin homeowners insurance prices by ZIP code

Not every area of Austin has equal home insurance premiums. Policies are often priced on local variables such as the number of claims filed in the immediate area, meaning the neighborhood in which you live could have a major impact on how much you pay to insure your home.

To find the cheapest home insurance premiums in Austin, look no further than 78737. In the 78737 area, homeowners coverage usually costs just $1,916 per year — a full $145 less than the Austin average. If you’re looking for the areas with the least expensive homeowners premiums in Austin, have a look at the table below.


AFFORDABLE AREAS FOR HOMEOWNERS INSURANCE IN AUSTIN
ZIP CodeAverage Annual Home Insurance Rate
78737$1,916
78739$1,968
78749$1,972

On the other hand, some areas of Austin face higher homeowners insurance costs, on average. These areas of the city could be more susceptible to perils such as theft, severe weather, or fires that present more risk for insurance companies. With an annual average premium of $2,171, 78723 comes in as the costliest ZIP code in Austin for home insurance.


EXPENSIVE AREAS FOR HOMEOWNERS INSURANCE IN AUSTIN
ZIP CodeAverage Annual Home Insurance Rate
78723$2,171
78724$2,163
78653$2,157

Homeowners insurance deductibles in Austin

Among the many options faced by homeowners when purchasing homeowners insurance is how high to set the deductible. The deductible is the dollar amount that the insured must contribute toward a covered loss. Choosing your deductible can have a major impact on how much you pay for homeowners insurance.

On the whole, choosing a low deductible means that your insurance premiums will be higher. This means that those seeking lower insurance costs will want to seriously consider a higher homeowners deductible. Keep in mind that your deductible should only be as high as you can reasonably afford in the event of a covered loss.

The following table displays the typical rates associated with standard homeowners deductibles.


HOME INSURANCE RATES BY DEDUCTIBLE LEVEL IN AUSTIN
Deductible LevelAverage Annual Home Insurance Rate
$500$1,877
$1,000$1,762
$1,500$1,707
$2,000$1,575
$5,000$1,363

Money-saving tip for home and auto insurance in Austin: bundling

To save a little money, you might consider bundling your homeowners and auto insurance policies through the same company. Bundling homeowners and auto insurance can save you a substantial sum each month on your auto insurance bill. Bundling policies in Austin could, in fact, lead to average annual savings of 7%.


CHEAPEST CAR INSURANCE RATES WITH A POLICY BUNDLE IN AUSTIN
CompanyAvg. Annual Auto Insurance Rate (With Bundle)
State Farm$1,095
USAA$1,160
Progressive$1,720
Allstate$1,845
GEICO$2,348

It's definitely worth considering bundling both your auto and home policies as a potential way of saving money.


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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.