Austin Homeowners Insurance

The Zebra
Aug. 26, 2019

How to find affordable homeowners insurance in Austin


Home insurance is a critical element of homeownership. It covers your dwelling — and the personal property within it — against a variety of perils, including fire, theft, vandalism, or wind damage. With the relative frequency of such incidents -- and the high cost of rebuilding or repairing a home -- having a home insurance policy is a wise investment.

The cost of homeowners insurance coverage is dependent on a number of factors. These include the following: dwelling value, value of your personal belongings, and the cost of the materials used to build your home. The location of your home can also play a large role in home much you pay for homeowners insurance. Some areas are more susceptible to perils like fire, hail, frozen pipes, volcanoes, or other hazards. These can make your insurance policy even more expensive. Learn more about what is covered by a homeowners insurance policy.

If you want to find cheap home insurance coverage in Austin, start with looking around and comparing policies. Have a look at the summary below comparing average Austin homeowners insurance rates to ensure you start your search with as much background info as possible. One thing to note is that the yearly cost of homeowners coverage is determined based on your chosen coverage limits as well as a number of other rating factors.


Austin, Texas, homeowners insurance:
  1. Rates by company
  2. Rates by coverage level
  3. Rates by ZIP code
  4. Insurance bundle discounts

Homeowners insurance in Austin by insurance company

Austin homeowners insurance rates will vary depending on which insurance company you choose. 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 home insurance premium of $2,062.

Start your search for a home insurance policy by reviewing the cheapest companies in Austin, Texas, listed below.


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 costs in Austin by coverage level

Your chosen amount of homeowners coverage determines the insurance premiums you pay . In Austin, carrying $200K dwelling coverage costs an average of $1,556, while carrying additional coverage up to $400K costs $2,733 per year.


HOMEOWNERS INSURANCE RATES IN AUSTIN — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$200K Dwelling$1,556
$400K Dwelling$2,733

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Austin home insurance rates by ZIP code

Depending on the part of Austin you live in, you could see a big difference in your home insurance costs. One of the factors that insurers use when pricing your coverage is the number of claims filed in your surrounding area. As such, the location of your house can dramatically influence your home insurance premium.

If you're looking for the cheapest home insurance rates in Austin, take at look at the 78737 ZIP code. In the 78737 area, homeowners policies typically cost just $1,916 on average — 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 ZIP CODES FOR HOMEOWNERS INSURANCE IN AUSTIN
ZIP CodeAverage Annual Home Insurance Rate
78737$1,916
78739$1,968
78749$1,972

Some parts of Austin, however, have homeowners insurance costs that are higher on average. Such areas might face a higher risk of perils such as fires or severe weather events. Similarly, they may also have a higher amount of crimes such as burglary or vandalism. The most expensive ZIP code for homeowners insurance in Austin is 78723, where the average annual rate is $2,171.


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



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

If saving money is your main concern, you might purchase insurance for your home and auto through the same insurance company. Bundling your 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 AUTO INSURANCE RATES WITH HOME BUNDLE IN AUSTIN
CompanyAvg. Annual Auto Insurance Rate (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. To speak with an insurance professional, give us a call at 855-493-9728 today.


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