Austin, TX Homeowners Insurance

Learn how to find affordable home insurance in Austin, Texas — straight from an insurance expert.

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How to find affordable homeowners insurance in Austin

 

Home insurance is an important part of owning a home. Along with your personal property, homeowners insurance covers your dwelling against many different perils, including fire, wind damage, vandalism, and theft.  Events like this occur often. When paired with the high cost of repairing or rebuilding a home, purchasing an expansive homeowners policy can seem like a great move.

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 home can also influence how 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. Find out more information about what a home insurance policy covers.

Finding the cheapest home insurance in Austin starts with shopping around and comparing policies. Have a look at the summary below comparing average Austin homeowners insurance costs to ensure you start your search with as much background info as possible. Remember: your homeowners insurance premiums may vary based on your coverage limits and other factors.

 

Austin, Texas, home insurance — table of contents:
  1. Rates by insurance company
  2. Rates by coverage level
  3. Rates by neighborhood
  4. Rates by deductible amount
  5. Insurance bundle discounts

 

Homeowners insurance in Austin by insurance company

Homeowners insurance rates in Austin vary from one insurance company to another. Texas Farmers offers the most affordable home insurance in Austin, at just $236 per year. This compares favorably to the city’s average homeowners premium of $2,062.

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

 

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

 

Average home insurance rates in Austin by coverage level

How much you spend on home insurance coverage is greatly affected by the level of coverage you choose. In Austin, carrying $200K dwelling coverage costs an average of $1,556, while carrying additional coverage up to $400K costs $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

 

Austin homeowners insurance rates by ZIP code

Homeowners insurance costs can vary depending on what area of Austin in which you live. 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.

If you're looking for the most affordable home insurance rates in Austin, take a look at the 78737 ZIP code. In the 78737 area, homeowners coverage usually costs just $1,916 on average — a full $145 less than the Austin average. Find the best places to live in Austin for cheap home insurance by looking 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

Other areas of Austin, it should be noted, face homeowners rates that surpass the city average . Such areas might face a higher probability of perils such as severe weather and fires. Similarly, they may also have a higher rate 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

 

Looking for insights on homeowners insurance in a specific city? Check out our analysis of populous Texas cities:

  1. Arlington
  2. Corpus Christi
  3. Dallas
  4. El Paso
  5. Fort Worth
  6. Garland
  7. Houston
  8. Irving
  9. Laredo
  10. Lubbock
  11. Plano
  12. San Antonio

 

Home insurance deductibles in Austin

One of the multiple decisions available when looking at homeowners insurance policies is how high or low to set your deductible. A homeowners deductible is the total dollar amount that the insured must contribute toward a covered loss. Where you set your deductible can play a large part in determining your insurance premiums.

Put simply, having a higher deductible translates to cheaper insurance rates. This means that those seeking lower home insurance costs will want to seriously consider a higher homeowners deductible. Be mindful of the fact that your deductible should only be as high as you can reasonably pay in the event of a covered loss.

Below are some typical deductible options offered by most home insurance companies alongside with related average insurance rates.

 

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

 

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

If saving money is something you're concerned with, you might purchase insurance for your home and auto through the same insurance company. Bundling your homeowners and auto insurance is one way to save substantially on your monthly car insurance premiums. Bundling policies in Austin could, in fact, lead to average annual savings of 7%.

 

CHEAPEST AUTO INSURANCE PREMIUMS 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

 

A great way to save on insurance is to bundle your home and auto policies with the same insurance company.

Compare home insurance quotes and start saving!

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Ava Lynch LinkedIn

Ava worked in the insurance industry as an agent for four-plus years. Currently providing insights and analysis as one of The Zebra’s resident property insurance experts, Ava has been featured in publications such as U.S. News & World Report, GasBuddy, and Yahoo! Finance.