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How to find affordable homeowners insurance in Dallas

A critical consideration for every homeowner should be insurance coverage for your home. Along with your home furnishings and other belongings, homeowners insurance covers your dwelling in the event of many perils, including theft, fire, wind damage, and vandalism. With the relative frequency of such events — and the high cost of rebuilding or repairing a home — purchasing home insurance is a wise investment.  A typical homeowners policy costs $300 per month in Dallas, Texas, more than double the national average.

The cost of homeowners insurance coverage factors in variables such as the cost of building materials, the value of your personal belongings, and the overall value of the primary dwelling. The location of your home also contributes to the price of your homeowners insurance policy. In areas prone to perils likefrozen pipes, hail, windstorms, or wildfires, home insurance rates may be higher to account for the extra risk. Learn more info about what your homeowners insurance policy covers.

If you want to find cheap home insurance coverage in Dallas, start with looking around and comparing policies. Have a look at the summary below comparing average Dallas 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.

 

Table of contents:
  1. Rates by insurer
  2. Rates by coverage amount
  3. Rates by ZIP code
  4. Rates by deductible amount
  5. Policy bundling savings

 

Dallas home insurance by company

Homeowners insurance rates in Dallas vary from one insurance company to another. Texas Farmers offers the most affordable home insurance in Dallas, at just $274 per year. This compares favorably to the city’s average homeowners premium of $3,596.

Below you'll find a list of the cheapest homeowners insurance companies in Dallas, Texas to help you begin your search. We recommend you also check out our guide to the best home insurance companies ranked by customer satisfaction, third-party ratings, and other factors. 

 

AFFORDABLE HOME INSURERS IN DALLAS
Company Average Annual Rate
Texas Farmers $274
Safeco $2,849
ASI Lloyds $2,907
Allstate $2,910
United $3,096

 

Dallas homeowners insurance prices by coverage level

The level of homeowners coverage you select has an impact on your insurance premiums. Homeowners in Dallas who carry $200K in dwelling coverage pay an average of $2,294 per year, while those with coverage up to $400K pay around $4,373 per year.

 

POPULAR COVERAGE LIMITS IN DALLAS
Coverage Level Average Annual Rate
$100,000 Dwelling $1,574
$200,000 Dwelling $2,294
$250,000 Dwelling $2,971
$400,000 Dwelling $4,373

 

Dallas home insurance rates by ZIP code

Not every area of Dallas has equal home insurance costs. 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 cheapest homeowners coverage in Dallas, take a look at the 75098 ZIP code. In the 75098 area, homeowners coverage usually costs just $3,166 per year — a full $431 less than the overall average for Dallas. Find the best places to live in Dallas for cheap home insurance by looking at the table below.

 

AFFORDABLE HOME INSURANCE AREAS IN DALLAS
ZIP Code Average Annual Home Insurance Rate
75098 $3,166
75252 $3,241
75287 $3,274

Other areas of Dallas, it should be noted, face homeowners rates that surpass the city average. Crime rates, fire risk, and even your proximity to emergency services such as fire and police stations could impact rates the risk level of certain parts of the city, which has the potential to drive up area rates. With an annual average premium of $4,396, 75275 comes in as the priciest ZIP code in Dallas for homeowners coverage.

 

EXPENSIVE HOME INSURANCE AREAS IN DALLAS
ZIP Code Average Annual Home Insurance Rate
75275 $4,396
75216 $3,915
75215 $3,823

 

Dallas homeowners insurance deductibles

Homeowners have a lot of choices to make when buying a policy, including how high or low to set their deductible. A homeowners deductible is the total dollar amount that the insured must contribute toward a covered loss. The deductible that you decide on can change how much you pay in insurance premiums.

When considering your homeowners deductible, a good rule of thumb is that the lower your deductible, the higher your premiums. Therefore, it might make sense to set a higher deductible if you aim to pay lower premiums. Be mindful of the fact that your deductible should only be set as high as you can reasonably afford if you suffer a loss.

The chart below illustrates the typical rates affiliated with most deductibles.

 

HOME INSURANCE PREMIUMS BY DEDUCTIBLE LEVEL IN DALLAS
Deductible Level Average Annual Homeowners Insurance Rate
$500 $3,174
$1,000 $2,971
$1,500 $2,882
$2,000 $2,638
$5,000 $2,295

 

Home and auto insurance bundling in Dallas

You might want to consider purchasing your auto and homeowners policies through the same company if you are looking to save on overall insurance costs. Bundling homeowners and auto insurance can be a good money-saving option. By bundling your policies, Dallas homeowners could see annual savings of 7% on average.

 

CHEAPEST CAR INSURANCE RATES WITH HOME BUNDLE IN DALLAS
Company Avg. Annual Auto Insurance Rate (With Bundle)
State Farm $1,258
USAA $1,314
Progressive $1,930
Allstate $2,327
GEICO $2,891

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Kristine Lee photo
Kristine LeeManager, Content and Data

Kristine is a licensed insurance agent who joined The Zebra in 2019 as an in-house content researcher and writer. Before joining The Zebra, she was a freelance copywriter for over five years. 

She is an authority on all things insurance and covers the ins and outs of auto, home, life and renters insurance. Her specialty is in providing data-backed insights and information to help insurance shoppers make informed decisions.

Kristine's insurance expertise and research have been cited by publications such as CNBC, BadCredit.orgCar and Driver, Business Insider, Yahoo!, The Balance, Nationwide and Elephant.

About The Zebra

The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.