El Paso, TX Homeowners Insurance

Find affordable home insurance in El Paso


A critical consideration for every homeowner should be home insurance. It covers your dwelling — and the personal property within it — against a variety of perils, including fire, theft, vandalism, or wind damage. Incidents like this occur regularly. When paired with the high cost of repairing or rebuilding a home, investing in homeowners coverage can seem like a great idea.

The cost of home insurance depends on many factors. This can include the overall value of your house, the value of your personal belongings, and the materials that were used when building your home. Your home's location can also impact how much you pay, as some locations are more prone to destructive hazards. If your area is at risk of being affected by hail, strong winds, fire, frozen pipes, or volcanic activity, then your premiums could be substantially higher than average. Learn more about what a home insurance policy covers.

If you want to find affordable homeowners insurance in El Paso, start with looking around and comparing policies. Take a look at the summary below showing average homeowners insurance premiums in El Paso to help you get as much information as possible when you start your search for homeowners insurance. 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.


El Paso, Texas, homeowners 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 El Paso by insurance company

El Paso homeowners insurance rates will vary depending on which insurance company you choose. The most inexpensive home insurance in El Paso comes from Texas Farmers, which offers average annual rates of just $195 per year. This is more favorable than the city’s average home insurance premium of $1,826.

Below you'll find a list of the cheapest home insurance companies in El Paso, Texas to help you start your search.


AFFORDABLE HOMEOWNERS INSURANCE COMPANIES IN EL PASO
CompanyAverage Annual Rate
Texas Farmers$195
United$837
Safeco$1,066
ASI Lloyds$1,104
Travelers$1,149

Average homeowners insurance rates in El Paso by coverage amount

Your chosen level of homeowners coverage has an impact on the insurance premiums you pay . In El Paso, carrying $200K dwelling coverage costs an average of $1,345, while carrying additional coverage up to $400K costs $2,221/year.


HOMEOWNERS INSURANCE RATES IN EL PASO — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$100,000 Dwelling$846
$200,000 Dwelling$1,345
$250,000 Dwelling$1,548
$400,000 Dwelling$2,221

Compare Homeowners Insurance Rates

El Paso home insurance prices by ZIP code

Homeowners insurance premiums can vary depending on what area of El Paso in which you live. The amount of claims filed in your local area can be a factor in determining the price of your policy. Put simply, the neighborhood you live in could have a huge impact in what you pay for homeowners coverage.

To find the most affordable home insurance premiums in El Paso, look no further than 79906. In the 79906 area, homeowners coverage usually costs just $1,752 per year — a full $75 less than the El Paso average. Find the best places to live in El Paso for cheap home insurance by looking at the following table.


AFFORDABLE NEIGHBORHOODS FOR HOMEOWNERS INSURANCE IN EL PASO
ZIP CodeAverage Annual Home Insurance Rate
79906$1,752
79910$1,762
79968$1,762

Other areas of El Paso, it should be noted, face homeowners rates that are higher than the city 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. An average annual rate of $1,889 makes 79927 the most expensive ZIP code in El Paso for homeowners insurance.


EXPENSIVE AREAS FOR HOMEOWNERS INSURANCE IN EL PASO
ZIP CodeAverage Annual Home Insurance Rate
79927$1,889
79907$1,877
79905$1,870

Homeowners insurance deductibles in El Paso

Homeowners have a lot of choices to make when buying a policy, including how much their deductible should be. A deductible is the amount for which a homeowner is responsible before the insurer will cover a claim. Where you choose to set your homeowners deductible is linked to how much you pay in insurance premiums.

In short, having a higher deductible translates to lower insurance costs. Therefore, if you need your home insurance rates to be lower, you’ll want to increase your deductible. It's worth noting that your deductible should only be as high as you can reasonably pay in the case of an actual loss.

The table below displays the average premiums associated with deductibles offered by most home insurers.


HOME INSURANCE RATES BY DEDUCTIBLE TIER IN EL PASO
Deductible LevelAverage Annual Homeowners Insurance Rate
$500$1,655
$1,000$1,548
$1,500$1,484
$2,000$1,385
$5,000$1,159

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

You might want to consider purchasing your auto and homeowners policies through the same company if you are searching for the best overall prices. Bundling homeowners and auto insurance can be a good money-saving option. Bundling policies in El Paso could, in fact, lead to average annual savings of 7%.


CHEAPEST CAR INSURANCE RATES WITH HOME BUNDLE IN EL PASO
CompanyAvg. Annual Auto Insurance Rate (With Bundle)
State Farm$1,097
USAA$1,232
Progressive$1,672
Allstate$1,868
GEICO$2,451

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.