El Paso, TX Homeowners Insurance

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Find cheap homeowners insurance in El Paso


Homeowners insurance is a critical element of homeownership. Along with your personal 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 incidents -- along with the high cost of rebuilding or repairing damages to a home -- obtaining homeowners insurance is a wise investment.

What you pay for homeowners insurance depends on myriad factors, including the value of the dwelling, the value of your personal items, and the materials used to construct the 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. Discover more information about what a home insurance policy covers.

If you want to find cheaper home insurance coverage in El Paso, start with looking around and comparing different policies. Check out the below summary of average El Paso homeowners insurance premiums to ensure you start your search with as much background info as possible. It's important to remember that the cost of your homeowners insurance is often based on the coverage limits you choose as well as a variety of other factors.


El Paso, Texas, homeowners insurance — table of contents:
  1. Rates by insurance company
  2. Rates by coverage amount
  3. Rates by ZIP
  4. Rates by deductible level
  5. Insurance bundle discounts

Homeowners insurance in El Paso by insurance company

El Paso homeowners insurance rates will vary depending on which insurance company you choose. Texas Farmers offers the most affordable home insurance in El Paso, at just $195 per year. This compares favorably to the city’s average homeowners premium of $1,826.

To get started with your homeowners insurance policy search, take a look at this list of the cheapest companies in El Paso, Texas.


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 costs in El Paso by coverage levels

How much you pay for home insurance coverage is greatly influenced by the level of coverage you choose. In El Paso, carrying $200K dwelling coverage costs an average of $1,345, while carrying additional coverage up to $400K costs $2,221 per year.


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

El Paso homeowners insurance rates by ZIP code

Depending on which part of El Paso you live in, you might see a big difference in your home insurance costs. The amount of claims filed in your local area can be a factor in determining the price of your policy. Put simply, your home's location could have a huge impact in what you pay for homeowners insurance.

If you're looking for the most affordable homeowners coverage in El Paso, take at look at the 79906 ZIP code. In the 79906 area, homeowners policies typically cost just $1,752 per year on average — a full $75 less than the El Paso average. If you’re looking for the areas with the most affordable homeowners insurance in El Paso, have a look at the table below.


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

Some parts of El Paso, however, have home insurance rates that are higher on average. These areas of the city could be more prone to perils such as theft, severe weather, or fires that present more risk for insurance companies. One of the costliest ZIP codes for homeowners insurance in El Paso is 79927, with an annual average rate of $1,889.


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

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

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

Home insurance deductibles in El Paso

One of the many decisions to be made when looking at home insurance policies is where to set your deductible. A homeowners deductible is the total dollar amount that the insured must contribute toward a covered loss. The deductible chosen can impact your insurance rates directly.

When choosing a deductible, a good rule of thumb is that the lower your deductible, the higher your premiums. This means that those looking for lower rates will want to consider a higher deductible. It's worth calling out that a homeowners deductible should only be as high as you can reasonably pay in the event of a loss.

Below you'll find some popular deductibles offered by most home insurance companies as well as with corresponding average insurance costs.


HOMEOWNERS INSURANCE PREMIUMS BY DEDUCTIBLE TIER IN EL PASO
Deductible LevelAverage Annual Home 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

If you’re searching for ways to save on your overall insurance costs, consider purchasing your home and auto policies from the same insurance company. Bundling homeowners and auto insurance can be a good money-saving option. In fact, bundling policies in El Paso leads to average annual savings of 7%.


CHEAPEST AUTO INSURANCE PREMIUMS 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.


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 master's degree from Royal Holloway, University of London. He has been quoted by CNET, iDriveSafely.com, and Kin Insurance.