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How to find affordable 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. The average homeowners policy costs $152 per month in El Paso, Texas. This is less than the national average cost of home insurance.

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.

 
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
 

El Paso home insurance by company

El Paso homeowners insurance rates will vary depending on which homeinsurance 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 home insurance carriers in El Paso, Texas. Then, see our guide to home insurance carriers ranked best for customer satisfaction

 
AFFORDABLE HOME INSURERS IN EL PASO
Company Average Annual Rate
Texas Farmers $195
United $837
Safeco $1,066
ASI Lloyds $1,104
Travelers $1,149
 

El Paso homeowners insurance prices by coverage level

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.

 
POPULAR COVERAGE LIMITS IN EL PASO
Coverage Level Average Annual Rate
$100K Dwelling $846
$200K Dwelling $1,345
$250K Dwelling $1,548
$400K Dwelling $2,221
 

El Paso home 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 HOME INSURANCE AREAS IN EL PASO
ZIP Code Average 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 HOME INSURANCE AREAS IN EL PASO
ZIP Code Average Annual Home Insurance Rate
79927 $1,889
79907 $1,877
79905 $1,870
 

El Paso homeowners insurance deductibles

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.

 
HOME INSURANCE PREMIUMS BY DEDUCTIBLE LEVEL IN EL PASO
Deductible Level Average Annual Homeowners Insurance Rate
$500 $1,655
$1,000 $1,548
$1,500 $1,484
$2,000 $1,385
$5,000 $1,159
 

Home and auto insurance bundling in El Paso

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

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Ross Martin photo
Ross MartinManager, Content Quality

Ross joined The Zebra as a writer and researcher in 2019. As a licensed insurance agent, he specializes in writing insurance content to help shoppers make informed decisions.

Ross holds a master's degree from Royal Holloway, University of London and has a background in copywriting and education. As a former teacher, he applies his educational skills to explain insurance concepts in ways that consumers can understand.

Ross's work has been cited by The New York Times, AxiosInvestopedia, The Simple DollarThe BalanceCar and Driver and Fox Business. He has been quoted by CNET, I Drive Safely and Kin Insurance

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.