Laredo, TX Homeowners Insurance

Home insurance costs an average of $175 per month in Laredo. Learn more about how rates are calculated and how you can save.

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Find affordable homeowners insurance in Laredo

 

Home insurance should be a critical consideration for every homeowner. Along with personal property, homeowners insurance covers your dwelling in the event of many perils, including theft, fire, wind damage, and vandalism. Incidents like this occur often. When paired with the high cost of repairing or rebuilding a house, purchasing homeowners coverage can be a smart move.

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. 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 info about what your homeowners insurance policy covers.

If you want to find inexpensive home insurance in Laredo, start with looking around and comparing policies. Have a look at the summary below comparing average home insurance rates in Laredo to help you get as much information as possible when you start your search for homeowners insurance. Remember: your homeowners insurance rates may vary based on your coverage limits and other factors.

 
Laredo, Texas, home insurance — contents:
  1. Rates by insurer
  2. Rates by coverage level
  3. Rates by neighborhood
  4. Rates by deductible level
  5. Policy bundling discounts

 

Home insurance in Laredo by insurance company

What you pay for homeowners insurance in Laredo will depend on the insurance company you get your policy through. The most inexpensive home insurance in Laredo comes from Texas Farmers. Laredo's average annual homeowners premium is $2,106.

Have a look at the cheapest insurance companies in Laredo, Texas, to find the right home policy for you.

 
CHEAP HOME INSURERS IN LAREDO
CompanyAverage Annual Rate
Texas Farmers$170
United$955
ASI Lloyds$1,316
Safeco$1,594
USAA$2,175
 

 

Average homeowners insurance prices in Laredo by coverage level

The level of home coverage you select has an impact on your insurance rates. Homeowners in Laredo who carry $200K in dwelling coverage pay an average of $1,476 per year, while those with coverage up to $400K pay around $2,701 per year.

 
HOMEOWNERS INSURANCE RATES IN LAREDO — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$100K Dwelling$1,005
$200K Dwelling$1,476
$250K Dwelling$1,862
$400K Dwelling$2,701
 

 

Laredo home insurance prices by ZIP code

Not every area of Laredo 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 Laredo, take a look at the 78045 ZIP code. In the 78045 area, homeowners policies typically cost just $2,013 on average, which is a full $92 less than the Laredo average. The below table shows the best places to live in Laredo if you’re looking for affordable homeowners insurance.

 
AFFORDABLE AREAS FOR HOMEOWNERS INSURANCE IN LAREDO
ZIP CodeAverage Annual Home Insurance Rate
78045$2,013
78040$2,018
78041$2,024

Other areas of Laredo, it should be noted, face homeowners rates that are higher than the city average. Property 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 $2,908, 78049 comes in as the costliest ZIP code in Laredo for homeowners coverage.

 
EXPENSIVE AREAS FOR HOMEOWNERS INSURANCE IN LAREDO
ZIP CodeAverage Annual Home Insurance Rate
78049$2,908
78043$2,029
78046$2,026
 

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. El Paso
  6. Fort Worth
  7. Garland
  8. Houston
  9. Irving
  10. Lubbock
  11. Plano
  12. San Antonio

 

Home insurance deductibles in Laredo

One of the multiple decisions available when shopping for a homeowners policy is where to set your deductible. A deductible is the total dollar amount that the insured must contribute toward a covered loss. Where you choose to set your homeowners deductible is linked to how much you pay in insurance premiums.

When picking a deductible, bear in mind that the higher your deductible is, the lower your premiums will be. This means that those aiming for lower home insurance costs will want to think about getting a higher deductible. Remember that your deductible should only be as high as you can reasonably pay in the event of a covered loss.

Below you'll find some common deductibles offered on most home policies and average insurance costs.

 
HOMEOWNERS INSURANCE COSTS BY DEDUCTIBLE IN LAREDO
Deductible LevelAverage Annual Home Insurance Rate
$500$1,976
$1,000$1,862
$1,500$1,801
$2,000$1,679
$5,000$1,450
 

 

Looking for a money-saving tip for insurance in Laredo? Try bundling

You might want to consider bundling your auto and home insurance policies through the same company if saving money is one of your concerns. Bundling your homeowners and auto insurance is one way to save substantially on your monthly car insurance premiums. Bundling policies in Laredo could, in fact, lead to average annual savings of 7%.

 
CHEAPEST CAR INSURANCE RATES WITH A POLICY BUNDLE IN LAREDO
CompanyAvg. Annual Auto Insurance Rate (With Bundle)
State Farm$1,171
USAA$1,308
Allstate$1,989
Progressive$2,068
GEICO$2,663
 

Bundling your homeowners and auto policies can be a great way to save some money on insurance.

 

Compare homeowners insurance rates today.

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Ava Lynch LinkedIn

Based in Austin, TX, Ava has been in the insurance industry as a licensed agent for 4-plus years. Ava is currently one of The Zebra’s resident property insurance experts and has been featured in publications such as US News Report, GasBuddy, and Yahoo! Finance.