Lubbock Homeowners Insurance

The Zebra
Aug. 26, 2019

Find cheap homeowners insurance in Lubbock


Home insurance is a critical element of homeownership. Homeowners coverage protects you against fire, wind damage, and theft for your home and the contents inside it. Incidents like this occur frequently. When paired with the high cost of repairing or rebuilding a house, purchasing homeowners coverage can seem like a great 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 play a large role in home 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. Discover more info about what your homeowners insurance policy covers.

Finding the cheapest home insurance in Lubbock starts with shopping around and comparing policies. Have a look at the summary below comparing average home insurance premiums in Lubbock 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.


Lubbock, Texas, homeowners insurance:
  1. Rates by company
  2. Rates by coverage level
  3. Rates by ZIP code
  4. Insurance bundle discounts

Homeowners insurance in Lubbock by insurance company

What you pay for homeowners insurance in Lubbock will depend on the insurance company you get your policy through. The most affordable home insurance in Lubbock is Texas Farmers offering average annual rates at just $253 per year. This is considerably cheaper than the city’s average homeowners premium of $3,386.

Below you'll find a list of the cheapest homeowners insurance companies in Lubbock, Texas to help you begin your search.


AFFORDABLE HOMEOWNERS INSURANCE COMPANIES IN LUBBOCK
CompanyAverage Annual Rate
Texas Farmers$253
ASI Lloyds$2,233
Safeco$2,357
United$3,212
Travelers$3,229

Average homeowners insurance costs in Lubbock by coverage level

The amount of home coverage you select has an impact on your insurance premiums. In Lubbock, carrying $200K dwelling coverage costs an average of $2,434, while carrying additional coverage up to $400K costs $4,277 per year.


HOMEOWNERS INSURANCE RATES IN LUBBOCK — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$200K Dwelling$2,434
$400K Dwelling$4,277

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Lubbock home insurance rates by ZIP code

Depending on which part of Lubbock you live in, you may 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 home insurance.

The cheapest home insurance rates in Lubbock are available in 79409. In 79409, the typical home insurance policy costs $3,301 per year — $84 less than the citywide average in Lubbock. Find the best places to live in Lubbock for cheap home insurance by looking at the table below.


AFFORDABLE AREAS FOR HOMEOWNERS INSURANCE IN LUBBOCK
ZIP CodeAverage Annual Home Insurance Rate
79409$3,301
79402$3,302
79407$3,324

Other areas of Lubbock, however, face homeowners rates that surpass the city average . Such areas might face a higher danger of perils such as fires or severe weather events. Similarly, they may also have a higher amount of crimes such as burglary or vandalism. An average annual rate of $4,148 makes 79430 the most expensive ZIP code in Lubbock for home insurance.


EXPENSIVE AREAS FOR HOMEOWNERS INSURANCE IN LUBBOCK
ZIP CodeAverage Annual Home Insurance Rate
79430$4,148
79406$3,382
79403$3,377



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Money-saving tip: bundle home and auto insurance in Lubbock

If saving money is your primary concern, it might be worth insuring your home and auto through the same insurance company. Bundling your homeowners and auto insurance can save you a substantial sum each month on your auto insurance bill. In fact, bundling policies in Lubbock leads to average annual savings of 7%.


CHEAPEST AUTO INSURANCE RATES WITH HOME BUNDLE IN LUBBOCK
CompanyAvg. Annual Auto Insurance Rate (Bundle)
State Farm$1,047
USAA$1,336
Progressive$1,807
Allstate$1,895
GEICO$2,322

It's definitely worth considering bundling both your auto and home policies as a potential way of saving money. To speak with an insurance professional, give us a call at 855-493-9728 today.


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