Lubbock Homeowners Insurance

How to find cheap homeowners insurance in Lubbock


A critical consideration for every homeowner should be home insurance. Along with your home furnishings and other belongings, homeowners insurance covers your dwelling against many different perils, including fire, wind damage, vandalism, and theft. Given the relatively frequent occurrence of these incidents and the significant cost of replacing a home, homeowners coverage is a solid investment.

The cost of homeowners insurance coverage 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. Learn more info about the specifics of home insurance coverage.

If you want to find cheap home insurance coverage in Lubbock, start with shopping around and comparing what different companies offer. Take a look at the summary below showing average home insurance rates in Lubbock to help you get as much information as possible when you start your search for homeowners insurance. Remember: your homeowners insurance costs may vary based on your coverage limits and other factors.


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

Home insurance in Lubbock by insurance company

Homeowners insurance rates in Lubbock vary from one insurance company to another. The most inexpensive home insurance in Lubbock comes from Texas Farmers, which offers average annual rates of just $253 per year. This is more favorable than the city’s average home insurance premium of $3,386.

Have a look at the cheapest insurance companies in Lubbock, Texas to find the best homeowners policy for you.


AFFORDABLE HOME 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 $4,201 per year.


HOMEOWNERS INSURANCE RATES IN LUBBOCK — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$100K Dwelling$1,527
$200K Dwelling$2,434
$250K Dwelling$2,889
$400K Dwelling$4,201

Compare Homeowners Insurance Rates

Lubbock home insurance prices by ZIP code

Depending on which part of Lubbock you live in, you may see vastly different 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 insurance premiums in Lubbock, take at look at the 79409 ZIP code. In the 79409 area, homeowners policies typically cost just $3,301 a year, which isa full $84 less than the Lubbock average. If you’re looking for the areas with the most affordable homeowners insurance in Lubbock, have a look 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

On the other hand, some areas of Lubbock face higher homeowners insurance costs, on average. Fire risks, crime rates, 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 could drive up area rates. The most expensive ZIP code for homeowners insurance in Lubbock is 79430, where the average annual rate is $4,148.


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

Homeowners insurance deductibles in Lubbock

Among the many choices homeowners face when purchasing an insurance policy is where to set the deductible. A homeowners deductible is how much your insurance requires you to pay out of pocket toward a claim. Choosing where to set your deductible plays a significant role in how much you pay for insurance.

In short, a higher deductible translates to cheaper insurance costs. As such, if you want your insurance rates to remain low, aim for a higher deductible. Bear in mind that your deductible should not be so high that you would struggle to pay it in the event of a loss.

Have a look at the typical deductibles offered by insurers and an estimate of what you can expect your premiums to be.


HOME INSURANCE PREMIUMS BY DEDUCTIBLE LEVEL IN LUBBOCK
Deductible LevelAverage Annual Homeowners Insurance Rate
$500$3,073
$1,000$2,889
$1,500$2,797
$2,000$2,587
$5,000$2,264

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

If you’re searching for savings on your overall insurance costs, consider purchasing your home and auto policies from the same insurance company. Bundling home and auto insurance is one way to save substantially on your monthly car insurance premiums. Bundling policies in Lubbock could, in fact, lead to average annual savings of 7%.


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

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


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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.