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How to find affordable homeowners insurance in Lubbock

Among the most important aspects of owning a home is homeowners insurance. Along with personal property, homeowners insurance covers your dwelling against many perils, including wind damage, fire, and vandalism. Given the relatively frequent occurrence of these incidents and the substantial cost of replacing a home, a homeowners insurance policy is a solid investment. The average homeowners policy costs $282 per month in Lubbock, Texas. This is more than double than the national average.

The price of a homeowners insurance policy 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. Discover more info about what a home insurance policy covers.

If you want to find cheap home insurance coverage in Lubbock, start with shopping around and comparing different policies. Have a look at the summary below comparing average home insurance rates 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.

 
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
 

Lubbock home insurance by company

Lubbock homeowners insurance rates will vary depending on which insurance company you choose. Texas Farmers offers the most affordable home insurance in Lubbock, at just $253 per year. This compares favorably to the city’s average homeowners premium of $3,386.

Begin your search by reviewing the cheapest homeowners insurance companies in Lubbock, Texas, listed below. Then, see our guide listing the best home insurance companies based on customer satisfaction and other factors.

 
AFFORDABLE HOME INSURERS IN LUBBOCK
Company Average Annual Rate
Texas Farmers $253
ASI Lloyds $2,233
Safeco $2,357
United $3,212
Travelers $3,229
 

Lubbock homeowners insurance prices by coverage level

The level of home coverage you select has an impact on your insurance rates. Homeowners in Lubbock who carry $200K in dwelling coverage pay an average of $2,434 per year, while those with coverage up to $400K pay around $4,201 per year.

 
POPULAR COVERAGE LIMITS IN LUBBOCK
Coverage Level Average Annual Rate
$100K Dwelling $1,527
$200K Dwelling $2,434
$250K Dwelling $2,889
$400K Dwelling $4,201
 

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. 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.

To find the cheapest home insurance premiums in Lubbock, look no further than 79409. In the 79409 area, homeowners policies typically cost just $3,301 per year — a full $84 less than the Lubbock average. The below table shows the best places to live in Lubbock if you’re looking for affordable homeowners insurance.

 
AFFORDABLE HOME INSURANCE AREAS IN LUBBOCK
ZIP Code Average 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. Crime rates, fire risk, and even your how close you are to emergency services could lead insurance companies to see certain neighborhoods as higher risk, which could drive up area rates. One of the costliest ZIP codes for homeowners insurance in Lubbock is 79430, with an annual average rate of $4,148.

 
EXPENSIVE HOME INSURANCE AREAS IN LUBBOCK
ZIP Code Average Annual Home Insurance Rate
79430 $4,148
79406 $3,382
79403 $3,377
 

Lubbock homeowners insurance deductibles

Among the many choices homeowners face when purchasing homeowners insurance is where to set the deductible. A homeowners deductible is the dollar amount that the insured must contribute toward a covered loss. Where you choose to set your homeowners deductible is linked to the overall cost of your coverage.

On the whole, having a low deductible means that your insurance premiums will be higher. Therefore, if you need your home insurance rates to be lower, you’ll want to increase your deductible. Remember that your homeowners deductible should not be so high that you would struggle to pay it in the event of a loss.

Below are some standard deductibles offered by most home insurance companies as well as with corresponding average insurance costs.

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

Home and auto insurance bundling in Lubbock

You might want to consider bundling your auto and homeowners 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. In fact, bundling policies in Lubbock leads to average annual savings of 7%.

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

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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.