Plano Homeowners Insurance

How to find affordable home insurance in Plano


Home insurance is an important investment for any homeowner. It covers your dwelling — and the personal property within it — against a variety of perils, including fire, theft, vandalism, or wind damage. With the relative frequency of such events -- along with the high cost of rebuilding or repairing a home -- having a home insurance policy is a sound investment.

What you pay for homeowners insurance is dependent on a number of factors. These include your dwelling's value, the value of your personal belongings, and the cost of the materials used to build your home. The location of your home also contributes to the price of your homeowners insurance policy. In areas prone to perils like hail, frozen pipes, volcanoes, or fire, home insurance rates may be higher to account for the extra risk. Learn more about what a home insurance policy covers.

Finding cheap home insurance in Plano starts with shopping around and comparing policies. Have a look at the summary below comparing average home insurance rates in Plano 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.


Plano, Texas, homeowners insurance — table of contents:
  1. Rates by company
  2. Rates by coverage level
  3. Rates by ZIP code
  4. Rates by deductible amount
  5. Bundling discounts

Home insurance in Plano by insurance company

Homeowners insurance rates in Plano vary from one insurance company to another. The most inexpensive home insurance in Plano comes from Texas Farmers, which offers average annual rates of just $302 per year. This is more favorable than the city’s average homeowners premium of $3,217.

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


AFFORDABLE HOME INSURANCE COMPANIES IN PLANO
CompanyAverage Annual Rate
Texas Farmers$302
Safeco$2,683
Travelers$2,726
State Farm$3,037
ASI Lloyds$3,250

Average homeowners insurance costs in Plano by coverage limit

The amount of home coverage you select has an impact on the insurance premiums you pay. In Plano, carrying $200K dwelling coverage costs an average of $2,352, while carrying additional coverage up to $400K costs $4,121 per year.


HOMEOWNERS INSURANCE RATES IN PLANO — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$100K Dwelling$1,509
$200K Dwelling$2,352
$250K Dwelling$2,816
$400K Dwelling$4,121

Compare Homeowners Insurance Rates

Plano home insurance prices by ZIP code

Depending on the part of Plano you live in, you may see a dramatic 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.

The cheapest home insurance rates in Plano are available in 75025. In 75025, the typical home insurance policy costs $3,164 per year — $53 less than the citywide average in Plano. Find the best places to live in Plano for cheap home insurance by looking at the following table.


AFFORDABLE AREAS FOR HOMEOWNERS INSURANCE IN PLANO
ZIP CodeAverage Annual Home Insurance Rate
75025$3,164
75024$3,177
75074$3,218

Other areas of Plano, it should be noted, face homeowners rates that surpass the city average . Crime rates, fire risk, and even your how close you are 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. With an annual average premium of $3,268, 75075 comes in as the most expensive ZIP code in Plano for home insurance.


EXPENSIVE AREAS FOR HOMEOWNERS INSURANCE IN PLANO
ZIP CodeAverage Annual Home Insurance Rate
75075$3,268
75023$3,249
75093$3,238

Home insurance deductibles in Plano

Homeowners have numerous choices to make when buying a home insurance policy, including the amount of their deductible. A homeowners deductible is how much your insurance requires you to pay out of pocket toward a claim. The deductible chosen can impact how much you pay in insurance premiums.

When considering your homeowners deductible, a good rule of thumb is that the lower your deductible, the higher your premiums. This means that those aiming for lower insurance costs will want to think about getting a higher homeowners deductible. Be mindful of the fact that your deductible should only be as high as you can reasonably afford in the event of a covered loss.

Below are some standard deductible options offered on most home policies as well as with corresponding average insurance premiums.


HOME INSURANCE PREMIUMS BY DEDUCTIBLE IN PLANO
Deductible LevelAverage Annual Homeowners Insurance Rate
$500$3,005
$1,000$2,816
$1,500$2,728
$2,000$2,502
$5,000$2,185

Money-saving tip for home and auto insurance in Plano: bundling

One way to save on insurance costs is to think about bundling your homeowners and auto insurance policies through the same company. Bundling your homeowners and auto insurance is one way to save substantially on your monthly car insurance premiums. By bundling your policies, Plano homeowners could see annual savings of 7% on average.


CHEAPEST CAR INSURANCE WITH HOME BUNDLE IN PLANO
CompanyAvg. Annual Auto Insurance Rate (With Bundle)
State Farm$1,114
USAA$1,157
Progressive$1,588
Allstate$1,861
GEICO$2,319

A great way to save on insurance is to bundle your home and auto policies with the same insurance company.


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Kristine Lee LinkedIn

Kristine is a licensed insurance agent and one of The Zebra’s in-house content strategists. With a background in copywriting, she covers the ins and outs of the home and car insurance industries. She has been a contributor to numerous publications focused on the nuances of insurance, including BestCompany.com.