Plano, TX Homeowners Insurance

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How to find affordable homeowners insurance in Plano


Home insurance should be a critical consideration for every homeowner. 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 substantial cost of replacing a home, having a home insurance policy is a solid 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 likewindstorms, hail, fire, or even theft , home insurance rates may be higher to account for the extra risk. Find out more about the specifics of home insurance coverage.

If you want to find cheap home insurance in Plano, start with shopping around and comparing what different companies offer. Have a look at the summary below comparing average homeowners insurance premiums in Plano to begin your homeowners insurance search with as much info as you can. 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 insurer
  2. Rates by coverage level
  3. Rates by ZIP
  4. Rates by deductible amount
  5. Policy bundling discounts

Homeowners insurance in Plano by insurance company

Homeowners insurance rates in Plano vary from one insurance company to another. The most affordable home insurance in Plano is Texas Farmers offering average annual rates at just $302 per year. This is considerably cheaper than the city’s average homeowners premium of $3,217.

Start your search for a home insurance policy by reviewing the cheapest companies in Plano, Texas, listed below.


AFFORDABLE HOMEOWNERS 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 home insurance costs in Plano by coverage limit

Your chosen amount of homeowners coverage impacts 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
$100,000 Dwelling$1,509
$200,000 Dwelling$2,352
$250,000 Dwelling$2,816
$400,000 Dwelling$4,121

Plano homeowners insurance prices by ZIP code

Not every area of Plano has equal home insurance premiums. 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 Plano, look no further than 75025. In the 75025 area, homeowners policies typically cost just $3,164 per year — a full $53 less than the Plano average. If you’re looking for the areas with the least costly homeowners insurance rates in Plano, have a look at the table below.


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 proximity to emergency services could lead insurance companies to see certain neighborhoods as higher risk, 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

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. Laredo
  11. Lubbock
  12. San Antonio

Homeowners insurance deductibles in Plano

Among the plethora of options homeowners face when buying homeowners insurance is how high to set the deductible. A deductible is how much your insurance requires you to pay out of pocket toward a claim. The deductible that you decide on can change how much you pay in insurance premiums.

When deciding on a deductible, remember that the higher your deductible is, the lower your premiums will be. Therefore, consider a higher deductible if you aim to pay lower rates. It's worth mentioning that your deductible should only be as high as you can reasonably pay if you actually suffer a loss.

Take a look at the normal deductibles offered by insurers and an estimate of what you can expect your rates to be.


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

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

To save a little money, you might consider bundling your homeowners and auto insurance policies through the same company. Bundling homeowners and auto insurance can save you a substantial sum each month on your auto insurance bill. By bundling your policies, Plano homeowners could see annual savings of 7% on average.


CHEAPEST AUTO INSURANCE PREMIUMS 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

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


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 contributed to numerous publications focused on the nuances of insurance, including Automoblog, USInsuranceAgents.com, and BestCompany.com.