Home Insurance Quote In Texas
Home Insurance Quote In Texas: cheapest homeowners insurance in Texas
The average cost of home insurance in Texas is $3,875 per year, or about $323 per month, according to a NerdWallet rate analysis. Texas is the second most expensive state for homeowners insurance in the U.S., trailing only Oklahoma. In comparison, the national average rate is $1,820 per year. NerdWallet analyzed rates from insurers across the state to find the best home insurance in Texas. Note: Some insurance companies included in this article may have made changes in their underwriting practices and no longer issue new policies in your state. It is of the utmost importance for Texans to protect their homes by purchasing the appropriate insurance coverage. Understanding the intricacies of home insurance quotes in Texas is crucial for ensuring your property is adequately safeguarded against unforeseen events. In this article, we explore everything you need to know about obtaining a home insurance quote in Texas, including factors influencing pricing, coverage options, and tips for securing the best deal.
The best homeowners insurance in Texas: cheapest homeowners insurance in Texas
If you’re looking to buy homeowners insurance from a well-rated brand, consider one of these insurers, all of which have a NerdWallet star rating of 4.5 or higher.
|
Company |
NerdWallet star rating |
Average annual rate |
|
$2,250 |
||
|
$4,565 |
||
|
$3,125 |
||
|
$4,685 |
||
|
USAA* |
$2,700 |
The average cost of homeowners insurance in Texas by city
How much you pay for home insurance depends on where in the state you live. For example, the average cost of homeowners insurance in Houston is $4,595 per year, while homeowners in Dallas pay $4,255 per year, on average. Meanwhile, home insurance is much cheaper in El Paso at just $2,250 per year, on average.
|
City |
Average annual rate |
Average monthly rate |
|
Amarillo |
$4,935 |
$411 |
|
Arlington |
$4,525 |
$377 |
|
Austin |
$2,580 |
$215 |
|
Brownsville |
$3,045 |
$254 |
|
Conroe |
$3,795 |
$316 |
|
Corpus Christi |
$4,260 |
$355 |
|
Cypress |
$4,400 |
$367 |
|
Dallas |
$4,255 |
$355 |
|
El Paso |
$2,250 |
$188 |
|
Fort Worth |
$4,535 |
$378 |
|
Frisco |
$4,220 |
$352 |
|
Garland |
$4,295 |
$358 |
|
Grand Prairie |
$4,675 |
$390 |
|
Houston |
$4,595 |
$383 |
|
Irving |
$4,595 |
$383 |
|
Katy |
$4,635 |
$386 |
|
Laredo |
$2,905 |
$242 |
|
Lubbock |
$4,395 |
$366 |
|
McKinney |
$4,060 |
$338 |
|
Mission |
$3,720 |
$310 |
|
Plano |
$4,010 |
$334 |
|
Richmond |
$5,175 |
$431 |
|
Round Rock |
$2,520 |
$210 |
|
San Antonio |
$2,900 |
$242 |
|
Spring |
$4,060 |
$338 |
Texas Department of Insurance
Do you have a complaint about your insurer or a question about your policy? Turn to the Texas Department of Insurance, which oversees the state’s insurance industry. You can call the department at 800-252-3439. Your insurance company is required to give you a copy of the TDI’s Consumer Bill of Rights when it issues you a homeowners policy. Among other things, this document explains how the claims process works and under which circumstances an insurer can cancel your policy.
Advice on How to Reduce Your Home Insurance Premiums in Texas:
While home insurance is essential, there are several strategies Texans can use to lower their insurance costs:
- Bundle Policies:
Many insurance companies offer discounts for bundling multiple policies, such as home and auto insurance. Consolidating your insurance needs with one provider can result in significant savings.
- Improve Home Security:
Installing security systems, smoke detectors, and other safety features can reduce the risk of damage or theft, potentially lowering insurance premiums.
- Maintain a Good Credit Score:
Improving your credit score can lead to lower insurance premiums. Pay bills on time, reduce debt, and monitor your credit report regularly.
- Review and Update Annually:
Review your home insurance policy annually to ensure it still meets your needs and provides adequate coverage. Update your policy as necessary based on changes to your home or circumstances.
The process of obtaining a quote for home insurance in the state of Texas does not have to be intimidating. By understanding the factors influencing insurance costs, comparing quotes from multiple providers, and implementing strategies to lower premiums, Texans can secure the right coverage for their homes at a price that fits their budget. Protecting your home and belongings with comprehensive insurance coverage offers peace of mind, knowing that you’re prepared for whatever the future may bring.