Find the Best Homeowners Insurance Rates & Companies in Texas
Homeowners insurance costs in Texas are among the highest in the nation. Texas home insurance rates average $1,893 annually, ranking the state 3rd highest overall for home insurance prices. Compared to the current national average of $1,211 per year, Texas residents are paying quite a bit more for their home coverage.
The current average home value in Texas is $315,451. With homes being such an expensive initial investment, it's important to protect yours with the coverage it deserves. A home insurance policy can mean the difference between keeping and losing your home after a major disaster like a storm.
Fortunately, an independent insurance agent in Texas can help you get set up with the right kind of home insurance for you. Up first, though, here's a closer examination of home insurance requirements and more in Texas.
Best Homeowners Insurance Companies in Texas
There's no need to waste any time browsing for home insurance from subpar carriers. To find the best home insurance right away, check out only the best home insurance companies in Texas. For starters, here is just a handful of our top picks.
- Stillwater: Founded in 2000, Stillwater offers many different home insurance coverages along with other personal and business products. The carrier has excellent ratings from both AM Best and the Better Business Bureau (BBB) and offers 24/7 claims reporting.
- Progressive: Founded in 1937, Progressive also sells home insurance and many other products. The carrier has an excellent rating from AM Best and offers 24/7/365 customer service, along with many discount options.
- Acuity: Founded in 1925, Acuity sells home insurance and tons of other personal and business coverages. The insurance company has an "A+" or "superior" rating from AM Best and offers 24/7 claims reporting.
- Nationwide: Founded in 1926, Nationwide sells home insurance products and many other personal and business coverages. The carrier offers highly customizable policies and has an "A+" rating from AM Best.
A Texas independent insurance agent can help you get equipped with the right kind of homeowners insurance for your needs.
What Can Homeowners Insurance in Texas Cover?
A few of Texas's most common natural disasters are wildfires, floods, hurricanes, and severe storms. Having a home insurance policy can help you get reimbursement after one of these natural disasters damages your home. Without coverage, you could end up having to pay out of pocket to repair or rebuild your home after a wildfire or severe storm hits the town.
Wildfires, Hurricanes, and Severe Storms
Having home insurance is very useful to get reimbursement after property damage due to one of these common disasters in Texas. Home insurance can provide reimbursement for the cost of property repairs or rebuilding after a wildfire, or after damage caused by lightning strikes or wind. However, home insurance can't reimburse for damage caused by natural flooding sources, such as heavy rainfall from hurricanes and other severe storms.
Flood Damage in Texas
You'll need a flood insurance policy to get reimbursed for natural flood damage or destruction to your home. Having flood insurance can help you pay for rebuilding or repairs to your home and personal property after natural flood incidents like heavy rainfall or melted snow and ice. Talk with your local Texas independent insurance agent about adding flood insurance to further protect your property.
Basic coverage provided by Texas home insurance includes:
- Personal liability: If you get sued by a neighbor or another third party for claims of personal property damage or bodily injury, this coverage can reimburse you for the legal expenses.
- Personal property: If your personal belongings, like clothing, etc., get stolen, damaged, or destroyed by a covered peril, this coverage can pay to replace it or repair it.
- Loss of use: If your home gets destroyed or badly damaged by a covered disaster and you have to temporarily stay at a hotel or experience other extra expenses, this coverage can reimburse you for those costs.
- Dwelling: If your home's dwelling or structure gets vandalized, damaged, or destroyed by a covered disaster, this coverage can help reimburse you for the repairs or rebuilding.
A Texas independent insurance agent can help you find a home insurance policy that works best for you and your family.
What Won't Homeowners Insurance in Texas Cover?
As far as natural disasters go, Texas home insurance won't cover natural flooding or earthquakes. However, there are also many other incidents that are excluded by home insurance in Texas. Just a few of these common exclusions are:
- Business-related losses (without an endorsement)
- Damage to personal vehicles stored at the home
- Pest and insect infestation or damage
- Failure of the homeowner to maintain the property
- Intentional or malicious acts against others
- Sewer breaks and backups
Flood damage in Texas
Though flooding can be caused by storms with heavy rainfall, it can also come from sewer breaks and backups. So, it's important to understand that home insurance in Texas doesn't cover sewer backups or breaks unless you add a special endorsement to your policy. Ask your independent insurance agent about a sewer backup endorsement to better protect your home against unwanted flood damage of any kind.
Average Cost of Homeowners Insurance in Texas
Texas ranks Number 3 in the nation for the highest home insurance rates. Residents in Texas pay about $1,893 annually for home insurance, which is quite a bit higher than the US average of $1,211 per year. Rates in Texas may be higher due to higher property values, the state's risk of severe weather, and other factors. A local independent insurance agent can help you find affordable coverage near you, plus score you any applicable discounts.
Average Texas Home Insurance Costs by City
Your home insurance policy's rates are also impacted by your specific city. Things like local property values and crime rates, and the town's risk of storm damage, all impact home insurance prices. For residents in the Texas city of Plano, home insurance rates are the highest, at an average of $3,304 annually. However, Texas residents in the city of El Paso pay just $1,345, on average, for home insurance per year, which is the lowest in the state.
How does your city measure up to the national average?
National average burglary rate 3.76 per 1,000 people
National average home value $269,000
National average home insurance cost $1,428 year
| City | Avg. home value | Burglaries / 1,000 homes | Annual insurance cost |
| Amarillo | $131,400 | 7.59 | $1,428 |
| Arlington | $167,800 | 4.53 | $1,840 |
| Austin | $332,700 | 4.67 | $3,117 |
| Corpus Christi | $141,300 | 6.53 | $1,996 |
| Dallas | $190,600 | 6.65 | $2,233 |
| El Paso | $127,700 | 1.61 | $1,345 |
| Fort Worth | $169,400 | 5.04 | $2,051 |
| Garland | $161,700 | 4.65 | $1,952 |
| Grand Prairie | $164,000 | 2.52 | $1,826 |
| Houston | $173,600 | 6.96 | $2,355 |
| Irving | $187,700 | 2.92 | $2,110 |
| Laredo | $136,400 | 2.62 | $1,509 |
| Lubbock | $138,000 | 8.98 | $1,518 |
| Plano | $329,500 | 2.32 | $3,304 |
| San Antonio | $148,200 | 5.92 | $1,901 |
Commonly Asked Questions about Homeowners Insurance in Texas
Average rates of home insurance in Texas are about $1,893 per year, or $157.75 per month. Texas overall has the 3rd highest home insurance rates in the country.
What your home insurance covers in Texas depends on the specific coverages you select to go into your policy. Standard home insurance policies in Texas at least provide coverage for your home's structure and your personal belongings, as well as liability and additional living expenses.
Home insurance is not mandatory by state law in Texas. However, most mortgage lenders require residents to provide proof of insurance before they can obtain a loan for a home.
Home insurance rates in Texas are calculated using a number of factors, including property values, your personal claims history, the coverages and limits you select, local crime rates, and more.
Yes, there are plenty of independent insurance agents across the state of Texas. These agents can help you get set up with all the homeowners insurance and other coverages you need.
Our research found that the best home insurance companies in Texas are Stillwater, Progressive, Acuity, and Nationwide. We selected our winners based on their coverage options, rates, discounts, customer service ratings, and more.
There are many ways you can save money on home insurance and lower your coverage rates in Texas. The best way to do this is by working together with a Texas independent insurance agent. They can compare policy options and rates and find you the most affordable coverage around. They can also help find you any discounts you qualify for on your coverage.
Home insurance in Austin, Texas costs an average of $3,117 per year, or about $260 per month.
Home insurance in Dallas, Texas costs about $2,233 per year, or about $186 per month.
The best home insurance rates in Texas are provided by Stillwater, Progressive, Acuity, and Nationwide. A Texas independent insurance agent can help you find a home insurance policy at the best available rate.
There's no such thing as a one-size-fits-all insurance policy. With a wide variety of products and options at your disposal, you might need help from a professional to choose what you really need.
Texas independent insurance agents can help you choose the right policies and options to meet your specific coverage needs. Because they're independent, these agents can work with several of the best home insurance companies in Texas to find you the right coverage at a great price.
Do You Know What Your Texas Home Insurance Covers?
Average Cost of Home Insurance Near You
The average monthly cost of home insurance in Austin, TX is $260. However, your home insurance rates will vary depending on several factors, including your personal claims history, your home's value, the coverages you select, and more.
Home insurance policies in Austin, TX can protect homeowners against huge financial losses from various disasters, including fires, storms, vandalism, and more. With the help of a Texas independent insurance agent, you can find the home insurance policy that best meets your needs.
The average monthly cost of home insurance in Dallas, TX is $186. However, your home insurance rates will vary depending on several factors, including your personal claims history, your home's value, the coverages you select, and more.
Home insurance policies in Dallas, TX can protect homeowners against huge financial losses from various disasters, including fires, storms, vandalism, and more. With the help of a Texas independent insurance agent, you can find the home insurance policy that best meets your needs.
Fort Worth, TX The average monthly cost of home insurance in Fort Worth, TX is $171. Your home insurance rates will vary depending on several factors, including your personal claims history, your home's value, the coverages you select, and more.
Home insurance policies in Fort Worth, TX can protect homeowners against huge financial losses from various disasters, including fires, storms, vandalism, and more. With the help of a Texas independent insurance agent, you can find the home insurance policy that best meets your needs.
The average monthly cost of home insurance in Houston, TX is $196. However, your home insurance rates will vary depending on several factors, including your personal claims history, your home's value, the coverages you select, and more.
Home insurance policies in Houston, TX can protect homeowners against huge financial losses from various disasters, including fires, storms, vandalism, and more. With the help of a Texas independent insurance agent, you can find the home insurance policy that best meets your needs.
San Antonio, TX The average monthly cost of home insurance in San Antonio, TX is $158. Your home insurance rates will vary depending on several factors, including your personal claims history, your home's value, the coverages you select, and more.
Home insurance policies in San Antonio, TX can protect homeowners against huge financial losses from various disasters, including fires, storms, vandalism, and more. With the help of a Texas independent insurance agent, you can find the home insurance policy that best meets your needs.
https://www.noradarealestate.com/blog/texas-housing-market/
https://crisisequipped.com/what-natural-disasters-occur-in-texas/