Best Texas Homeowners Insurance Agents & Brokers (2024)
Comprehensive Texas Homeowners Insurance: Safeguard your home and belongings with tailored coverage options designed to meet your specific needs. Whether you own a house, condominium, or rental property, it's essential to protect your investment and personal belongings from potential risks.Texas Homeowners Insurance offers a range of insurance solutions tailored to the unique requirements of Texas homeowners.
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Tracey L. Wells
Licensed Insurance Agent & Agency Owner
Tracey L. Wells is a licensed insurance agent and Farmers insurance agency owner with 23 years of experience. He is proud to be a local Farmers agent serving Grayson, Georgia and surrounding areas. With experience as both an underwriter and agent, he provides his customers with insight that others agents may not have. His agency offers all lines of insurance including home, life, auto, RV, busi...
Licensed Insurance Agent & Agency Owner
UPDATED: Sep 13, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Sep 13, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
Welcome to our definitive guide on Texas Homeowners Insurance. A comprehensive resource tailored specifically for Texas residents. Safeguarding your cherished home and prized possessions with the right insurance coverage. We delve into key topics such as coverage options, policy considerations, and tips for selecting the best insurance provider in the Lone Star State.
- Texas is one of the most expensive states for homeowners insurance, with rates averaging $211 per month
- Farmers and Texas Farm Bureau offer the most affordable home insurance rates
- To get lower Texas homeowners insurance rates, increase your deductible and bundle your policy with auto insurance
Read more: Texas Farm Bureau Car Insurance Discounts
To secure your home’s future, enter your ZIP code below to compare rates from the best insurance providers in Texas and find the policy that offers the perfect blend of protection and affordability. Take control of your home’s security today and gain peace of mind knowing you’ve made the right choice.
How much is Texas homeowners insurance?
The value of your home will have the most significant impact on your Texas homeowners insurance rates. You need to carry enough coverage to protect your home and the valuables you own inside, and higher coverage limits come with higher rates.
The average cost of a home in Texas is between $300,000 and $350,000. Therefore, you will want enough home insurance coverage to protect the value of your home and personal belongings.
BQ: The average annual cost of homeowners insurance in Texas is $2,537 per year, or around $211 per month, for a $300,000 policy.
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Why are homeowners insurance rates so high in Texas?
The state is prone to natural disasters. The most common causes of Texas claims are windstorms and tornadoes in the center of the state, while those living on the coast are at an increased risk for hurricanes and storm surges.
Flooding is also a very common peril throughout Texas, and a standard policy does not cover flood damage. Buying additional flood insurance endorsements can raise your home insurance rates, especially if you live in a high-risk area.
You’re also less likely to get a policy with a standard home insurance company if you live in a high-risk area. For example, most insurance companies are not financially equipped to take on the risk of homes located on the Gulf coast. So if you live on the coast, you may have to shop for high-risk home insurance with higher rates.
Which company offers the most affordable Texas homeowners insurance?
Farmers and Texas Farm Bureau, a local company, offer the most affordable home insurance rates in Texas. However, you may find better rates and customer service with a different insurer.
We gathered information on the top five homeowners insurance companies in Texas to help you better decide which offers the best coverage for your needs:
TX Home Insurance Company Average Annual Home Insurance Rates A.M. Best Rating J.D. Power Rating
Allstate $2,232 A+ 829
Amica $2,643 A+ 854
Farmers $1,443 A- 813
Texas Farm Bureau $1,661 A N/A
USAA $2,169 A++ N/A
The A.M. Best ratings reflect each company’s ability to pay out on claims, while J.D. Power ranks each company based on customer service, product quality, and pricing on a scale of zero to 1,000.
Despite its low rates, Farmers has the lowest financial and customer service score of the top five. While an “A-” from A.M. Best is still a strong financial backing, the low customer satisfaction score might encourage you to compare quotes elsewhere before you buy.
Texas Farm Bureau has a strong “A” rating from A.M. Best. However, it isn’t ranked by J.D. Power because it is a smaller, local company. Fortunately, small insurers have a reputation for higher customer service reviews and cheap rates.
Ultimately, finding the best Texas homeowners insurance company will come down to price, customer service, and personal preference. The remaining companies in the top five charge nearly double the rates but have much higher customer satisfaction.
We recommend comparing property insurance quotes from these companies to at least three other local Texas insurers to guarantee that you get the most out of your home insurance policy.
Which company offers the best discounts on Texas homeowners insurance?
The most common home insurance discounts you can ask for are bundling policies and installing home security equipment. For example, the best companies will offer you up to 30% off for bundling home insurance with your car policy.
Therefore, you can reduce your expensive home insurance rates by asking your company for discounts on your policy. In addition, other insurers will offer discounts to loyalty members or new home buyers.
Take a look at the table below to see which discounts are offered by top five home insurance companies in Texas. The discount amount is listed if it’s known.
TX Home Insurance Company New Home Discount Bundling Discount Loyalty Discount Home Security Discount
Allstate Varies 25% 10% Varies
Amica Varies 30% None Varies
Farmers Varies Varies up to 15% Varies
Texas Farm Bureau Varies Varies Varies Varies
USAA None 10% 10% 15%
Amica is the only company that doesn’t offer a loyalty discount, and USAA doesn’t offer a new home discount, but both provide other hefty discount programs. So, you could earn lower rates with these more expensive companies depending on the discount amount you qualify for.
What is the most common homeowners insurance policy in Texas?
Home insurance coverage options in Texas are similar to those across the country, but most Texas homeowners choose an HOA, HOA+, or HO3 policy.
An HOA is a named perils policy that offers cash value for your dwelling, structures, and personal property for damages specifically listed in your policy. Named perils are often limited to fire and lightning, smoke damage, windstorms or hail, vehicle or aircraft damage, vandalism, theft, and civil unrest.
A HOA+ policy will expand upon the named perils in your HOA policy and include coverages for fallen objects (including trees), ice and snow, and water damage from burst pipes, steam, or freezing.
HO3 policies are more expensive because they provide coverage on an open perils basis. Open perils mean your homeowners insurance will cover any damage unless it is excluded from your policy. The most common home insurance exclusions are flood and earthquake damage.
Texas homeowners also have the option of buying a HOB policy. This unique Texas policy is similar to the national standard HO3 but provides additional water damage coverages Texans need.
What does a home insurance policy cover in Texas?
A standard Texas home insurance policy will cover:
- Dwelling and other structures. This includes your home, any additions you may have installed, and other artificial constructions on the property that aren’t attached to your house.
- Personal property. Your standard policy will protect your personal property and belongings up to a certain amount.
- Liability. Your policy covers medical costs for guests who are injured on your property.
- Loss of use. Your policy will cover accommodation costs when you are forced out of your home for repairs after filing a claim.
While homeowners insurance isn’t required in Texas, it’s in your best interest to buy a policy to protect your property and personal belongings.
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Texas Homeowners Insurance: What You Need to Know
Despite having some of the most expensive home insurance rates in the country, you can still find affordable Texas homeowners insurance when comparing policy discounts online.
Farmers and Texas Farmers Bureau offer the cheapest home insurance in Texas. However, you might find lower rates with Allstate or Amica by qualifying for home insurance discounts. Amica and Allstate also have higher customer service ratings than Farmers, which may be important to you if you have a history of filing claims.
The type of policy you choose will also impact how much Texas homeowners insurance costs. While the most popular type of home insurance policy in Texas is HOA, your protection is limited to the specific damages listed on your policy. Therefore, you may want to buy an HO3 or HOB open peril policy for more coverage.
Your Texas homeowners insurance rates will increase if you choose an open vs. named perils policy, so comparison shop online with at least three different companies to find the most affordable home insurance coverage.
If you have specific questions about Texas insurance laws, contact the Texas Department of Insurance toll-free at (800) 252-3439 or by mail at P.O. Box 149104, Austin, Texas, 78714.
Frequently Asked Questions
How much is Texas homeowners insurance?
The average annual cost of homeowners insurance in Texas is $2,537 per year, or around $211 per month, for a $300,000 policy.
Why are homeowners insurance rates so high in Texas?
Texas is prone to natural disasters, such as windstorms, tornadoes, hurricanes, storm surges, and flooding, which are not covered by standard policies. Additionally, homes located in high-risk areas may have higher rates.
Which company offers the most affordable Texas homeowners insurance?
Farmers and Texas Farm Bureau offer the most affordable home insurance rates in Texas, but you may find better rates and customer service with a different insurer.
Which company offers the best discounts on Texas homeowners insurance?
The best companies offer discounts for bundling policies, installing home security equipment, being a loyalty member, or a new home buyer. Amica and USAA are more expensive but provide other hefty discount programs.
What is the most common homeowners insurance policy in Texas?
Most Texas homeowners choose an HOA, HOA+, or HO3 policy. An HOA is a named perils policy that offers cash value for your dwelling, structures, and personal property for damages specifically listed in your policy.
What does a home insurance policy cover in Texas?
A standard Texas home insurance policy covers the structure of your home, personal property, liability, additional living expenses, and medical payments to others.
Compare The Best Insurance Quotes In The Country
Compare quotes from the top insurance companies and save!
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Tracey L. Wells
Licensed Insurance Agent & Agency Owner
Tracey L. Wells is a licensed insurance agent and Farmers insurance agency owner with 23 years of experience. He is proud to be a local Farmers agent serving Grayson, Georgia and surrounding areas. With experience as both an underwriter and agent, he provides his customers with insight that others agents may not have. His agency offers all lines of insurance including home, life, auto, RV, busi...
Licensed Insurance Agent & Agency Owner
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.