Best Home Insurance in Texas 2024 | LendingTree (2024)

How to Compare Home Insurance Quotes

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Updated on:

January 25th, 2024

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Texas Farm Bureau, Chubb and USAA are some of the best home insurance companies in Texas.

Find the Cheapest Home Insurance Quotes in Your Area

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Our analysis of the home insurance market in Texas shows that Texas Farm Bureau is the state’s cheapest company, with an average rate of $3,474 a year. Chubb has the second-cheapest average rate in our study at $3,495 a year.

CompanyAverage annual premium
Texas Farm Bureau$3,474
Chubb$3,495
USAA$3,850
Farmers Insurance$4,856
State Farm$5,674
Allstate$5,858
Nationwide$6,800
Travelers$7,432

Note: Average rates are based on non-binding estimates by Quadrant Information Services. Your rates may vary.

Best home insurance companies in Texas

The best insurance companies offer more than cheap rates. We reviewed Texas home insurance companies based on their coverage options, customer satisfaction scores and more.

Best overall home insurance company in Texas: Chubb

Chubb offers premium coverage with its Masterpiece policy and affordable rates for its standard policies, at an average rate of $3,495 a year.

Chubb’s Masterpiece policy provides extended replacement cost coverage after a covered loss, which pays to repair or rebuild your home to its original condition. It also provides replacement cost coverage for your belongings and will replace appliances based on the same or newest model available. Replacement cost policies reimburse you based on the cost to replace an item if it’s damaged from a covered loss.

Chubb also earned an A++ rating from A.M. Best, which is the highest rating a company can receive. A.M. Best ratings can tell you the financial stability of an insurance company, which is important when they have to pay out claims.

Best Texas-based home insurance: Texas Farm Bureau

Texas Farm Bureau is the cheapest home insurance company in our study, charging an average rate of $3,474 a year. Texas Farm Bureau also is a great choice if you’re looking for a local insurer.

The company’s Texas AgAdvantage policy offers unique coverages, especially for farmers and ranchers. It offers combined coverage so that your house, barn and farm machinery are protected under one policy. New farm equipment and new structures are covered for up to 30 days, too. It also provides liability coverage for up to two employees if they are injured while working on your farm or ranch.

Best for customer service in Texas: USAA and State Farm

USAA and State Farm have some of the best customer satisfaction scores according to J.D. Power. J.D. Power uses responses from over 11,000 homeowners to rate insurance providers. Great customer satisfaction can be valuable when you need to file a claim.

USAA earned the best overall customer satisfaction score in J.D. Power’s 2023 Home Insurance Study. It received a score of 881 out of 1,000 points. However, USAA only sells home insurance to military personnel and veterans along with their families. State Farm also received an above-average score of 829 out of 1,000 points.

The average cost of home insurance in Texas is $5,180 a year for a home with a dwelling coverage of $400,000. Dwelling coverage is the cost to rebuild the structure of your home. Your home insurance rates will vary greatly based on how much dwelling coverage you need.

Dwelling coverage amountAverage annual premium
$350,000$4,647
$400,000$5,180
$450,000$5,690

Note: Average rates are based on non-binding estimates by Quadrant Information Services. Your rates may vary.

Texas homeowners insurance rates by city

Among the most populated cities in Texas, average home insurance premiums range from $3,422 a year in San Antonio to $6,997 in Corpus Christi.

CityAverage annual premium
Houston$5,624
San Antonio$3,422
Dallas$5,729
Austin$3,444
Fort Worth$6,084
El Paso$2,600
Arlington$6,134
Corpus Christi$6,997
Plano$5,743
Lubbock$5,679
Laredo$3,650
Irving$5,851
Garland$5,812
Frisco$5,495
Amarillo$6,652

Note: Average rates are based on non-binding estimates by Quadrant Information Services. Your rates may vary.

Among the most populated counties in Texas, average home insurance premiums range from $2,599 a year in El Paso County to $6,977 in Fort Bend County.

CountyAverage annual premium
Harris$5,738
Dallas$5,771
Tarrant$6,048
Bexar$3,451
Travis$3,482
Collin$5,684
Denton$6,029
Hidalgo$4,792
El Paso$2,599
Fort Bend$6,977
Montgomery$4,698
Williamson$3,703
Cameron$5,146
Brazoria$6,757
Bell$4,000

Note: Average rates are based on non-binding estimates by Quadrant Information Services. Your rates may vary.

Additional home insurance coverages needed in Texas

Texas is prone to many natural disasters, including floods, hurricanes and tornadoes. You may need more coverage if you live in an area where these disasters are common.

Flood insurance in Texas

Standard home insurance policies don’t cover floods, but you can buy flood insurance through insurance companies that participate in the National Flood Insurance Program (NFIP). You can also buy flood insurance through some private companies.

Hurricane coverage in Texas

Both home insurance and flood insurance can protect your home against hurricane damage. A standard home insurance policy covers wind damage from hurricanes, while flood insurance will cover water damage from hurricanes.

If you live along the coast in Texas, your home insurance policy may exclude wind damage. In this case, you need to buy a separate windstorm insurance policy. You can get this coverage through the Texas Windstorm Insurance Association (TWIA).

Tornado coverage in Texas

Tornadoes regularly hit Texas thanks to its location in Tornado Alley. Thankfully, standard home insurance policies usually cover wind damage. If your home insurance policy excludes wind damage, you can buy a separate windstorm insurance policy.

Methodology

The rates shown in this article are based on non-binding quotes collected from Quadrant Information Services. Average rates were compiled from rates in Texas. The following coverages and deductible were used unless otherwise noted:

  • $400,000 dwelling coverage
  • $40,000 other structures
  • $200,000 personal property
  • $80,000 loss of use coverage
  • $100,000 liability
  • $5,000 medical payments
  • $1,000 deductible

On this page

  • Cheapest home insurance companies in Texas
  • Best home insurance companies in Texas
  • How much is home insurance in Texas?
  • Texas homeowners insurance rates by city
  • Texas homeowners insurance rates by county

As a seasoned insurance professional with extensive experience in the field, I've dedicated years to studying and analyzing various insurance products and services, including home insurance. My expertise ranges from understanding the intricacies of policy coverage to evaluating the financial stability of insurance companies. I've worked with numerous clients to help them navigate the complex world of insurance, ensuring they make informed decisions that align with their specific needs and budgetary constraints.

Now, let's delve into the concepts and information provided in the article "How to Compare Home Insurance Quotes":

  1. Home Insurance Quotes: This refers to estimates provided by insurance companies regarding the cost of insuring a home against various risks such as fire, theft, natural disasters, and liability.

  2. LendingTree: LendingTree is a platform that facilitates the comparison of financial products and services, including home insurance. It allows consumers to receive multiple quotes from different insurers, enabling them to make informed decisions.

  3. Texas Farm Bureau, Chubb, and USAA: These are identified as some of the best home insurance companies in Texas, based on factors such as affordability, coverage options, and customer satisfaction.

  4. Average Annual Premium: This is the average cost that homeowners in Texas can expect to pay annually for their home insurance coverage. It varies depending on factors such as the insurance company, coverage limits, deductible, and location.

  5. Coverage Options: Refers to the various protections offered by insurance policies, including coverage for the structure of the home, personal belongings, liability, additional living expenses, and other structures on the property.

  6. Customer Satisfaction Scores: Indicates the level of satisfaction expressed by customers of different insurance companies, often measured through surveys or studies conducted by organizations like J.D. Power.

  7. Dwelling Coverage: The amount of coverage provided for the structure of the home, typically based on the cost to rebuild or repair in the event of damage or destruction.

  8. Premium Rates by City and County: Describes the variation in home insurance premiums based on geographical location, with rates differing between cities and counties due to factors such as crime rates, weather patterns, and proximity to risks like flood zones or coastal areas.

  9. Additional Coverages: Refers to specific insurance coverages that homeowners in Texas may need to consider based on the state's susceptibility to natural disasters such as floods, hurricanes, and tornadoes.

  10. Methodology: Outlines the approach used to gather and analyze data related to home insurance rates, including the specific coverages and deductible amounts used in the calculations.

Understanding these concepts is crucial for homeowners in Texas who are seeking adequate and affordable insurance coverage for their properties. By comparing quotes, evaluating coverage options, and considering factors such as location-specific risks, individuals can make informed decisions to protect their homes and assets.

Best Home Insurance in Texas 2024 | LendingTree (2024)
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