How to Compare Home Insurance Quotes
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Hira Tanweer
Hira Tanweer covers a wide range of insurance topics. Prior to joining LendingTree, she served as a digital marketing consultant and a website content creator.
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Emilia Benton
Emilia Benton is a personal finance writer and editor based in Houston. She received her bachelor's in journalism from Hofstra University and her work has appeared in the Houston Chronicle, MagnifyMoney, LendingTree, ValuePenguin, Student Loan Hero, among others.
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Bryan Ochalla
Bryan Ochalla has worked as a writer and editor for over 20 years across several industries.
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Updated on:
January 25th, 2024
Content was accurate at the time of publication.
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Texas Farm Bureau, Chubb and USAA are some of the best home insurance companies in Texas.
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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.
| Company | Average 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 amount | Average 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.
| City | Average 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.
| County | Average 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 an expert and enthusiast, I have access to a wide range of information and can provide insights on various topics. While I don't have direct access to my training data or know where it came from, I can assure you that I am designed to provide accurate and reliable information. I should note that while I strive to provide helpful information, I am not infallible and errors may occasionally occur.
Now, let's dive into the concepts mentioned in the article "How to Compare Home Insurance Quotes" and provide information related to each concept.
Home Insurance Quotes:
Home insurance quotes refer to the estimated cost or premium that an insurance company provides to a homeowner for insuring their property. These quotes typically include coverage for the structure of the home, personal belongings, liability protection, and additional living expenses in case the home becomes uninhabitable due to a covered event.
LendingTree:
LendingTree is a company that operates an online marketplace connecting consumers with various financial products and services, including home insurance. LendingTree allows users to compare quotes from multiple insurance providers to find the best coverage and rates for their specific needs.
Texas Farm Bureau:
Texas Farm Bureau is mentioned as one of the best home insurance companies in Texas. It offers home insurance coverage and is known for its affordability. According to the article, Texas Farm Bureau has an average annual premium of $3,474, making it the cheapest company in the state.
Chubb:
Chubb is another home insurance company mentioned in the article. It is recognized as the best overall home insurance company in Texas. Chubb offers premium coverage through its Masterpiece policy and provides affordable rates for its standard policies, with an average annual premium of $3,495.
USAA:
USAA is highlighted as one of the best home insurance companies in Texas, particularly for its customer service. According to J.D. Power's 2023 Home Insurance Study, USAA received the best overall customer satisfaction score, with a score of 881 out of 1,000 points. It's important to note that USAA primarily sells home insurance to military personnel, veterans, and their families.
State Farm:
State Farm is also mentioned as one of the home insurance companies with excellent customer satisfaction scores according to J.D. Power. State Farm received an above-average score of 829 out of 1,000 points. State Farm offers home insurance coverage to a wide range of customers.
Average Home Insurance Rates in Texas:
The article provides average home insurance rates in Texas based on non-binding estimates by Quadrant Information Services. The rates vary depending on factors such as the coverage amount and location. Here are a few examples of average annual premiums for different dwelling coverage amounts:
- $350,000 dwelling coverage: $4,647
- $400,000 dwelling coverage: $5,180
- $450,000 dwelling coverage: $5,690
Home Insurance Rates by City and County in Texas:
The article also provides average home insurance rates by city and county in Texas, again based on non-binding estimates by Quadrant Information Services. Here are a few examples of average annual premiums for some cities and counties in Texas:
- Among the most populated cities:
- San Antonio: $3,422
- Dallas: $5,729
- Austin: $3,444
- Among the most populated counties:
- El Paso County: $2,599
- Fort Bend County: $6,977
Additional Home Insurance Coverages in Texas:
The article mentions that Texas is prone to natural disasters such as floods, hurricanes, and tornadoes. It advises homeowners to consider additional coverage for these events. Here are some additional coverages mentioned:
- Flood Insurance: Standard home insurance policies typically don't cover floods, but you can purchase flood insurance through insurance companies participating in the National Flood Insurance Program (NFIP) or some private companies.
- Hurricane Coverage: Home insurance policies usually cover wind damage from hurricanes, but if you live along the coast, your policy may exclude wind damage. In such cases, you may need to buy a separate windstorm insurance policy, which can be obtained through the Texas Windstorm Insurance Association (TWIA).
- Tornado Coverage: Standard home insurance policies usually cover wind damage from tornadoes. However, if your policy excludes wind damage, you may need to consider a separate windstorm insurance policy.
Methodology:
The rates and information provided in the article are based on non-binding quotes collected from Quadrant Information Services. The article mentions the specific coverages and deductible used for the rates mentioned.
Please note that the information provided here is a summary based on the search results I found. It's always a good idea to consult with insurance professionals or directly contact insurance companies for personalized and up-to-date information regarding home insurance quotes, coverage options, and rates.
