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The best way to get an accurate estimate of the cost of homeowners insurance is to apply for a quote using your personal information and your home’s details. Homeowners can look into how to get hurricane insurance protection by checking with their homeowners insurance company. Some homeowners insurance covers damage due to a hurricane, but customers will want to check with the insurance company to find out what exactly is covered and what is not. Most homeowners insurance covers tornado damage, but customers can talk to the insurance company to see if there are any exceptions or gaps where additional coverage could be necessary.

We chose these providers based on their average rates, coverage options, discounts, and third-party ratings. State Farm is a well-rounded option when it comes to the best renters insurance companies in Texas. The company currently holds an A++ rating from AM Best—the highest ranking possible—reflecting its strong finances and long-term outlook. If renters insurance is bundled with other insurance products, such as life insurance or auto insurance Allstate offers discounts. When bundling the two insurances, the price of the renters insurance in Texas is just $4 per month.
Before You Choose One of the Best Renters Insurance Companies in Texas
Also, many consumers like to manage all of their insurance policies with one company to keep things simple. Therefore, customers may want to check with the homeowners insurance company to find out if it also offers other policies such as car insurance or life insurance. The average cost of home insurance in Texas is $1,863 per year, based on 2021 data from Bankrate.com. However, your rate for Texas home insurance could differ based on the insurance company and coverages you choose. What discounts you qualify for and how much it saves on the cost of home insurance will also factor into your average rates.
If you’re willing to take the risk, you’ll generally pay less in annual premiums. Below are the cheapest companies for a Texas homeowners policy with a $2,500 deductible. You may be able to save by bundling your home and auto policies, having a newer roof and setting up autopay on your policy. Average home insurance rates were calculated using data from Quadrant Information Services.
Farmers Insurance
At Compare.com, it’s our mission to find simple ways to help our customers save money on the things they need. While we partner with some of the companies and brands we talk about in our articles, all of our content is written and reviewed by our independent editorial team and never influenced by our partnerships. Learn about how we make money, review our editorial standards, and reference our data methodology to learn more about why you can trust Compare.com. The state of Texas, State Farm is one of the leading providers of renters insurance. Apart from offering several discounts, State Farm also offers renters insurance at a reasonable cost.
It was “established by the Texas Legislature to provide essential property insurance for eligible Texas policyholders when no one else will," according to the Texas Fair Plan Association website. USAA offers robust coverage and is known for its great customer service and claims satisfaction. While USAA policies are only available to military members and their families, Texas has one of the largest active duty military populations in the country, making USAA a great option for many residents. Homeowners insurance reviews for our ratings of more than a dozen popular companies. A standard home insurance policy will cover wildfire damage and pay for you to live elsewhere if you’re unable to stay in your own house during repairs. After you file a claim, it’s common for insurance companies to raise your rate.
How Bankrate chose the best homeowners insurance in Texas
We’ve highlighted the top companies based on factors like their coverage options, rates, discounts, and customer service reputation. Chances are that one of these companies is the perfect fit for your car insurance needs. Allstate offers a wide variety of discounts that can help eligible Texas homeowners lower their cost of coverage; however, despite this, the company had the highest premiums in our research.

Your homeowners insurance premiums will vary depending on both your company and how much dwelling coverage you need to protect your home from serious weather damage. You'll want your dwelling coverage limit is higher than or equal to your home's replacement cost, or the cost to rebuild in the event of a disaster. Chubb is an excellent home insurance option for Texans who own home's valued at $1 million or more or have multiple properties or cars to insure.
Top 3 Cheapest Homeowners Insurance Companies in Texas
These services include an assessment of your home’s risk and deployment of firefighters to your home if a wildfire is approaching. It covers your house for any problems that are not excluded in the policy, such as floods. Homeowners insurance quotes in Texas are more expensive than average, in large part due to the state’s high risk of severe weather. Many of the neighboring states around Texas, including Florida and Louisiana, also have above average rates due to the risk of hurricanes and tropical storms in the region. The average cost of home insurance in Texas is $1,863 per year, according to 2021 quoted annual premiums from Bankrate.com. Home insurance in the Lone Star State is much more expensive than average.
For instance, we reviewed each company’s quote and claims process to make sure they were quick and easy to use. We also looked at each company’s rates and discounts to see how competitive they are for the market and to see how affordable they are for homeowners. Other considerations included deductibles, additional policies, and AM Best ratings to find the companies that would offer the best coverage and value for customers.
State Farm also offers more unique endorsements, including an energy-efficient upgrade that will replace your covered items with energy-efficient ones. State Farm is a household name and a top provider of home and auto insurance. The provider offers 11 home insurance add-ons to enhance your policy’s coverage.
By familiarizing yourself with the types of perils covered and the exclusions, you won’t be caught off guard and unprotected if something happens. Mold would only be covered by your homeowners insurance policy if it was caused by a covered event. For example, if a storm with heavy rainfall caused water to leak into your house, soaking your walls or floors and causing mold to form, the damage would be covered. Some companies offer extra mold and fungus protection as an add-on for an upcharge to your premium. When weighing policy options, it’s important for customers to figure out how much renters insurance they need so they can choose the right coverage amount.
Based in Los Angeles, Mercury not only is one of the cheapest homeowners insurers in Texas, on average, but it also offers several ways to save on your premium. You may be eligible for discounts for bundling your home and auto policies, living in a newer home or having a burglar alarm. However, the company receives more consumer complaints than expected for an insurer of its size, according to the NAIC. The Nationwide website offers plenty of ways to manage your policy, including filing and tracking claims, paying bills and getting quotes. Insurers price their policies differently, which is why it’s key to get home insurance quotes from multiple insurance companies before you buy a policy. Your dwelling coverage should be adequate enough to cover the cost to rebuild your home.
