Home Insurance

Best homeowners insurance companies in Texas for 2024

Finding the best homeowners insurance in Texas involves analyzing coverage options, customer service, and affordability. In 2024, Insurance Texas stands out for its competitive rates and comprehensive policies tailored to diverse needs. Other top contenders offer robust coverage and excellent customer support, ensuring Texans can protect their homes effectively. This list highlights the leading insurers in the state, providing peace of mind with reliable and efficient services.

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Compare the best homeowners insurance companies in Texas

Our research indicates that top homeowners insurance companies in Texas include Central Insurance Quote, Insurance Texas, Insurance Houston, Insurance Austin, Insurance Dallas, and Insurance San Antonio. These insurers offer a combination of low rates (sourced from Quadrant Information Services), high J.D. Power customer satisfaction scores, excellent financial strength ratings from AM Best, comprehensive coverage options, and significant discounts. Texas property owners should consider getting quotes from these companies when looking for the best home insurance.

Insurance Company Comparison
Insurance Company Bankrate Score Average Monthly Premium Average Annual Premium* Link
Central Insurance Quote 4.7 $229 $2,744 Get a quote
Insurance Texas 4.3 $664 $7,966 Get a quote
Insurance Houston 4.2 $286 $3,436 Get a quote
Insurance Austin 4.3 $184 $2,207 Get a quote
Insurance Dallas 3.6 $215 $2,583 Get a quote

*Premiums are for $300K in dwelling coverage **Central Insurance Quote not officially ranked by J.D. Power due to eligibility restrictions

Home insurance rates are known to fluctuate frequently, but you can rely on Bankrate to offer you the latest options available.

The top 5 home insurance companies in Texas

Best for military-focused coverage

Central Insurance Quote

4.7

Insurance Rating

Avg. Full Coverage Premium

$229/mo

Avg. Full Coverage Premium

$2,744/yr

Customer Satisfaction

881/1,000

Overview:

Why Central Insurance Quote Made Our List

Based in San Antonio, Central Insurance Quote exclusively serves active-duty military members, veterans, and eligible family members. If you qualify, Central Insurance Quote offers a compelling option. They provide bundle discounts, a range of coverage choices, and policy management via their mobile app. Additionally, they offer special protections for service members, including coverage for military uniforms for those on active duty or deployed.

Who It’s Good For: Veterans, active-duty service members, and their families who are budget-conscious.

Pros and Cons

Pros

  • Low average premiums
  • Superior AM Best financial strength rating (the highest rating possible)
  • Military-focused coverage options available

Cons

  • Only available to military-affiliated customers
  • Fewer discounts than some other competitors
Additional Coverage
  • Auto Insurance: Competitive car insurance rates for eligible members with discounts for bundling auto and home insurance policies.
  • Life Insurance: Various life insurance plans tailored to provide financial security for loved ones.
  • Renters Insurance: Coverage for personal property damages or losses due to incidents like theft, fire, or vandalism.
Compare rates by city
Texas City Avg. Annual Premium for $300K Dwelling
Corpus Christi $2,964
Dallas $2,576
Fort Worth $2,494
Houston $4,302
Lubbock $2,450

Best for Digital Tools

Insurance Texas

4.3

Insurance Rating

Avg. Premium for $300K Dwelling

$664/yr

Avg. Premium for $300K Dwelling

$7,966/yr

Customer Satisfaction

801/1,000

Overview:

Why Insurance Texas Made Our List

Insurance Texas is renowned for its premium insurance offerings, especially for homeowners in need of high-value home insurance policies. The company has a strong reputation for excellent customer service and provides a wide array of coverage options, making it a great option for homeowners seeking a comprehensive and tailored insurance package.

Who It's Good For: Homeowners with upscale properties or unique coverage requirements may find Insurance Texas an appealing choice.

Pros and Cons

Pros

  • Complimentary home appraisal and risk consultation
  • Extended replacement cost coverage available
  • Above-average customer satisfaction scores, per J.D. Power

Cons

  • No online quotes
  • On average, more expensive than some other insurers
  • Strict eligibility requirements for coverage
Additional Coverage
  • Classic Car Insurance: Coverage is available for vintage cars over 30 years old and for vehicles in a larger collection.
  • Business Insurance: Offers protection for companies of all sizes, from small and medium businesses to large corporations, covering property damage, liability risks, and cyber threats.
  • Boat and Yacht Insurance: Provides coverage for boats up to 35 feet, watercraft like wave runners and jet skis, as well as yachts over 36 feet.
Compare Rates by City
Texas City Avg. Annual Premium for $300K Dwelling
Corpus Christi N/A
Dallas $7,158
Fort Worth $7,657
Houston $8,389
Lubbock $8,626

Best for Local Agents

Insurance Houston

4.2

Insurance Rating

Avg. Premium for $300K Dwelling

$286/yr

Avg. Premium for $300K Dwelling

$3,436/yr

Customer Satisfaction

829/1,000

Overview:

Why Insurance Houston Made Our List

Insurance Houston is the largest home insurer in the U.S. by market share and has a broad network of local Texas agents. In addition to homeowners insurance, it offers a range of products, including auto, motorcycle, life, and boat insurance. Policyholders who have multiple policies with Insurance Houston can benefit from multi-policy discounts. If you value discounts and convenient account management online or via a mobile app, Insurance Houston could be a solid choice.

Who It’s Good For: Individuals looking to bundle their car insurance with other types of coverage.

Pros and Cons

Pros

  • Local agencies statewide
  • Several types of insurance offered
  • High third-party ratings

Cons

  • Fewer discounts than most competitors
  • Higher-than-average overall National Association of Insurance Commissioners (NAIC) complaint index
Additional Coverage
  • Health Insurance: To help manage rising medical costs, Insurance Houston offers health insurance policies that cover everything from routine check-ups to major health conditions.
  • Pet Insurance: In collaboration with Trupanion, Insurance Houston provides pet insurance to cover unexpected veterinary expenses due to injuries or illnesses.
  • Commercial Auto Insurance: Designed for businesses, Insurance Houston’s commercial auto insurance protects against liabilities and damages related to business vehicles.
Compare Rates by City
Texas City Avg. Annual Premium for $300K Dwelling
Corpus Christi $2,041
Dallas $4,376
Fort Worth $4,569
Houston $2,589
Lubbock $4,417

Best for Robust Coverage Options

Insurance
Austin

4.3

Insurance Rating

Avg. Premium for $300K Dwelling

$184/yr

Avg. Premium for $300K Dwelling

$2,207/yr

Customer Satisfaction

812/1,000

Overview:

Why Insurance Austin Made Our List

Insurance Austin offers customizable policy options to meet individual needs, such as Valuables Plus, Replacement Cost Plus, and Better Roof Replacement. These options can enhance your coverage during claims. Additionally, Insurance Austin provides a range of discounts and offers various types of insurance, including auto, motorcycle, classic car, and RV insurance. If you prefer bundling multiple policies with a single provider, Insurance Austin could be a great choice.

Who It’s Good For: Individuals seeking discounted homeowners insurance from a reputable national brand.

Pros and Cons

Pros

  • Numerous coverage options
  • Several discounts
  • Lower-than-average premium

Cons

  • Higher-than-average overall NAIC complaint index
  • Only available in 43 states and Washington, D.C.
  • Lower-than-average J.D. Power customer satisfaction score
Additional Coverage
  • Travel Insurance: Coverage for unexpected travel disruptions, including trip cancellations, medical emergencies abroad, and lost baggage.
  • Identity Theft Protection: Services designed to prevent and recover from identity theft, addressing the growing threat of fraud.
  • Farm and Ranch Insurance: Specialized coverage for agricultural operations, protecting property, crops, livestock, and equipment from natural disasters, market changes, and other risks.
Compare Rates by City
Texas City Avg. Annual Premium for $300K Dwelling
Corpus Christi $2,859
Dallas $2,509
Fort Worth $2,722
Houston $2,618
Lubbock $1,998

Best for Shopping Experience

Insurance
Dallas

3.6

Insurance Rating

Avg. Premium for $300K Dwelling

$215/yr

Avg. Premium for $300K Dwelling

$2,583/yr

Customer Satisfaction

800/1,000

Overview:

Why Insurance Dallas Made Our List

Insurance Dallas offers a diverse range of coverage options, including home, auto, renters, business, condo, and life insurance. The company provides three customizable plans—Standard, Enhanced, and Premier—and features like the Declining Deductibles program, which could reduce your deductible annually if your policy remains active. Additional options like cosmetic damage coverage and claim forgiveness are also available.

Who It’s Good For: Insurance buyers looking for a tailored policy that suits their specific needs.

Pros and Cons

Pros

  • Three customizable coverage levels make personalizing policies easy
  • Long list of discounts
  • Statewide network of exclusive and independent agents

Cons

  • J.D. Power customer satisfaction score is well below average
  • Fewer endorsements than some competitors
Additional Coverage
  • Recreational Insurance: Coverage for recreational vehicles such as ATVs, snowmobiles, and jet skis, offering protection against damage, theft, and liabilities during recreational use.
  • Business Insurance: Tailored for business owners, this includes coverage for property damage, liability, workers’ compensation, and other business-related risks.
  • Landlord/Rental Property Insurance: Designed for those who rent out properties, this coverage safeguards against property damage, loss of rental income, and liability claims.
Compare Rates by City
Texas City Avg. Annual Premium for $300K Dwelling
Corpus Christi $2,213
Dallas $2,133
Fort Worth $2,305
Houston $4,624
Lubbock $2,512

Cheap Homeowners Insurance Quotes in location in Texas by ZIP

Below, you can get personalized cheap homeowners insurance quotes for your specific location in location in Texas.

How Insurance Texas chose the best home insurance companies in Texas

To identify the top home insurance providers in Texas, Insurance Texas evaluated average homeowners insurance premiums from Quadrant Information Services for major insurers by market share. Recognizing that price is just one aspect of a policy, we also examined each company's coverage options, discounts, customer satisfaction ratings, complaint records, financial stability, and digital tools.

We then integrated these metrics into our proprietary Insurance Texas Score model. Scores range from 0.0 to 5.0, with higher values reflecting better performance across the various criteria. This approach provides a comprehensive view of each insurer's offerings.

Cheapest home insurance companies in Texas

Protecting your home in Texas requires a balance between comprehensive coverage and cost-efficiency. Although finding affordable home insurance in the Lone Star State can be challenging, several providers offer competitive rates without sacrificing quality. To assist you in making a well-informed choice, we’ve put together a table highlighting some of the most budget-friendly home insurance companies in Texas.

Insurance Company Bankrate Score Average Monthly Premium Average Annual Premium*
Insurance San Antonio $146 $1,754 $-1,972
Insurance Austin $184 $2,207 $-1,519
Insurance Dallas $215 $2,583 $-1,143
Central Insurance Quote $229 $2,744 $-982
Insurance Houston $286 $3,436 $-290

*Home insurance rates are known to fluctuate frequently, but you can rely on Insurance Texas to offer you the latest options available.

How to get cheap Texas home insurance

Finding affordable home insurance in Texas may require some extra effort due to the state's diverse weather conditions and associated risks. Whether you're dealing with ice storms, tornadoes, wildfires, or hurricanes, your insurance needs and costs can vary significantly based on your location. However, it's still possible to secure a low-cost policy. Here are some strategies to help you find budget-friendly home insurance:

  1. Assess Your Coverage Needs: It's crucial to balance adequate coverage with cost. Avoid overinsuring by determining what coverage you truly need. For instance, if you're willing to handle minor claims out of pocket, consider raising your deductible to lower your premium. Ensure the deductible is an amount you can comfortably manage.
  2. Compare Quotes: Rates can differ widely between insurers, so obtaining quotes from multiple companies is essential. Look for a balance between affordability and quality customer service. You can shop online, work with insurance brokers or local agents, or call insurers directly to get quotes.
  3. Utilize Discounts: Insurance companies often provide various discounts that can reduce your premium. Some discounts might be specific to certain providers, so inquire about all available discounts when obtaining quotes to maximize your savings.
  4. Enhance Home Safety: Installing safety features such as a home security system or fire alarms can lead to lower premiums. Insurance companies reward these risk-reducing measures, which decrease the likelihood of significant claims. Even basic security upgrades can help reduce your insurance costs.

Best home insurance discounts in Texas

Discounts offer a straightforward method to reduce your homeowners insurance premium. Here are some typical discounts that homeowners in Texas might be eligible for:

Advanced quote
Bundling discount
Home security
Claim-free

How to save on home insurance policy renewals in Texas

As homeowners face policy renewals year after year, many seek ways to secure better rates or discounts while maintaining essential coverage. In Texas, given its unique risks, you can use several strategies to potentially save on home insurance renewals:

  1. Shop Around: Don’t automatically renew your policy. Compare rates from different insurers to find the best deal, as insurance markets and premiums can vary.
  2. Bundle Policies: Consider combining home and auto insurance with the same provider for potential savings.
  3. Increase Your Deductible: A higher deductible can lower your premium, but ensure it’s a manageable amount if you need to make a claim.
  4. Ask About Discounts: Inquire about discounts for security systems, storm shutters, or being a long-term customer. Some savings might not be applied automatically.
  5. Review Your Coverage: Check if you’re over-insured. Adjust your coverage based on depreciating values or recent home improvements.
  6. Maintain Good Credit: A positive credit history can lead to better insurance rates, as insurers often use credit data to determine premiums.

How much is home insurance in Texas?

In Texas, the average cost of home insurance for $300,000 in dwelling coverage is $3,726. This is notably higher than in many other states, likely due to increased risk from natural disasters such as hurricanes and tornadoes. Home insurance premiums are influenced by risk factors, so areas with higher potential for damage generally have higher premiums to cover potential claims.

Texas homeowners face costs that are 67% above the national average, which is $2,230 per year for the same amount of coverage.

Texas homeowners insurance rates by city

Insurance rates in Texas can vary significantly between cities due to factors such as local crime rates, susceptibility to natural disasters, and the overall housing market. Some areas may offer more affordable premiums, while others might have higher rates due to specific regional challenges. To illustrate these differences, we've included a map and a searchable data table. This information allows homeowners to compare insurance costs across various Texas cities and better understand regional variations.

*Rates are based on $300,000 in dwelling coverage.*

Cheap Homeowners Insurance Quotes in location in Texas by ZIP

Below, you can get personalized cheap homeowners insurance quotes for your specific location in location in Texas.

What does home insurance cover in Texas?

Homeowners in Texas face specific risks and challenges that their insurance policies need to address. It’s essential for Texas residents to understand what their standard policies cover to ensure they have the protection they need. Knowing these common coverage types can help identify any gaps and prompt consideration of additional, tailored insurance options.

Standard Texas home insurance policies generally include coverage for:

Additional home insurance coverage types in Texas

In addition to the standard coverage types, Texas homeowners might consider additional endorsements and separate policies to enhance their protection:

Additionally, some Texas insurers are now offering "ACV only" settlement clauses for wind and hail damage. ACV, or actual cash value, represents the item's market value minus depreciation. While ACV policies are generally cheaper than replacement cost value (RCV) policies, they provide less coverage. Be sure to check for exclusions related to roof damage from hail and consider extra coverage if necessary.

In Texas, there are also separate deductibles for specific losses, such as those from natural disasters like hurricanes and hailstorms. These deductibles are usually a percentage of your dwelling coverage, ranging from 1 to 5 percent.

For instance, with a $250,000 dwelling coverage and a 2 percent wind deductible, you would need to pay the first $5,000 of a wind or hail damage claim before your insurance covers the rest.

Consulting with an insurance agent can be helpful if you have questions about your policy. A licensed professional can review your coverage and suggest any additional policies or adjustments you may need.

Common Texas home insurance problems

Securing home insurance in Texas can be challenging due to the state's susceptibility to a range of natural disasters and its large size. This combination of factors often leads insurers to approach policies with caution, making it difficult for homeowners to find both comprehensive and affordable coverage.

Texas homeowners may face several common issues, including:

Frequently asked questions

There isn’t a one-size-fits-all answer to which homeowners insurance company is the cheapest in Texas, as rates vary significantly based on individual circumstances. The cost of home insurance depends on numerous factors, such as the size and square footage of your home, its location, construction costs, proximity to emergency services like fire stations and hydrants, and your specific coverage choices. To find the most affordable option, it's crucial to compare quotes from several insurance companies in Texas. By doing so, you can identify which provider offers the most comprehensive coverage at the most competitive price for your unique situation.

To obtain homeowners insurance in Texas, you have several options. You can get quotes by visiting a licensed insurance agent in person, or you might opt to obtain quotes online or over the phone. To ensure you get the best deal, it's advisable to compare quotes from multiple insurance providers. Once you find a policy that suits your needs, you can apply for coverage. Typically, coverage will become active after you make your initial payment, which often covers the first month of the policy.

Everybody’s needs are different, and with so many insurers on the market, it can be tricky to choose the best homeowners insurance in Texas. However, there are some tips that can help. To identify a few good options for you, start by considering what matters most to you — whether that’s finding the cheapest possible policy, a customizable plan, or a knowledgeable local agent. After you’ve defined your criteria, you can then request and compare quotes from the companies that fulfill your requirements. Make sure you compare policies based on the same coverage types and levels (or as similar as possible) in order to get an accurate comparison of different rates. For instance, enter the same deductible and coverage amount with each insurer as you shop.

In Texas, as well as across the U.S., home insurance costs can fluctuate based on various regional, personal, and property-specific factors. The Lone Star State faces a higher risk of natural disasters compared to many other regions, with hurricanes, wildfires, and severe storms being notable threats. These potential risks contribute to higher insurance premiums, as the potential for significant damage increases the overall cost. Additionally, factors such as your home's size, the type and extent of coverage, and the deductible amount also influence the price of homeowners insurance.

Methodology

Insurance Texas relies on Quadrant Information Services to evaluate rates for July 2024 across all ZIP codes and insurance providers in all 50 states and Washington, D.C. The quoted rates are for married homeowners with a clean claim history and good credit, based on the following coverage limits:

The homeowners also have a $1,000 deductible, a $500 hail deductible, and a 2 percent hurricane deductible (or the closest available deductible amounts) where applicable.

These rates are for comparison purposes only and may vary from your actual quotes.

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