If you recently moved to Houston or just bought a home in the Bayou City, you’ve made a great decision. When you consider the affordability of H-Town living, paired with the city’s cheap homes and ample employment opportunities, life in the city is as sweet as pecan pie. Plus, since the sun is out pretty much year-round, you can enjoy all of Houston’s great sports teams, outdoor parks, and some of the world’s best barbecue cooking anytime and anywhere in the city.
But life in “the city with no limits” does have its limitations from time to time. Houston is known for its extreme heat, tornadoes, and hurricanes. In 2019, Houston was rated the eighth riskiest city to live in because of these extreme natural disasters.
The best way to keep your home protected from all of Houston’s natural perils is with homeowners insurance. Searching for affordable home insurance in Houston can be stressful, but Insurify is here to help.
Use Insurify’s comparison tools to look at multiple insurance companies, coverage options, and home insurance quotes to find the best Texas home insurance policy for you in just minutes.
Overpaying for Hosuton home insurance?
How to Find Cheap Home Insurance in Houston
Houston faces some serious natural disasters, but homeowners can take steps to minimize risk and protect their home and personal belongings.
The first step to protecting your property is homeowners insurance. Though not required by law, home insurance provides financial liability protection for your property and belongings from natural disasters or theft. Different coverage levels are available for different property types and locations.
Although houses and living expenses are pretty cheap in Houston, insuring your home can get pricey. This is mostly because of all the potential damages that your Texas homeowners insurance is intended to cover.
Houston isn’t the most walkable city, so you probably have a car and pay a pretty penny for car insurance. One of the easiest ways to lower your annual premiums is by bundling your insurance products, so ask your insurance agent how much you could save by bundling your home and auto insurance policies.
Keep reading for a full guide on Houston home insurance.
MORE ON TEXAS HOME INSURANCE
For general information on Texas home insurance, check out our guide to find the best homeowners insurance in Texas. For more city-specific information, here are our guides to Corpus Christi homeowners insurance, Austin homeowners insurance, El Paso homeowners insurance, Fort Worth homeowners insurance, Arlington homeowners insurance, and Dallas homeowners insurance.
Cheapest Home Insurance in Houston by Company
Homeowners insurance rates aren’t always designed with savings in mind. That’s where Insurify comes in.
As of 2020, the average home insurance premium in Houston costs $3,645 annually, and the median home value is $196,902.
The average cost of insuring your Houston home is nearly 50 percent more expensive than the average cost of homeowners insurance nationally. And the costs don’t stop there. You’ll also want to purchase additional coverages like flood insurance for your Houston home so you don’t have to cover the cost of repairing water damage after a tropical storm.
With all of these expenses, you’ll want to know which home insurance companies in Houston offer the best home insurance coverage at affordable premiums. Insurance providers like Texas Farmers Insurance, Amica, and State Farm each offer different coverage amounts and deductibles, so it’s important to know what each company’s home insurance quotes include before committing to a policy.
Here are some of the most affordable home insurance companies in Houston, TX.
|Average Home Cost in Houston||Average Annual Insurance Premium in Houston|
Cheapest ZIP Codes in Houston for Home Insurance
Most H-Town residents try to live in the Inner Loop, but that doesn’t mean that every Houston resident faces the same home insurance rates.
Like property costs, home insurance varies in price from city to city. Pricing is determined by ZIP code–specific variables, such as the volume of claims filed nearby, crime rates, and property costs, and risk variables, such as natural disaster frequency. Even your specific neighborhood may determine if you pay more or less on our annual premiums.
Rates across Houston are still relatively high compared to the national average, but you could face cheaper home insurance premiums depending on the town you live in. Here are the most and least expensive ZIP codes in Houston for home insurance.
|Most Expensive Real Estate in Houston||Cheapest Real Estate in Houston|
|River Oaks||$2,218,750||South Belt||$189,243|
|Hunters Creek||$1,999,000||Greater Inwood||$164,833|
Home Insurance Coverage Types in Houston
There are several types of home insurance. Specific terms of insurance policies may vary by city, but in general, the standard policy types are as follows:
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Flood Insurance Policies in Houston
Even though Houston last experienced a hurricane in 2017, the city is no stranger to the dangers of windstorms and floods. Flooding is one of the most common natural disasters that Houston faces every year.
The problem for Houstonians is that a home insurance policy alone won’t protect your home after a storm or flood. To be covered from water damage of any kind, insurance carriers will require homeowners to purchase a separate flood insurance policy.
The good news is Houston residents are eligible to purchase flood insurance through the National Flood Insurance Program (NFIP). You can purchase an NFIP policy through your insurance carrier so you don’t have to worry about paying for damages out of pocket after a storm.
Protecting Your Houston Home from Property Crime
Houston has one of the highest crime rates in America, and roughly one out of every 24 people in Houston becomes a victim of property crimes.
Your home insurance policy is meant to help replace or repair your items after vandalism or theft, but you’ll want to make sure you have enough coverage for all of your belongings. The best way to determine your personal property’s value is to take an inventory of your most expensive and important possessions. This way, you can compare the value of your belongings to your home insurance policy and know whether you have the right amount of coverage.
If you find that the value of your belongings exceeds your insurance coverage, you’ll want to look into increasing your coverage amount. Purchasing a comprehensive policy may also be beneficial since it will offer complete replacement costs for stolen or damaged items.
Buying a home is stressful enough—don’t let insuring it get in the way of enjoying your new property.
Houston Homeowners Insurance FAQs
Does my home insurance in Houston, TX, cover hail damage?
Yes, basic home insurance policies will cover any damage to your roof that hail causes. But if hail causes a leak in your home that leads to water damage, you may need a flood insurance policy to cover any water damage.
Why is my home insurance in Houston, TX so expensive?
Since Houston is prone to natural disasters like hurricanes, insuring Houston homes is more expensive. The cost of your home insurance policy also depends on factors like your neighborhood and credit score, which can leave some homeowners paying costly annual premiums.
I don’t live in one of Houston’s flood zones. Do I still need flood insurance?
Even if your home isn’t prone to flooding, flood insurance policies cover more than just flood repairs. If you experience any type of water damage, a flood insurance policy will be worth it.
Conclusion: How to Find the Cheapest Home Insurance in Houston
Houston is on the rise, and it’s clear to see why. But even though the city’s affordability doesn’t extend to its insurance premiums, you don’t have to pay an arm and a leg for coverage. With a little bit of research and help from Insurify’s tools, you can compare the best homeowners insurance and secure affordable home insurance in no time.
Compare Home Insurance Quotes in Houston, Texas in Two Minutes
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