Best Texas Homeowners Insurance Quotes (2024)

Farmers offers some of the cheapest home insurance coverage in Texas, with annual premiums starting at $2,167.

Emily Guy Birken
Emily Guy Birken
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Mark Friedlander
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As Director, Corporate Communications for Triple-I, Mark serves as the non-profit’s national spokesperson, sharing information and education on a wide array of insurance issues.

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Updated November 6, 2024

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Everything may be bigger in Texas, but that doesn’t mean Texans should overpay for homeowners insurance. The average cost of homeowners insurance in the Lone Star State is $4,456 per year for a policy with a $1,000 deductible and $300,000 in dwelling coverage — much higher than the national average of $2,377.

Texas homes are vulnerable to different natural disasters, including hurricanes, flooding, wildfires, and tornadoes, which makes it especially important for homeowners to have the right type of insurance coverage. Here’s what you need to know about comparing home insurance quotes and finding coverage in Texas.

Quick Facts
  • Flooding is a potential problem for Texas homes, but standard homeowners insurance policies don’t cover flooding.[1]

  • Texas has one of the highest average monthly rates for homeowners insurance in the country.

  • The average cost to rebuild a home in Texas ranges from less than $200,000 to well over $1 million, depending on location.

Best home insurance companies in Texas

Texas has plenty of home insurance companies to choose from. The right home insurance for you will depend on your specific situation and insurance needs, so it’s a good idea to shop around and compare quotes.

The following are among the best homeowners insurance companies in Texas.

Insurance Company
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
Average Annual Premium
Best For
Farmers8.4$2,167Cheapest rates
Mercury7.6$3,555Bundling
State Farm8.2$3,846Customer satisfaction
Nationwide8.4$4,850Online tools
Table data sourced from real-time quotes from Insurify’s partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer’s unique profile.
  • Our editorial team spent more than 350 hours developing the Insurify Quality (IQ) Score and scoring insurance companies. The IQ Score objectively analyzes and calculates a score for insurers using more than 15 crucial criteria. The team weighted criteria by importance to the consumer — factors such as customer reviews and affordability influence the score more than availability and third-party ratings.

    We rate each company on a 1 to 10 scale based on five categories: financial ratings, customer satisfaction, affordability, customer support and transparency, and availability. Insurify updates ratings once a year or as more recent information becomes available.

    • Third-party financial ratings: Insurify uses data from AM Best, S&P, Moody’s, and more to compare insurance companies’ credit and ability to pay out future claims.
    • Customer satisfaction: To calculate this score, Insurify analyzed more than 55,000 customer reviews across 155 car insurance companies. We also consider third-party ratings from J.D. Power, the National Association of Insurance Commissioners, and Trustpilot.
    • Affordability: Our data scientists analyzed more than 90 million real-time auto insurance rates from our partners across the U.S., as well as available discounts, to calculate an affordability score.
    • Customer support and transparency: This measures coverage options, ease of claims filing, and the insurer's transparency surrounding discounts, coverages, and claims process.
    • Availability and reach: Insurify scores availability and reach by identifying the number of states in which insurers offer coverage and company size by market share.

Cheapest rates: Farmers

Compare personalized, real-time quotes
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
8.3/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
815
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$131/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$199/mo

Farmers offers the lowest average rates to Texas homeowners in Insurify’s data analysis. Homeowners can also customize their home insurance policies with Farmers’ Flex Personal Home policies, which can include emergency mortgage assistance, water backup and sump pump coverage, declining deductibles, and more.

This insurer makes it easy to manage policies digitally, with a number of online tools and a highly rated mobile app. And for people who prefer to work with an agent, Farmers has a statewide network of captive and independent agents.

Pros
  • Lower-than-average rates for Texas home insurance

  • Plenty of coverage options available

Cons
  • Below-average J.D. Power customer satisfaction rating

  • Fewer advertised discounts than other insurers

Best insurer for bundling: Mercury

Compare personalized, real-time quotes
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
8.0/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
827
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$305/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$525/mo

Texas is one of 10 states where regional home insurance company Mercury offers services. This company offers affordable auto, home, and business insurance and advertises a discount of up to 15% on your homeowners policy, plus up to 14.5% on your auto policy when you bundle. Mercury offers additional discounts, including savings for homeowners who install theft-detection devices and water-leak detection systems.

Pros
  • Offers discounts for bundling

  • Optional identity theft protection available

Cons
  • No online quotes available

  • Doesn’t offer 24/7 customer service

Best insurer for customer satisfaction: State Farm

Compare personalized, real-time quotes
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
9.3/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
842
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$328/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$469/mo

State Farm has been in business for more than 100 years and is the largest home insurer in the country by market share. J.D. Power ranks the company above average in both customer satisfaction and claims satisfaction. It also has a fewer number of complaints than expected for a company of its size, according to the National Association of Insurance Commissioners (NAIC).

Pros
  • Offers several discounts, including a bundling discount, home security discount, and roofing discount

  • Above-average J.D. Power customer and claims satisfaction ratings

Cons
  • Not as many discounts as some competitors

  • Doesn’t have the cheapest home insurance premiums in Texas

Best insurer for online tools: Nationwide

Compare personalized, real-time quotes
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
8.7/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
815
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$468/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$713/mo

With a highly rated mobile app and the ability to get a quote, start a claim, and manage your account entirely online, Nationwide offers an excellent option for consumers who want to handle their policies digitally.

Though Nationwide’s customer service rating from J.D. Power is below average, the National Association of Insurance Commissioners’ Consumer Complaint Index shows no homeowners insurance complaints in Texas.

Pros
  • Credit card fraud protection included in standard home insurance policy

  • Offers optional flood insurance underwritten through the National Flood Insurance Program

Cons
  • Identity theft and water backup not included in base coverage

  • Below-average J.D. Power customer satisfaction rating

Cheapest home insurance in Texas

The cheapest home insurance in Texas won’t be the same for every homeowner. That’s because different factors, like ZIP code, age of your home, claims history, credit record, types of coverage, and your chosen deductible, can all affect how much you pay. Additionally, each insurer uses a different formula for determining premium rates, so it pays to shop around.

In Texas, Farmers is the cheapest home insurance company, with an average annual premium of $2,167, or $181 per month, for $300,000 of dwelling coverage. Other inexpensive insurers in Texas include those in the table below.

Insurance Company
Average Annual Premium
Farmers$2,167
Armed Forces Insurance Exchange$2,509
Travelers$3,081
Lighthouse Property Insurance$3,244
ASI Progressive$3,348
Texas Farm Bureau$3,544
Mercury$3,555
USAA$3,714
State Farm$3,846
Bankers Insurance Group$4,022
Table data sourced from real-time quotes from Insurify’s partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer’s unique profile.

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Cost of homeowners insurance in Texas

Home insurance premiums in Texas cost an average of $4,456 per year for a policy with a $1,000 deductible and $300,000 in dwelling coverage. Although this isn’t the most expensive average cost for homeowners insurance in the nation, it’s among the highest premium prices in the country.

The relatively high cost of homeowners insurance in Texas is partially due to its location. The second-largest state in America experiences a variety of perils, including flooding, hurricanes, tropical storms, wildfires, and tornadoes, and these can cause devastating property damage.

But different factors can affect your premium costs in Texas, including the age of your home and its replacement cost, your area’s labor costs, your claims history, and your deductible amount.[2]

Types of Homeowners Insurance Policies

Types of Homeowners Insurance Policies

Cost of homeowners insurance by dwelling coverage amount

Dwelling coverage is the part of a home insurance policy that pays to repair or rebuild your home if it’s damaged in a covered event.

A common mistake homeowners make is assuming they should get dwelling coverage equal to their home’s purchase price. But repairing or rebuilding your home may cost more or less than what you paid for it, depending on the price of building supplies and labor, among other costs.[3]

For example, the average cost to rebuild a home in Texas ranges from around $220,000 in Wichita Falls up to nearly $750,000 in Missouri City.

That’s why it’s important to understand the cost of rebuilding your home so that you can get the right amount of dwelling coverage. The higher the coverage limits you choose for your dwelling coverage, the more you’ll pay in premiums. Rates shown in the table below are for Texas home insurance policies with a $1,000 deductible.

Coverage Limit
Average Annual Premium
$100,000$1,910
$200,000$3,207
$300,000$4,456
$400,000$5,581
$500,000$6,757
Table data sourced from real-time quotes from Insurify’s partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer’s unique profile.

Cost of homeowners insurance by deductible

Your home insurance deductible is the amount of money you have to pay before your insurance kicks in. A low deductible means you pay less when you make a claim before the insurance policy covers the rest. But keeping a low deductible usually means paying higher premiums.

Raising your deductible lowers your premium amount, which can be an easy way to reduce your home insurance costs. Just make sure you don’t increase your deductible to an amount that you can’t afford if you make a claim.

Here’s how a deductible can change the annual premium of a Texas home insurance policy with $300,000 in dwelling coverage.

Deductible Amount
Average Annual Premium
$500$4,520
$1,000$4,456
Table data sourced from real-time quotes from Insurify’s partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer’s unique profile.

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How to get cheap homeowners insurance in Texas

Texas homeowners can use different strategies to lower the cost of their homeowners insurance. Here are some of the most effective ways to save on home insurance policies:

  • Bundle homeowners and auto insurance. Many insurers offer discounts to customers who purchase more than one type of policy with them. Choosing an insurance company that can handle both your home and auto insurance can save you money on both policies.

  • Improve your home’s safety and disaster readiness. Insurance companies often offer discounts to homeowners who improve their home’s security with things like smoke detectors, burglar alarms, and deadbolts. Some homeowners even get discounts when they invest in disaster preparedness, with features like storm shutters or reinforced roofing.[3]

  • Maintain good credit. The Texas Department of Insurance allows insurers to use credit history to help set homeowners insurance premium rates.[4] Improving and maintaining good credit can help you save money on your home insurance and improve your finances in general.

  • Increase your deductible. Increasing your deductible amount is one of the most efficient ways to quickly lower your premiums. Just make sure you’re prepared to pay the higher deductible amount if you need to make a claim.

How much homeowners insurance do you need in Texas?

When you take out a mortgage on a home in Texas, the mortgage company will require you to purchase a home insurance policy. Texans should aim to have enough replacement cost coverage to rebuild their home in case of a catastrophe, as natural disasters commonly affect the Lone Star State.

Different home insurance policies will work better for different homeowners. Your location, the value of your home, and the current cost of construction materials are all important factors to keep in mind when choosing a homeowners policy. Since each home has different risk factors or potential perils, it’s important to compare quotes from at least three different insurance companies before purchasing your policy.

It’s also important to understand exactly what your home insurance policy covers when you buy it. You need to know if the policy covers everything you need it to cover or if you need to purchase supplemental policies for things like flooding, hurricane damage, or wildfire damage.

What are some of the biggest risks when owning a home in Texas?

Owning a home always comes with risks, but the specific risks vary depending on where you live. Some of the most common natural disasters in the Lone Star State can cause serious damage to your home, and your homeowners insurance may or may not cover them. It pays to be prepared for the most common perils in Texas:

  • illustration card https://a.storyblok.com/f/162273/100x100/4ec24627d2/flood-coverage.svg

    Flooding

    This is the most common disaster in the state of Texas, and it affects the entire state.[5] Unfortunately, homeowners insurance policies typically don’t cover flood damage, so you must purchase separate flood insurance. The National Flood Insurance Program (NFIP) provides flood insurance to property owners and renters in any of the 23,000 participating NFIP communities, and about 1,400 of these communities are in Texas. You can also purchase flood insurance from private insurance companies.

  • illustration card https://a.storyblok.com/f/162273/x/68ed522f01/windstorm-and-hail.svg

    Hurricanes

    Tropical cyclones can cause catastrophic damage along the Texas Gulf Coast and for several hundred miles inland. Texas sees about one hurricane per every six years, but if you include tropical storms, the number increases to nearly one named storm per year.[6] While you can’t purchase a specific hurricane insurance policy type, you can usually include a package of products on your policy that can protect you against events like flooding and wind damage.

  • illustration card https://a.storyblok.com/f/162273/x/1883c5aa7c/fire-and-lighting.svg

    Wildfires

    Wildfires can be a common peril in Texas, especially after a period of drought.[7] While most homeowners insurance policies cover fire damage, you should review your policy documents to determine whether you have adequate coverage in case of a wildfire.

Texas homeowners insurance FAQs

Here’s Insurify’s guide on buying home insurance to help you choose a policy. You can also check out the additional information about home insurance coverage in Texas below.

  • How much is home insurance in Texas?

    The average cost of home insurance in Texas is $4,456 per year, or $371 per month, for a policy with $3,000 in dwelling coverage and a $1,000 deductible. But depending on where you live in the state, you may need to purchase additional coverages, like flood and windstorm/hail damage policies, which can increase your overall property insurance costs.

  • Which company has the cheapest homeowners insurance in Texas?

    Farmers is the cheapest home insurance company in Texas and has average premiums of $2,167 per year, which comes out to about $181 per month. Other affordable insurers in the state include Armed Forces Insurance Exchange and Travelers, with respective annual premiums of $2,509 and $3,081.

  • Does Texas require homeowners insurance?

    No. Texas doesn’t have any laws that require homeowners to purchase insurance for their homes, but your mortgage company will require it. Even if you don’t have a mortgage, home insurance is one of the most important financial protections you can purchase. It helps pay to repair or rebuild your home, and personal liability policies in your home insurance coverage can pay for legal fees and medical costs if someone is hurt on your property and sues you.

  • Why is homeowners insurance so high in Texas?

    As a state on the Gulf of Mexico, Texas is vulnerable to severe tropical weather events, like hurricanes and tropical storms, which can damage homes. Plus, flooding is one of the most common disasters in the state, which can drive up home insurance prices.[5] To protect your home from flood damage, you’ll need to purchase a separate flood insurance policy, which will increase your overall insurance costs.

Methodology

Insurify’s team of data scientists analyze millions of home insurance quotes and weigh publicly available reviews, claims payout rates, complaint indexes, financial strength scores, company reputations, and proprietary quoting data. Our editorial team applies this insight to inform our unbiased reviews and recommendations.

Sources

  1. Texas Department of Insurance. "Home, flood, wind: Which policies do you need?."
  2. Texas Department of Insurance. "How are your auto and homeowners insurance costs calculated?."
  3. III. "12 Ways to Lower Your Homeowners Insurance Costs."
  4. Texas Department of Insurance. "Credit Scoring and Insurance."
  5. Texas Department of State Health Services. "Floods."
  6. National Weather Service. "Texas Hurricane History."
  7. Texas Department of State Health Services. "Wildfires."
Emily Guy Birken
Emily Guy Birken

Emily Guy Birken is a former educator, lifelong money nerd, and a Plutus Award-winning freelance writer who specializes in the scientific research behind irrational money behaviors. Her background in education allows her to make complex financial topics relatable and easily understood by the layperson.

Her work has appeared on The Huffington Post, Business Insider, Kiplinger's, MSN Money, and The Washington Post online.

She is the author of several books, including The 5 Years Before You Retire, End Financial Stress Now, and the brand new book Stacked: Your Super Serious Guide to Modern Money Management, written with Joe Saul-Sehy.

Emily lives in Milwaukee with her family.

Emily has been a contributor at Insurify since October 2022.

Ashley Cox
Edited byAshley CoxSenior Managing Editor
Headshot of Managing Editor Ashley Cox
Ashley CoxSenior Managing Editor
  • 7+ years in content creation and management

  • 5+ years in insurance and personal finance content

Ashley is a seasoned personal finance editor who’s produced a variety of digital content, including insurance, credit cards, mortgages, and consumer lending products.

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Mark Friedlander
Reviewed byMark FriedlanderDirector, Corporate Communications, Triple-I
Mark Friedlander
Mark FriedlanderDirector, Corporate Communications, Triple-I
  • Corporate communications director for Insurance Information Institute

  • 20+ years in insurance and communications

As Director, Corporate Communications for Triple-I, Mark serves as the non-profit’s national spokesperson, sharing information and education on a wide array of insurance issues.

Andrew Huang
Data reviewed byAndrew HuangVP, Marketing & Analytics
Headshot of Andrew Huang, Directory of Analytics at Insurify
Andrew HuangVP, Marketing & Analytics
  • Chartered financial analyst

  • 12+ years in data analysis and marketing

Andrew applies his vast knowledge of analytics and insurance industry trends to help inform Insurify’s content and marketing efforts.

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