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Best Lubbock, Texas, Homeowners Insurance Quotes (2025)

Farmers, State Farm, and Travelers offer some of the best homeowners insurance policies in Lubbock, Texas.

Lindsay VanSomeren
Written byLindsay VanSomeren
Lindsay VanSomeren
Lindsay VanSomeren

  • 8 years in insurance and personal finance writing

  • Former data scientist for U.S. Geological Survey

Lindsay is a freelance personal finance writer currently pursuing her Series 65 license. She enjoys helping readers learn money management skills that improve their lives.

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Chris Schafer
Edited byChris Schafer
Chris Schafer
Chris SchaferDeputy Managing Editor, News and Marketing Content

  • 15+ years in content creation

  • 7+ years in business and financial services content

Chris is a seasoned writer/editor with past experience across myriad industries, including insurance, SAS, finance, Medicare, logistics, marketing/advertising, and many more.

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The average annual cost of home insurance in Lubbock, Texas, is $2,690 for a $300,000 policy with a $1,000 deductible. While the cost of living is relatively low in Lubbock, it’s especially important to ensure you have adequate protection from wind and hailstorms.[1] After all, a 1970 Lubbock tornado was the original inspiration for creating the Fujita tornado scale.[2]

If you’re looking for home insurance in Lubbock, here’s what you need to know to make an informed decision.

Quick Facts

  • Farmers, State Farm, and Travelers are three major insurers offering affordable home insurance in Lubbock. 

  • Lubbock residents may be eligible for a discount of up to 10% on flood insurance.

  • Homes cost less in Lubbock, which helps reduce insurance costs. Still, the city is vulnerable to many climate disasters.

Best home insurance companies in Lubbock

Since almost 160 insurance companies sell home insurance in Texas, you’ll have plenty of coverage options to choose from. It can be tough to find the best insurance company for you — especially since each offers different pricing, options, and customer satisfaction ratings. 

As you begin your search, here are three companies that work well for many Lubbock homeowners.

Best company for financial stability: 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.
8.2/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
643
$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.
$183/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.
$261/mo

The many claims Texas homeowners file after widespread storms roll through places like Lubbock can put stress on any insurer. That’s an especially important point given that State Farm insures one out of five homes in Lubbock. But State Farm has the highest possible financial stability rating, meaning it can pay its claims.

Pros

  • AM Best financial strength rating of A++ (Superior)

  • Offers discount for impact-resistant roofing

Cons

Best company for exceptional customer service: Chubb

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.
7.8/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
688
$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.
$230/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.
$361/mo

If you own a high-value home, you may consider Chubb home insurance. It’s more expensive, but it has a reputation for providing top-notch service for homeowners. Chubb also focuses on prevention and will send risk-assessment professionals to your home to give you personalized feedback on potential improvements.

Pros

  • First-rate service and high liability coverage

  • Highest J.D. Power rating for customer satisfaction

Cons

  • Very expensive policies

  • Must work with an agent to get a quote and buy a policy

Best company for cheap home insurance: Farmers

cheap home insuranceFarmers logoFarmers

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.
8.4/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
609
$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.
$216/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.
$365/mo

Farmers offers cheap home insurance without forcing you into a cookie-cutter solution. You can choose exactly what you need. If you’re worried about price markups after a major storm or inflation, for example, you can add on extended replacement coverage, which will cover you even if prices rise up to 25%.

Pros

  • Many available discounts and coverage options

  • Many coverage options to help with storms

Cons

  • AM Best financial strength rating of A (Excellent) is lower than some competitors

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

  • Our editorial team analyzed regional and national home insurance companies that sell policies in Lubbock to assess which offer the best rates, coverage options, customer service, and savings to homeowners. We prioritized competitive rates, 24/7 customer service, homeownership discounts or bundling options, and specialty or supplemental coverages.

Cheapest home insurance companies in Lubbock

The right insurance policy should provide peace of mind that your home and family stay protected without draining your wallet. You can compare rates below for the cheapest companies in Lubbock.

Insurance Company
sort ascsort desc
Average Annual Premium
sort ascsort desc
Allstate$3,950
AmGUARD Insurance Company$3,710
Armed Forces Insurance Exchange$1,664
ASI$554
Bankers Insurance Group$2,727
Chubb$9,667
Farmers$499
Foremost$1,761
Mercury$1,171
Nationwide$2,755
Republic Indemnity$942
State Farm$1,024
Texas Fair Plan Association$1,495
Texas Farm Bureau Group$2,587
Travelers$1,395
Universal Insurance Company of North America$6,854
USAA$2,515

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How much is home insurance in Lubbock?

The average annual rate for a homeowners policy in Lubbock is $2,690. But your exact insurance rates will depend on the insurance company and coverage options you choose. Each insurer has a different way of calculating your insurance rate based on things like your ZIP code, your home’s age, building materials, and even your credit history.[3]

Cost of home insurance by dwelling coverage in Texas

Most lenders require you to buy a homeowner policy with enough dwelling coverage to pay off the cost of your mortgage. Experts recommend buying coverage that provides enough to pay for the replacement cost of your home, which is typically higher.

You’ll pay more for a higher coverage limit, but it may be worth it depending on your situation.

Coverage Limit
sort ascsort desc
Average Annual Premium
sort ascsort desc
$100,000$2,037
$200,000$3,464
$300,000$4,789
$400,000$6,005
$500,000$7,279

Cost of homeowners insurance by deductible amount

Your deductible is another factor that affects your total cost. A deductible is the amount you’re responsible for paying before your homeowner policy kicks in to cover the rest. Higher deductibles mean you pay more when you file a claim, but you’ll pay lower premiums overall.

When comparing rates, keep in mind that many insurers charge separate deductibles for wind and hail damage in storm-prone areas like Lubbock because the risk is so much greater.

Deductible Amount
sort ascsort desc
Average Annual Premium
sort ascsort desc
$500$2,728
$1,000$2,690

Average cost of home insurance in other cities in Texas

The cost of home insurance varies a lot depending on where you live, as you can see when comparing rates in different Texas cities below.

This is because different areas have different risks, even if you’re insuring an identical home. Lubbock is particularly vulnerable to damage caused by things like wildfires, floods, and tornadoes, which tends to raise costs overall.

Here, you can see how rates fluctuate in different Texas cities for policies with $300,000 in dwelling coverage.

City
sort ascsort desc
Average Annual Premium
sort ascsort desc
Austin$3,153
Brownsville$5,579
Dallas$4,978
El Paso$2,227
Fort Worth$5,458
Frisco$4,744
Houston$5,980
Ingleside$5,803
Lubbock$2,690
San Antonio$3,443
Sugar Land$6,524

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What to know about owning a home in Lubbock

Homes in Lubbock typically cost less than those in the rest of the U.S., meaning most people won’t need to buy as much personal property or liability coverage if they need home insurance.

But Lubbock homeowners face unique challenges that other homeowners don’t have to deal with, especially related to the weather. You may need to buy additional coverage options for flood damage, for example, which isn’t covered in a standard home insurance policy. You’ll also need to factor separate wind and hail deductibles into your budget when comparing rates.

A good independent insurance professional can help you evaluate your specific needs and coverage options and then provide customer service for the company they’ve matched you up with. They can also sell supplemental policies, such as flood insurance.

Lubbock home insurance FAQs

You can save money by taking some time to research your options for homeowner policies. Here’s some additional information that can help as you research your coverage options.

  • The average annual premium for a policy covering a $300,000 home in Lubbock is $2,690, according to Insurify data. Parts of Lubbock sit within a flood plain, so you may need to buy a separate flood insurance policy, too. The city government participates in flood planning efforts that help pay Lubbock residents back with a discount of 5% to 10% on their flood insurance policy.

  • Farmers offers the lowest-cost insurance policies, with an average annual premium of $554 on a $300,000 home, according to Insurify’s data specialists. State Farm also offers affordable insurance rates, with an average annual premium of $1,024 — and it has a higher customer satisfaction rating, too.

  • The average annual cost to insure a $300,000 home in Texas is $4,789, according to Insurify data. In Lubbock, the average annual rate is only $2,690.

  • Many insurers offer a discount if you invest in impact-resistant roofing or other weather protection. This can help prevent damage caused by Lubbock’s epic storms. Other ways to save money include comparing rates among insurers, raising your deductible, and building good credit.

Sources

  1. Lubbock Economic Development Alliance. "AFFORDABLE LIVING IN LUBBOCK, TEXAS."
  2. National Weather Service. "NWS Lubbock, TX Local Weather Events: The 1970 Lubbock Tornado."
  3. National Association of Insurance Commissioners. "Homeowners Insurance."
Lindsay VanSomeren
Lindsay VanSomeren

Lindsay VanSomeren is a freelance personal finance writer living in Suquamish, WA. Her work has appeared with FICO, Credit Karma, The Balance, and more. She enjoys helping people learn how to manage their money better so they can live the life they want.

Lindsay has been a contributor at Insurify since October 2022.

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Chris Schafer
Edited byChris SchaferDeputy Managing Editor, News and Marketing Content
Chris Schafer
Chris SchaferDeputy Managing Editor, News and Marketing Content

  • 15+ years in content creation

  • 7+ years in business and financial services content

Chris is a seasoned writer/editor with past experience across myriad industries, including insurance, SAS, finance, Medicare, logistics, marketing/advertising, and many more.

Read Editorial Guidelines

View Full Bio

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