6+ years writing about insurance, travel, and personal finances
Contributor to brands like Credible
In addition to insurance, Nick specializes in writing about business, entrepreneurship, personal finance, and travel. He’s been featured in myriad web publications, including Fox Business.
3+ years experience in insurance and personal finance editing
Katie uses her knowledge and expertise as a licensed property and casualty agent in Massachusetts to help readers understand the complexities of insurance shopping.
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The average yearly cost of Dallas home insurance is $3,989 for $300,000 in dwelling coverage with a $1,000 deductible and $4,046 for a policy with a $500 deductible. This is much higher than the national average of $1,770 for $300,000 in dwelling coverage.
Dallas is an urban area at risk for flooding — the most common natural disaster in Texas.[1] Homeowners may need to purchase a separate flood insurance policy to satisfy mortgage lender requirements.
Here’s what you need to know about finding cheap home insurance in Dallas, including the importance of comparing quotes and coverage options.
Quick Facts
Dallas has the second-highest number of property crimes reported in Texas.
Besides flooding, other common perils in Texas include wildfires and tornadoes.
Some insurance companies offer Texans discounts for peril-proofing their homes.
Best home insurance companies in Dallas
The best insurance company for you is the one that aligns with your coverage needs and budget. Farmers, Travelers, Texas Farm Bureau Group, and Armed Forces Insurance Exchange each offer advantages for Dallas homeowners. You should always compare quotes from multiple insurance companies to find the cheapest rates.
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
▲▼
Farmers
4.2
$1,979
Cheapest rates
Armed Forces Insurance Exchange
N/A
$2,622
Natural disasters
Texas Farm Bureau Group
N/A
$2,858
Customer service
Travelers
3.9
$3,763
Recent homebuyers
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.
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.
$165/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.
$237/mo
Dallas homeowners can find some of the cheapest average home insurance rates from Farmers. Farmers also advertises 13 discount options to help you save even more on coverage, including green certifications, good payer, ePolicy, new home, protective devices, and home safety discounts.
Farmers also sells vehicle, life, and business insurance. You can earn a multiline, or bundling, discount for purchasing more than one insurance product from the company.
Pros
Lowest average rates
More than a dozen discounts
Cons
Doesn’t sell flood insurance
Low ratings on Better Business Bureau (BBB) and Trustpilot websites
Best insurer for natural disasters: Armed Forces Insurance Exchange
Flooding is the most common natural disaster in Texas, so when severe weather strikes, it’s helpful to have homeowners and flood insurance. Dallas homeowners can secure both through the Armed Forces Insurance Exchange.
The Armed Forces Insurance Exchange limits its membership to military members, certain government officials, surviving spouses, and a few other exceptions. Qualified homeowners can extend membership to their parents and children.
Pros
Offers flood insurance
Offers medical payments coverage
Cons
Restricted to specific homeowners
Must speak to an agent about coverage options
Best insurer for customer service: Texas Farm Bureau Group
Texas Farm Bureau Group has an excellent customer service reputation. The company has a below-average number of customer complaints filed with the National Association of Insurance Commissioners (NAIC) for a company of its size.
A homeowners plan through the Texas Farm Bureau Group includes coverage for the dwelling, personal property, liability, and loss of use. The company doesn’t provide specifics about any other endorsements or homeowners insurance discounts available.
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.
9.0/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
829
$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.
$314/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.
$511/mo
Travelers is the fourth-largest homeowners insurance agency in Texas by market share.[2] The company only offers five discounts, but one applies to homeowners who have purchased a home within 12 months before starting a policy with Travelers. In addition to home insurance, Travelers sells auto, renters, flood, and umbrella insurance.
Travelers received a below-average ranking for customer satisfaction in the J.D. Power 2023 U.S. Property Claims Satisfaction Study.[3]
Pros
Offers a discount for recent homebuyers
No deductibles for personal liability coverage
Cons
Only offers five discount options
Flood insurance underwritten by a third-party company
Find Cheap Home Insurance in Dallas, Texas
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Cheapest home insurance in Dallas
Farmers is the cheapest home insurance company in Dallas, with an average annual home insurance premium of $1,979 for a $300,000 dwelling insurance policy. Farmers may have the lowest averages in the city, but it might not be the best homeowners insurance company for you. It’s always best to compare prices and coverage options to ensure you get the coverage you need that fits your budget.
Here are some of the cheapest Dallas home insurance options for you to consider.
Insurance Company
▲▼
Average Annual Premium
▲▼
Farmers
$1,979
Republic Indemnity
$2,236
Armed Forces Insurance Exchange
$2,622
Texas Farm Bureau Group
$2,858
Lighthouse Property Insurance Corp
$2,943
USAA
$3,503
Travelers
$3,763
Mercury
$3,776
State Farm
$3,799
Cost of homeowners insurance in Dallas
The average cost of homeowners insurance in Dallas for a $300,000 residential dwelling coverage policy is $3,989 with a $1,000 deductible and $4,046 with a $500 deductible. Your cost of homeowners insurance will depend on your ZIP code, home value, and more.
Good to Know
General factors that most insurance companies consider when determining home insurance premiums include credit history, coverage level, age of the home, location of the home, construction of the home, proximity to fire stations, and deductible limit.
Cost of homeowners insurance by dwelling coverage amount
Homeowners insurance will always include dwelling coverage, which is the insurance that covers costs to repair or rebuild the actual structure of your home. When it comes to covered losses, dwelling coverage has a coverage limit. You can increase the limit, but that will also increase your premiums.
Compare the annual cost of homeowners insurance in the U.S. by dwelling coverage limits below.
Coverage Limit
▲▼
Average Annual Premium
▲▼
$100,000
$923
$200,000
$1,327
$300,000
$1,770
$400,000
$2,194
$500,000
$2,683
Cost of homeowners insurance by deductible
As a property owner, you’ll have to pay a home insurance deductible if you file a claim. A deductible represents the homeowner’s financial responsibility for covered damage. Even though the insurance company will cover expenses within the policy limits, a homeowner must first contribute a set amount before the insurance company covers the rest.[4]
Homeowners can usually choose to set a high or low deductible. The lower the deductible, the higher the premiums, and vice versa. Look at the following table to see how average annual premiums for a $300,000 dwelling coverage policy in Dallas change based on the deductible amount.
Deductible Amount
▲▼
Average Annual Premium
▲▼
$500
$4,046
$1,000
$3,989
How to get cheap homeowners insurance in Dallas
Finding a lower rate may be easier than you think. Some ways to save require patience, while others simply require you to pick up the phone and call your insurance agent.
Consider these four tips on how to get cheap homeowners insurance in Dallas:
Ask about discounts. You may qualify for discounted premiums if your home has a fire or burglar alarm system, a sprinkler system, or an impact-resistant roof. Some insurance agencies offer discounts for new homes, homeowners who have multiple years without a claim, and homeowners with multiple policies.[5]
Improve your credit score. Some insurance companies check your credit history and use it as a deciding factor for whether you qualify for a policy and how much you should pay. By improving your credit score, lowering your debt-to-credit ratio, and removing any inaccuracies on your credit report, you may be a more eligible candidate for homeowners insurance coverage.
Reduce certain coverage limits. Since there’s no legal limit on how much or little coverage you should carry, consider reducing limits on coverages you may not need or use anymore. For instance, if you had a high personal property endorsement to protect high-value personal belongings in your home, you can consider reducing that amount if the items decrease in value or you store them elsewhere now.
Compare rates. All homeowners insurance companies set premium rates based on diverse factors but not necessarily using the same steps. Insurer A and Insurer B may offer the exact same policy for two very different rates. That’s why it’s always important to shop around and compare quotes from multiple insurance companies before making your decision.
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Texas homeowners insurance rates by city
Texas is the second-largest state by size and population. Homeowners insurance rates vary by state, city, and ZIP code due to an area’s crime rates, home prices, and weather hazards. Even homes within the same area in Dallas may have different rates based on property value, size, and location.
Dallas has the second most reported property crimes in Texas — behind only Houston.[6] Dallas also receives snow and ice accumulation, which increases the chances of damage compared to Corpus Christi, which typically doesn’t. When it comes to fire hazards, Dallas has the second-largest fire department in the state.
The table below shows how these factors may influence average annual premiums for a $300,000 dwelling coverage policy with a $500 deductible across Texas cities.
City
▲▼
Average Annual Premium
▲▼
Austin
$2,831
Corpus Christi
$5,090
El Paso
$2,004
Fort Worth
$5,078
Houston
$5,269
How much homeowners insurance do you need in Dallas?
Texas law doesn’t require homeowners to buy home insurance. But a mortgage lender will require you to hold a home insurance policy that meets certain coverage limits to protect the property for the length of your mortgage. It’s always a good idea to have a homeowners insurance policy, even if you don’t owe money on your home. A home is one of the largest purchases a person makes in their life; insurance helps protect this investment.
Always remember that there’s no “minimum” or “maximum” amount of homeowners insurance you can choose. Policies have different coverage options and coverage limits. It’s always important that you review your policy to understand what damages it covers and what it excludes.
What are some of the biggest risks when owning a home in Dallas?
Every homeowners insurance policy outlines a list of covered or excluded perils, which are types of damages your home could incur. Home insurance typically commonly covers perils like explosions and vandalism but rarely covers damage from earthquakes or continuous water leaks. It’s important to know what perils are common in Dallas so you can have adequate coverage.
In many ways, thunderstorms are the most dangerous weather events that can cause damage to Dallas homes because thunderstorms can lead to strong winds, hail, tornadoes, lightning strikes, and flash flooding. It’s always a good idea to proactively protect your home from storm threats whenever possible.
Here are three of the most common natural disasters in Dallas:
Flooding
Flooding is the most common natural disaster in Texas. Unfortunately, most home insurance policies don’t cover damages from flooding. You’ll need to purchase a separate flood insurance policy, such as one from the National Flood Insurance Program. Keep in mind that a lender may require a flood insurance policy in addition to a homeowners insurance policy if your mortgaged property is in a flood zone.
Tornadoes
Tornadoes are a common occurrence across Texas. All types of homes are at risk of damage from their strong winds. Most standard homeowners insurance policies in Dallas include coverage for windstorms, hurricanes, and hail.
Wildfires
Wildfires are common in Texas and may spread to any area, including Dallas. Heat, smoke, and flames can damage your home. A standard home insurance policy will typically cover fire and lightning damage.
Dallas homeowners insurance FAQs
The best home insurance policy for you depends on your coverage needs, past claims history, and more. The following information should help you navigate the process of finding cheap homeowners insurance in Dallas.
How much is home insurance in Dallas?
On average, Dallas homeowners pay $3,989 per year for $300,000 in dwelling coverage with a $1,000 deductible and $4,046 for a policy with a $500 deductible. Home insurance in Dallas is much higher than the national average of $1,770 for $300,000 in dwelling coverage. Purchasing any additional coverages, like flood insurance, will come with an additional cost.
Who has the cheapest homeowners insurance in Dallas?
With an average annual premium of $1,979, Farmers has the cheapest home insurance in Dallas. The best way to find cheap coverage is to compare quotes from multiple insurers at once.
Does Dallas require homeowners insurance?
No. Texas state law doesn’t require you to purchase homeowners insurance, but your mortgage company will. Even if you’ve paid off your mortgage, you should maintain home insurance to protect your home from damage and receive legal protection if someone incurs an injury on your property.
How much is insurance on a $300K house in Texas?
The average annual cost of homeowners insurance on a $300,000 house in Texas is $3,969 for a policy with a $1,000 deductible and $4,026 for a policy with a $500 deductible.
Texas Department of Insurance. "Industry Advisory Committees Amusement Ride Regulation Bond Resources Commercial FAIR resources Financial Regulation Financial Analysis HMO Home Independent Review (IROs) Life - Health Home MCQA Home Property & Casualty Home SERFF Special Deputy Receivers Taxes/Assessments TWIA Utilization Review (URAs) Workers' Compensation Title Windstorm Inspections Top 40 List of Insurers in Texas."
J.D. Power. "Increasing Severity and Longer Repair Times for Property Claims Test Limits of Insurers’ Digital Tools, J.D. Power Finds."
Nick Dauk is a freelance writer specializing in business, entrepreneurship, personal finance, and travel. His work has been featured in Fox Business, BBC, The Edge, Business Insider, and Bisnow. Nick is a first-generation college graduate, having majored in Interdisciplinary Studies at the University of Central Florida. His eclectic coursework, combined with previous managerial roles in the retail and broadcast television industries, have helped him develop an interdisciplinary approach to writing.
For nearly a decade, Nick has created content for mom-and-pop businesses and global corporations. As a travel writer, his global adventures have also been featured on Inside Hook, Houston Chronicle, Culture Trip, and Matador. When he's not traveling, Nick can be found in Orlando spending time with his wife and toddler.
Nick has been a contributor at Insurify since October 2022.
Edited byKatie PowersAuto and Life Insurance Editor
Katie PowersAuto and Life Insurance Editor
Licensed auto and home insurance agent
3+ years experience in insurance and personal finance editing
Katie uses her knowledge and expertise as a licensed property and casualty agent in Massachusetts to help readers understand the complexities of insurance shopping.
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