5 Best Waco Homeowners Insurance Companies (2025)
Chubb and Travelers are two of the best insurers to consider if you own a home in Waco, Texas.
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Written byAmy Beardsley
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3+ years writing about auto, home, and life insurance
7+ years in personal finance and technology
Amy specializes in insurance and technology writing and has a talent for transforming complex topics into easy-to-understand stories.
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Edited byBecky Helzer
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Becky Helzer is an editor at Insurify. She loves helping writers express their ideas clearly and authentically. With a diverse background in editing everything from curriculum and books to magazine articles and blog posts, she’s worked on topics ranging from home finance, insurance, and cloud computing to the best tools for home improvement.
A proud graduate of Colorado State University with a degree in technical journalism, Becky lives in Fort Collins, CO, with her husband and their two spoiled rescue dogs.
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Table of contents
In Waco, Texas, homeowners pay about $3,528 per year for a homeowners insurance policy with $300,000 in coverage and a $1,000 deductible. While Waco is known for its lively cultural district, it also experiences extreme weather, including high winds and hot summers.
Nearly every home in Waco is at risk of wildfire, and about one in six properties face the threat of flooding.[1] [2] This mix of perils can result in higher insurance premiums, but plenty of Waco home insurance companies offer coverage to fit your budget.
Quick Facts
Homeowners in Waco pay an average of $3,390 per year for $300,000 in coverage with a $500 deductible.
Waco home prices are up about 8% in 2025, which means higher insurance costs.
Waco doesn’t get Federal Emergency Management Agency (FEMA) rate breaks, so flood insurance in the area is more expensive.
Best home insurance companies in Waco
As a Texas homeowner, you have almost 160 different home insurance companies to choose from.[3] The best home insurance company for you depends on your insurance requirements, budget, and location.
Chubb: Best for protection against wildfires
ChubbCompare 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 |
|---|---|
| A.M. Best A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A++ |
| $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. | $714/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. | $978/mo |
Chubb is worth looking at if you live in an area at higher risk for wildfires. It partners with Wildfire Defense Systems to help protect your home at no additional cost.
Chubb offers tips to keep your home safe from wildfire, as well as professionals who can assess your home and identify protective measures. If a wildfire damages your Waco home, Chubb’s Wildfire Defense Services helps clean up afterward.
Pros
Extended replacement cost option
Among the highest scores by J.D. Power for customer and claims satisfaction
Texas policies include wildfire protection
Cons
Wildfire Defense Services require enrollment
No instant online quotes
Better protection can mean higher prices
Travelers: Best for personalized coverage
TravelersCompare 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 |
|---|---|
| A.M. Best A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A++ |
| $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. | $211/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. | $353/mo |
Travelers may be your best bet for custom coverage. You can add protection for water backup, identity fraud, and rebuilding your home with eco-friendly materials.
If you have a flood-prone property in Waco, you can purchase coverage through Travelers’ partner Neptune Flood. This flood insurance company offers coverage limits that exceed what you’d get with the National Flood Insurance Program (NFIP).
Pros
Flexible protection to match your needs
Available flood coverage offers higher limits
Many local insurance agents
Cons
Add-ons can raise your premium
Mobile app doesn’t work well on Android devices
Below-average J.D. Power claims and customer satisfaction ratings
USAA: Best for military families and veterans
USAACompare 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. | 8/10 |
|---|---|
| A.M. Best A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A++ |
| $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. | $213/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. | $312/mo |
Military families and veterans in Waco and nearby Fort Hood can get protection with USAA home insurance. The company offers wildfire protection, an add-on to protect against water backup, and the ability to increase coverage limits. Plus, bundling discounts can lower your home and auto insurance premiums.
Pros
High J.D. Power ratings for claims and customer satisfaction
Includes wildfire protection
Extra protection available for jewelry and high-value items
Cons
Available only to military members, veterans, and their families
Not as many available discounts
Limited face-to-face assistance
Amica: Best for customer service
AmicaCompare 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 |
|---|---|
| A.M. Best A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A+ |
| $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. | $116/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. | $176/mo |
Amica earns a top spot among Waco homeowners who value customer service along with quality coverage. The company is ranked among the top two by J.D. Power for customer and claims satisfaction.
To enhance a basic homeowners insurance policy, you can add replacement cost coverage. Or you can upgrade to the Platinum Choice package for the most extensive coverage. Amica also offers protection from backed-up drains or pump failures and an electronics coverage option.
Pros
High marks for customer service
Flexible coverage options
Simple discount opportunities
Cons
Must call for home insurance quotes
Replacement cost coverage isn’t standard
No in-person agents in Waco
Allstate: Best for home insurance discounts
AllstateCompare 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 |
|---|---|
| A.M. Best A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A- |
| $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. | $354/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. | $573/mo |
Allstate makes cheap home insurance easier to find. Discounts from Allstate can help offset the nearly 19% jump in home insurance premiums Texans saw in 2024.[4]
You can get a discount just for switching to Allstate home insurance. Other circumstances, like being a recent homebuyer or installing home security or fire protection devices, give you more ways to save.
Pros
Save 25% by bundling home and auto insurance
Quick online claims filing
Many add-ons to personalize your coverage
Cons
Very few agents in Waco
May need to provide receipts for theft claims
Below-average J.D. Power customer and claims satisfaction ratings
Our editorial team analyzed regional and national home insurance companies that sell policies in Waco 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.
How much is home insurance in Waco?
A standard homeowners insurance policy in Waco costs around $3,528 per year for $300,000 in coverage with a $1,000 deductible. That’s less than the statewide average of $4,140 per year.
Factors like your home’s age, what it’s made of, and where you live affect how much you pay. But personal details like your credit history and past claims can also push your home insurance cost up or down.
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Cheapest home insurance companies in Waco
You can often find a good deal by comparing home insurance companies. Your chosen coverage levels, deductible, policy type, and discounts can lead to different quotes. In the table below, you can see some of the cheapest home insurance companies in Waco.
The below rates are estimated rates current as of: Tuesday, October 7 at 12:00 PM PDT.
Insurance Company  | Average Annual Premium |
|---|---|
| Republic Indemnity | $900 |
| Farmers | $1,668 |
| Travelers | $1,740 |
| USAA | $1,932 |
| Mercury | $1,944 |
| Foremost | $2,568 |
| State Farm | $2,796 |
| Allstate | $2,796 |
| Nationwide | $3,300 |
| Chubb | $5,820 |
The below rates are estimated rates current as of: Tuesday, October 7 at 12:00 PM PDT.
Insurance Company | Average Annual Premium |
|---|---|
| Republic Indemnity | $2,208 |
| Farmers | $3,468 |
| USAA | $3,744 |
| Mercury | $4,188 |
| Travelers | $4,236 |
| State Farm | $4,704 |
| Foremost | $6,204 |
| Nationwide | $6,792 |
| Allstate | $6,876 |
| Chubb | $11,736 |
The below rates are estimated rates current as of: Tuesday, October 7 at 12:00 PM PDT.
Insurance Company | Average Annual Premium |
|---|---|
| Republic Indemnity | $3,204 |
| Farmers | $4,380 |
| USAA | $5,148 |
| Mercury | $6,132 |
| Travelers | $6,288 |
| State Farm | $6,300 |
| Foremost | $9,156 |
| Allstate | $9,384 |
| Nationwide | $9,480 |
| Chubb | $15,552 |
How much homeowners insurance do you need in Waco?
Home insurance coverage is never one-size-fits-all. The best insurers offer a range of policy limits, deductibles, and coverages to fit your property insurance needs.
A homeowners insurance policy typically has six parts:
Dwelling coverage
Dwelling coverage protects the structure of your house. It covers perils like fire, hail, wind, theft, vandalism, and smoke damage. It’s essential to have sufficient coverage to rebuild your home if it’s damaged or destroyed. Since your coverage amount is based on your home’s replacement cost and not its market value, an insurance agent can help you determine how much coverage you need.
Personal property coverage
Personal property coverage protects your belongings from the same perils listed above. Policy limits are typically between 50% and 70% of your dwelling coverage amount.
Other structures coverage
Other structures coverage protects detached garages, fences, and sheds. Insurance companies usually cap other structures coverage to 10% of your dwelling coverage limit.
Additional living expenses coverage
Also known as loss of use coverage, this insurance pays for hotel and meal expenses if you’re displaced after a covered loss, such as a wildfire.
Medical payments coverage
Medical payments coverage helps pay for guest injuries at your home, regardless of fault. Coverage typically ranges from $1,000 to $5,000.
Liability coverage
Personal liability insurance helps pay for medical expenses, legal fees, and any judgments if you or a family member causes injury or property damage to a third party.
What to know about home insurance in Waco, TX
Homeowners in Waco face specific challenges. Keep the following details in mind as you shop for homeowners insurance in Waco, Texas:
Home values are climbing. Waco home prices are up more than 8% compared to 2024. Higher home prices usually lead to higher insurance costs.
Wildfire hazards are everywhere. Waco homes have a wildfire risk that’s greater than 74% of other places in the U.S. Standard home insurance policies cover wildfire losses.
Flood insurance costs extra. A standard homeowners policy doesn’t cover flood damage, so you’ll need to buy a policy from a private insurer through the NFIP. Waco homeowners can’t get discounts on a flood insurance policy because the area isn’t part of FEMA’s Community Rating System (CRS).
Tornadoes may require a separate deductible. Waco sits on the eastern edge of Tornado Alley. While most homeowners insurance policies cover wind and hail, you may have to pay a separate deductible for those claims.
Termite infestations are on the rise. Central Texas termite infestations are becoming more common. Termites are a serious concern for homeowners, and standard insurance policies don’t cover termite damage.
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Average cost of home insurance in other cities in Texas
It’s common to see home insurance quotes shift from city to city. Wildfire risk, flood zones, crime rates, and even the number of fire stations in the area affect how much you pay. These factors can cause price differences even between ZIP codes in the same city.
The following table shows average annual homeowners insurance premiums in several major Texas cities:
The below rates are estimated rates current as of: Tuesday, October 7 at 12:00 PM PDT.
City | Average Annual Premium: With $300,000 in Dwelling Coverage |
|---|---|
| El Paso | $1,944 |
| Austin | $2,784 |
| San Antonio | $3,156 |
| Dallas | $4,368 |
| Lubbock | $4,440 |
| Houston | $5,244 |
| Corpus Christi | $6,108 |
Waco homeowners insurance FAQs
Before you pick a homeowners policy, make sure you understand what’s covered. The answers to frequently asked questions below can provide some additional information.
On average, Waco homeowners spend about $3,528 per year for a policy with $300,000 in coverage and a $1,000 deductible, according to Insurify data. You’ll pay more if you add a flood insurance policy, water or sewer backup coverage, or higher coverage limits for valuables like jewelry or fine art.
Republic Indemnity offers the lowest average premium in Waco, at $111 per month for $300,000 in coverage with a $1,000 deductible. Your rates will vary depending on your home’s value, location, and the coverage you choose, among other factors.
There’s no single “best” home insurance company for everyone. But Chubb, Travelers, USAA, Amica, and Allstate are all great insurers for Waco homeowners. The best company for you depends on your home’s features, your coverage needs, and your budget.
In most states, including Texas, insurance companies can consider your credit-based insurance score when setting rates. A better credit history can help you qualify for lower rates because insurers see it as a sign that you’re less likely to file claims down the road.
Home insurance for a $400,000 house in Waco averages $4,416 per year for a policy with a $1,000 deductible. Your actual cost depends on your coverage choices, deductible, and location.
Methodology
Insurify data scientists analyzed rates from more than 180 home insurance companies sourced directly from Insurify’s partner companies and Quadrant Information Services. Rates span all 50 states and Washington, D.C., and quote averages represent the mean price for a given coverage level and geographic area. To ensure data reliability, only insurers meeting minimum quote thresholds were included in the analysis.
Unless otherwise specified, quoted rates reflect the average cost for homeowners with no prior claims and good credit with a home construction year of 1980. The default coverage assumptions include:
Default Coverage Assumptions
- Dwelling coverage: $300,000
- Deductible: $1,000
- Personal property limit: $25,000
- Liability limit: $300,000
Additional data points beyond these default values are sourced from Insurify’s proprietary database. Rates are updated monthly.
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Sources
- First Street Technology. "Does Waco have Wildfire Risk?."
- First Street Technology. "Waco Flooding Risk."
- Texas Department of Insurance. "State insurance commissioner urges Texans to shop for home insurance."
- Texas Department of Insurance. "Auto and home insurance rate changes."
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Amy BeardsleyInsurance Writer
Amy is a personal finance and technology writer. With a background in the legal field and a bachelor's degree from Ferris State University, she has a talent for transforming complex topics into content that’s easy to understand. Connect with Amy on LinkedIn.
Amy has been a contributor at Insurify since September 2023.
Becky Helzer is an editor at Insurify. She loves helping writers express their ideas clearly and authentically. With a diverse background in editing everything from curriculum and books to magazine articles and blog posts, she’s worked on topics ranging from home finance, insurance, and cloud computing to the best tools for home improvement.
A proud graduate of Colorado State University with a degree in technical journalism, Becky lives in Fort Collins, CO, with her husband and their two spoiled rescue dogs.