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The best homeowners insurance in Texas 

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From windstorms and tornadoes to heavy rainfall and flooding, Texas’ climate can be unpredictable and risky. Whether you’re located in Houston, Dallas or somewhere else in the state, purchasing a homeowners insurance policy on your property can protect you from large out-of-pocket expenses in the event of a damaging natural disaster, hail damage, fire, theft, or other covered peril.

We researched dozens of home insurance companies, analyzing what each provider offers in terms of coverage, benefits, customer service, pricing and more (see methodology below). Keep reading to learn about the best home insurance providers in the Lone Star State and decide which insurer is best for your property.

To give you an estimate of annual home insurance rates in Texas, we included sample quotes that we received on a 2,300-square-foot single-family house outside of San Antonio with a value of around $250,000–$300,000. Since home insurance pricing will depend on your personal information, where you live and property details, we recommend getting quotes from a few different providers to compare coverage and pricing options. Fill out this quick quote form or call 855-948-5219 to find providers near you.

Top homeowners insurance companies in Texas

1. Best overall: Allstate

2. Best for new homeowners: State Farm

3. Best mobile app: Lemonade

4. Best deductibles: Travelers

5. Best for military families: USAA

1. Best overall: Allstate

Allstate is a well-known, established insurance provider with comprehensive policies, great customer service, and an extensive list of discounts and add-ons to help customize policies. One unique benefit of Allstate is the Claim RateGuard add-on that protects your premium from increasing after you make a claim.

Pros

Cons

Getting a quote doesn’t require you to give out your phone number or Social Security number

Prices can be higher than some other home insurance companies

Has a unique extended coverage option for roof surfaces replacement, which adds extra coverage to pay for roof repairs

Offers a digital inventory tool for keeping track of your covered personal belongings

Annual premium: $2,232 with a $5,000 deductible

Discounts: On-time payment, claim-free history, protective devices like alarm systems, welcome discount for new customers, auto-pay, loyalty, bundling with other policies, early signing

Additional coverage options: Roof surfaces, water backup, green improvements, building codes, identity theft protection, jewelry, watches, furs

2. Best for new homeowners: State Farm

State Farm is our top choice for new homeowners because of its helpful online resources, including the 360Value tool that estimates the replacement value of your home and prefills your quote application based on its insurance coverage recommendations. Additionally, the insurer offers a unique personal touch by directly connecting each customer with a local agent to help them set up and manage their policy.

Pros

Cons

Offers a unique discount for homes with impact-resistant roofing materials

Offers fewer discount options than other companies

Local agents may sell extra add-ons, such as daycare liability or rented personal property coverage

Its deductible options are higher than other companies and are based on a percentage of dwelling coverage

Standard policies include extra protection for personal property, such as firearms or silverware

Annual premium: $2,181 with a $3,220 deductible

Discounts: Roof type, security and fire alarm systems, claim-free history, multi-policy bundling

Additional coverage options: Loss assessment coverage for HOA charges from damaged shared space or amenities, water backup, earthquake protection, home systems, identity theft protection

3. Best mobile app: Lemonade

If you’re looking for a home insurance company in Texas that places an emphasis on connectivity through technological features, consider Lemonade. The company has a mobile app with artificial intelligence software for claim filing and processing, allowing customers to easily manage their policies. Lemonade is also committed to the community, donating unused insurance premiums to charities each year.

To receive a quote from Lemonade, fill out this online form.

Pros

Cons

Has a user-friendly website and mobile app

Customers must have a mortgage to qualify for a policy

Standard policies include extra coverage for computers and mobile devices

Doesn’t cover attacks from high-risk dog breeds

Offers cheaper policies than other home insurance providers

Annual premium: $1,467 with a $2,500 deductible

Discounts: Home safety features like an alarm system, fire safety equipment and devices, gated community, proximity to fire station and hydrants, building frame type

Additional coverage options: Unmarried significant other, water backup, swimming pool liability, specific coverage for high-value items including fine art, bikes, cameras and musical instruments

4. Best deductibles: Travelers

When you sign up for a Travelers home insurance policy, you get to choose between nine deductibles that range from $1,000 to $50,000, allowing you to customize your premium rate based on your selection. Additionally, Travelers offers a Decreasing Deductible add-on benefit that lowers your deductible by $100 each year that you keep your policy, making your claims cheaper without increasing your policy’s premium.

Pros

Cons

Offers 24/7 claims reporting

Offers fewer discount options than competitors

Bundling discount saves up to 10% on premiums

Has fewer add-on options than competitors

Has an easy quote tool that doesn’t require your phone number or Social Security number

Annual premium: $1,819 with a $1,000 deductible

Discounts: Bundling with auto insurance, early quote and sign-up before current policy expires, claims history, protective devices like fire alarms

Additional coverage options: Replacement cost, equipment breakdown, roofing and siding matching, identity theft

5. Best for military families: USAA

USAA is a great selection for qualifying U.S. Armed Forces members and their families. Policyholders have access to a variety of financial services, tools and benefits, including home insurance, car insurance, banking, loans and local discount coupons.

If you’re not eligible for a USAA membership, use this form or call 855-948-5219 to find other home insurance providers near you.

Pros

Cons

Its website features an online chat for customer service

Only available to service members and their families

Offers an add-on for military uniform replacement

To get a quote, you must show proof of military membership and submit detailed personal information

Provides multi-policy bundling discounts

Annual premium: Depends on personal information and eligibility — membership is required

Discounts: Payment history, weather-resistant roofing, new building or renovations, home protection devices and systems, multi-policy bundling, adjustable deductible

Additional coverage options: Identity theft, earthquake insurance, increased coverage limits for personal property and dwelling, military uniform replacement

The bottom line

Each of these companies offers comprehensive policies that can protect your home and personal belongings in the event of a covered peril. While Lemonade has a user-friendly app and the cheapest premiums, Allstate provides the best overall coverage for standard policies and offers a handful of discounts and add-ons.

Before signing up for a home insurance policy, we recommend getting quotes from a few providers to compare pricing based on your location and personal information. Get a quote online or call 855-948-5219 to compare pricing in your area.

How to get flood insurance in Texas

Homeowners insurance doesn’t cover damages from floods unless you have an add-on endorsement in your policy that covers floods. In Texas, homeowners who want flood protection must purchase flood insurance from the National Flood Insurance Program (NFIP).

The NFIP is provided by the Federal Emergency Management Agency (FEMA) and writes flood insurance policies that are sold through insurance agents from a variety of companies. To purchase an additional flood insurance policy from your homeowners insurance provider, contact your agent. If your agent doesn’t sell underwritten policies from NFIP, you can contact the department directly to see how you might qualify for a purchase.

Although flood insurance isn’t required by the state, many Texas homeowners are instructed by their lender to purchase a flood insurance policy if they live in a dedicated flood zone. According to the Texas Department of Insurance (TDI), the average cost of a flood insurance policy is around $700 a year, and it typically includes up to $250,000 of replacement coverage for your home.

Frequently asked questions

How much does home insurance cost in Texas?

Based on the Insurance Information Institute’s most recent report in 2018, the average home insurance rate in the state of Texas was $1,955, which is $706 higher than the national average of $1,249.

How do I get a Texas homeowners insurance quote?

Although some homeowners insurance companies may require you to contact an agent for a quote, most providers offer policy details and pricing through online quote tools without requiring much personal information. To get an instant quote from providers in your zip code, use this online tool or call 855-948-5219.

Does homeowners insurance cover mold?

Mold would only be covered by your homeowners insurance policy if it was caused by a covered event. For example, if a storm with heavy rainfall caused water to leak into your house, soaking your walls or floors and causing mold to form, the damage would be covered. Some companies offer extra mold and fungus protection as an add-on for an upcharge to your premium.

Our methodology

We surveyed dozens of home insurance providers and created a scoring system to judge each company’s quality and service. We reached out for sample quotes, both over the phone and on the internet, to simulate a real customer experience. Here are the factors accounted for in our provider reviews:

  • Coverage (20%)

  • Customer service (15%)

  • Technology (15%)

  • Reputation (15%)

  • Additional benefits (15%)

  • Cost (20%)

Companies with the best customer service exhibit 24/7 availability, educational resources on their website, useful digital tools and a seamless claims-filing process. To score reputation, we compared data from each company’s Better Business Bureau page, customer reviews, registered complaints and years of experience.

Additionally, we dug into specific quotes and policy details to determine the value that each company offers in coverage, cost and additional benefits. Providers that offer extensive discount options, endorsements, customizable coverage options and unique features score significantly higher than those that don’t, putting them toward the top of our recommendations to readers.

Source: on 2021-04-28 18:04:03

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