5 Best Homeowners Insurance Providers in Texas

Open Ranch Farm lands large acre lot with Cozy quaint historic Home built in the 1900's in Georgetown , Texas Perfect corner shot from the top of the house - Image.
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The saying “everything is bigger in Texas” holds true for home insurance as well. With an average annual rate of $1,893, Texas is ranked as the third most expensive state for homeowners insurance, according to Insurify.

The climate in Texas can be unpredictable and risky. The Lone Star State is prone to many hazards ranging from hurricanes, tornadoes and sinkholes to heavy rainfall and flooding. For that reason, it’s vital to have homeowners insurance to protect you from significant expenses in the event of a natural disaster, theft, hail damage, fire or any other peril.

Fortunately, there are several homeowners insurance companies to choose from. Keep reading to learn about the best homeowners insurance providers in Texas and decide what’s best for your needs.

What Is the Average Cost of Homeowners Insurance in Texas?

The average cost of homeowners insurance in Texas is $1,893, but rates can differ based on your specific location and the coverage you choose. Other factors that influence the cost of homeowners insurance include age, gender, marital status, credit score and claims history.

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What To Look For in Homeowners Insurance in Texas

The homeowners insurance coverage you choose will depend on your needs and location, among other factors. A standard homeowners insurance policy includes the following types of coverage: dwelling, personal liability, personal belongings, guest medical protection, loss of use and other structures.

Apart from the standard coverages, insurers typically offer optional coverages that may be worth taking a closer look at when shopping for homeowners insurance. Such options include the following, as noted by Bankrate:

  • Flood insurance: Many parts of Texas are prone to flooding. If you live near such areas, it’s a good idea to take this coverage to help repair damages in case your home floods.
  • Hurricanes: The Gulf Coast of Texas, as well as the southeast of the state, is often hit by hurricanes. A standard home insurance policy might not provide sufficient coverage, so you may need to purchase this option separately.
  • Wind and hail damage: Tornadoes are prevalent in the northern and eastern parts of Texas, which can cause severe wind damage. If you reside in these areas, check if your coverage includes wind and hail.

5 Best Homeowners Insurance Providers in Texas

As a homeowner in the Lone Star State, you may feel overwhelmed trying to figure out which homeowners insurance companies in Texas offer the best coverage options. We reviewed the J.D. Power 2020 U.S. Home Insurance Study and selected the following top five insurers in Texas based on factors such as pricing, coverage, customer service, claims and more.

1. State Farm

State Farm is a well-known, reputable insurance provider for multiple products. You can get car insurance, motorcycle insurance, boat insurance, motor home insurance, and other types in addition to homeowners insurance.

The insurer offers a multipolicy discount if you bundle auto and home insurance policies. Other discounts include roofing, home security insurance and higher deductibles. There are additional coverage options, such as water backup, earthquake protection, identity theft protection, flood insurance and home systems protection.

What’s more, State Farm connects you with a local agent so you can get the help you need in setting up and managing your policy. Online quotes are available but may vary based on the personal information and address you provide.

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2. Allstate

Allstate is one of the top insurance providers in the country, offering various insurance products, including life, auto, business, renters and condo, along with homeowners insurance. One of Allstate’s unique features is its impressive list of coverage options that lets Texas homeowners customize their coverage options to meet their needs.

The provider offers multiple discounts ranging from multipolicy, claim-free, responsible payment to early signing and welcome discounts for new customers. You can also add coverage options to your policy, including identity theft protection, water backup, sports equipment, musical instruments, electronic data recovery, and more.

The insurer has an extensive network of local agents who can help you choose the right policy for your needs.

3. Travelers

Travelers homeowners insurance offers several optional coverages in addition to the standard coverage, so you can customize your policy to meet your specific needs. Some optional coverages include green home coverage, water backup and sump pump, contents replacement cost, identity fraud and special personal property coverage.

You can save on your home insurance by combining home and auto policies, signing up early or having a green home or protective devices, such as home security systems, smoke detectors and interior sprinkler systems.

4. Amica

Amica consistently ranks as the best insurance provider in the country, according to J.D. Power and AM Best. One of Amica’s most unique features is that its policyholders are eligible for dividends.

Amica’s standard home insurance coverage includes dwelling, personal liability, personal property, loss of use and other structures. If you need more coverage, options range from catastrophic events like floods and earthquakes to identity theft protection.

Amica offers several discounts you can take advantage of to lower your insurance premiums. You can save up to 30% when you combine home and auto insurance; get a loyalty discount if you’ve been with an insurer for at least two years; and receive a claim-free discount, plus a whole lot more.

5. USAA

USAA is an insurance provider for veterans, active military members and their families. USAA homeowners insurance covers fire, theft, liability, vandalism, weather-related events and identity theft.

When you purchase homeowners insurance from USAA, you’ll get all the standard coverage plus identity theft, military uniforms, and replacement cost coverage. You can lower your premiums by bundling auto and homeowners insurance, considering claims-free discounts, deductibles and protective device credit.

Optional coverage policies available include personal belongings, home sharing, dwelling coverage, earthquake, loss of use, personal liability and other structures like detached garages, driveways, fences and storage sheds.

Additionally, you can do everything via its mobile app. Online quotes are available. If you’re an active military member or a retired military member, USAA might be the best homeowners insurance provider in Texas to consider.

Good To Know

Before purchasing homeowners insurance in Texas, it’s a good idea to compare multiple providers. By doing so, you’ll not only find a provider that meets your coverage needs but also get the best possible deal.

Our in-house research team and on-site financial experts work together to create content that’s accurate, impartial, and up to date. We fact-check every single statistic, quote and fact using trusted primary resources to make sure the information we provide is correct. You can learn more about GOBankingRates’ processes and standards in our editorial policy.

About the Author

Lydia Kibet has been writing professionally since 2017. Her passion for helping brands in all aspects of content marketing flows through in the expert industry coverage she provides — personal finance, investing and healthcare. Her work has been featured in The Motley Fool, Investor Junkie, Green Market Report, and Medical News Today. When she’s not writing, she’s either reading, playing guitar or catching up with nature. Follow her on Twitter.

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