Texas Homeowners Insurance Calculator: Estimate Your Policy Cost (2024)

TABLE OF CONTENTS

• How to Estimate Your Policy Cost
• Average Cost of Home Insurance in Texas
• Average Cost of Home Insurance in Texas Cities
• Frequently Asked Questions About Home Insurance in Texas
• Methodology

How to Estimate the Cost of Your Homeowners Insurance Policy in Texas

Texas

Homeowners insurance rates in Texas fluctuate based on the location.

Insurance providers charge a different premium across each city in the state. In most cases, cities prone to incidents such as theft and fires have higher premiums since residents are highly likely to file a claim.



Dwelling Coverage

Your policy’s dwelling coverage is the amount the insurer pays towards rebuilding your home, even if it gets completely damaged, or towards repairs. In Texas, the average baseline dwelling coverage is $250K, although you may choose a different limit depending on the value of your home.

Generally, policies with a higher dwelling coverage limit cost more than those with a lower limit.



Deductible

After filing a claim, the amount you pay out-of-pocket before the insurer pays its amount is what is known as the deductible. Insurers charge a lower rate for a policy with a high deductible since the policyholder pays more in a claim.

If your claim is for $30,000 of damage and your deductible is $4,000, your insurer will pay $26,000.



Liability

If a person gets injured while in your home or their property gets damaged due to your negligence, property liability insurance will cover the incurred costs. When getting a home insurance policy in Texas, ensure that you have sufficient personal liability coverage for your assets. Typically, the higher the liability limit, the more the cost of coverage.

Personal liability covers legal expenses, replacement costs for damaged items and medical expenses, plus suffering and death benefits.



Personal Property

Personal property refers to the items you possess. Your homeowners insurance policy contains personal property coverage, which pays for the cost of replacing your damaged belongings.

You can use the calculator below to determine how much personal property coverage you need. Note that policies with a higher personal property limit cost more.



Credit Score

Your homeowners insurance partly depends on your credit score. A poor score may make insurers consider you as high-risk and more likely to file claims, thus charging you a higher premium than homeowners with good credit.

Average Cost of Home Insurance in Texas

MoneyGeek’s review of home insurance in Texas indicates that the state is one of the most expensive for a baseline dwelling coverage of $250,000 — it has the fifth highest average premium in the United States.

On average, insurers charge Texas homeowners $4,310 per year, more than the national average of $2,417 by around 78%. If you are interested in a different dwelling coverage from the baseline amount, you can use the table below to see the cost estimate for your desired coverage amount.

Average Cost of Home Insurance in Texas Cities

Frequently Asked Questions About Home Insurance in Texas

Methodology

To determine the average cost of homeowners insurance in Texas, MoneyGeek sourced pricing data from Quadrant Information Services.

MoneyGeek chose a standard home profile to provide the most reliable and relevant data for developing a thorough analysis of homeowners insurance. This standard home profile consists of the following attributes:

• Construction year: 2000
• Construction type: Frame
• Composition roof
• Three-mile radius from a fire department
• Assumed value of other structures on the property: 10% of the dwelling coverage
• Personal property coverage: 40% of the dwelling coverage
• Liability limit: $100,000
• Deductible: $1,000