Homeowners Insurance Average Cost Texas

Nebraska oklahoma south dakota and northern texas pay high home insurance rates because they live in a region known as tornado alley.

Homeowners insurance average cost texas. The potential for tornadoes and wildfires in the state also make it an expensive market for home insurance. This compares favorably to the city s average homeowners premium of 3 808. Homeowners insurance premiums in texas surpass the national average of 1 211 by a hefty 608. Homeowners in states that are prone to hurricanes hail storms tornadoes and earthquakes tend to pay the most for home insurance.

Texas homeowners insurance premiums can be higher than other states due to the number of natural disasters the state is subject to. While many factors go into calculating your rate where you live is chief among them. The sky high prices come from the higher number of claims filed in the state due to its numerous natural disasters. Texas farmers offers the most affordable home insurance in houston at just 363 per year.

Average home insurance cost in texas. Texas and florida have the most expensive average cost of homeowners insurance based on the most common policy type called an ho 3 policy. Its average cost is 1 124 or 49 more than the national average of 2 305 for the coverage level of. Like other coastal states exposed to hurricane activity texas must cope with increased risk of wind damage.

Average homeowners insurance cost by coverage level. Depending on where you live the average cost of home insurance can fall anywhere between 400 and 3 000 per year. Average home insurance cost by state. The average cost of home insurance in texas is 3 429 making texas the fifth most expensive state in the country for home insurance.

Texas has some of the most expensive homeowners insurance rates in the country. Average cost of homeowners insurance in texas. The yearly average of 1 954 or 163 a month is 61 higher than the national average. The average home insurance cost is 1 192 a year according to the national association of insurance commissioners latest home insurance report.

These costs are impacted by the unique home insurance risks for each state the amount of coverage a typical homeowner buys in each state and several other factors.