Get Austin, TX Home Insurance Rates!
Austin is a great place to call home. We have a legendary live music scene, a unique culture and great nightlife. Whether you are headed downtown for a night out with friends, or over to Rainey where bungalow bars are a great place to relax and enjoy a drink, Austin is a wonderland of fun.
Austin is also a great place to raise a family with plenty of outdoor and family activities. You can hit the Lady Bird Lake Hike and Bike Trail to enjoy some biking and then cool off in lake. Austin gets 300 days of sunshine and the temperature averages a perfect 68 degrees so outdoor activities are always on the menu in Austin.
Austin is the capitol of the Lone Star state and the fourth biggest city in Texas with a population of 912,791 according to the Census Bureau. In Austin, where the average elevation is only 500ft there are roughly 8,364 households per zip code with an average of 3 people per house. Austinites have a median household income of $63,572 according to Forbes.com and the median home price is a very reasonable $206,000.
Home prices can vary dramatically depending on where you end up buying in Austin. According to Trulia, popular neighborhoods such as McKinney and Steiner Ranch have average listing prices of $239,000 and $519,701.
Homeowners Insurance in Austin
When it comes to homeowners insurance, Austin is anomaly when compared to the rest of Texas. The Lone Star state ranks number three, behind Florida and Louisiana for the most expensive homeowners insurance in the country. The average cost of a homeowners policy is $1,661 or about 60 percent higher than the national average of $1,034.
Austin, however, is much closer to the national median with the average premium in Austin running $1,036 a year. Our low crime rate could have something to do with the lower cost.
If you are unhappy with the cost of your homeowners insurance one great way to lower it is to shop your coverage. Experts recommend shopping your homeowners coverage on a yearly basis to ensure you are getting the best rates. Get a quote from at least five insurers and make sure you are comparing apples to apples in regards to the deductible and coverage levels. At GetHomeInsuranceQuotes.com, we can shop up to 12 major home insurance carriers that provide affordable rates and coverages for your home in Austin, TX. Enter your Austin zip code today to compare rates and review the available coverages available to you.
Factors to Consider in Austin
Austin has one of the lowest crime rates in Texas ranking 21st out of 24 Texas cities. The murder rate comes in at 2.8 per 100,000 which is by far the lowest of the biggest four cities in Texas. Crime rates differ by neighborhood so make sure you check out the crime rate of any neighborhood you are considering before putting an offer in on a house.
Weather can also be an issue in Austin. Tornadoes hail storms, and flooding do happen and if you live in an area that is prone to flooding, its possible that you will need to carry a separate flood insurance policy. A flood insurance policy can be expensive so make sure you get a quote for coverage before making an offer on a home located in a flood plain.
Certain home improvements can help lower the cost of homeowners insurance. A monitored alarm system, storm shutters and sprinkler systems can result in a hefty discount so if you have made security improvements to your home, be sure to contact your insurer and let them know.
If you are considering a move to Austin, you are making a great decision. Once you have found a home, we can help find the perfect homeowners insurance policy. Our national insurance partners are top-rated and will provide you with their best rates.
Compare Homeowners Insurance Rates in Austin, TX!
Get up to 12 competitive Austin, TX homeowners insurance rates all in one place!
About Our Service in Texas
We are providing the most competitive homeowners insurance rates in Texas. Our quoting process is very quick and easy to use when you want to compare over 16 competitive rates all in one place. Our office is located in the heart of Austin, Texas and we are ready to help you compare the most affordable home insurance options and discounts with the most enhanced coverage options. Our rates will be generated from companies like: American Risk Insurance, Bankers Insurance Group, Centauri, Cypress Texas Insurance, Encompass Insurance, GeoVera Specialty, Gulfstream Property & Casualty, Home Owners of America, Lighthouse Property Insurance, Mission Select, TWICO, Universal North America (UIHNA), United property and casualty, Wellington, American Modern, Safeco and many more. Let us help you shop the lowest Texas rates available, start your quote online now or give us a call at 877-480-7274. We look forward to working with you!
Average Rates Nearby Austin
Are you looking for homeowners insurance in a city near Austin? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!
- Del Valle, TX Home Insurance Quotes
- Leander, TX Home Insurance Quotes
- Manchaca, TX Home Insurance Quotes
- Manor, TX Home Insurance Quotes
- Pflugerville, TX Home Insurance Quotes
- Spicewood, TX Home Insurance Quotes
Home Insurance Rates by Zipcode in Austin, TX
Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Austin.
78701, 78702, 78703, 78704, 78705, 78712, 78717, 78719, 78721, 78722, 78723, 78724, 78725, 78726, 78727, 78728, 78729, 78730, 78731, 78732, 78733, 78734, 78735, 78736, 78737, 78738, 78739, 78741, 78742, 78744, 78745, 78746, 78747, 78748, 78749, 78750, 78751, 78752, 78753, 78754, 78756, 78757, 78758, 78759,
Austin, TX Home Insurance Average Premiums
For the city of Austin, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.
|Coverage Amount:||Annual Premium|
|1800 sq. ft. or below |
|Average Coverage:||$1405 /yr.|
|2600 sq. ft. or higher |
(all discounts applied)
What is the average home insurance cost for a home in Austin, TX?
- • The average homeowners insurance premium paid annually for a home in Austin is around $1405 per year.
What does it cost on average per month for home insurance in Austin, TX?
- • Homeowners in Austin pay an average cost per month around $117.00 for insurance coverage.
Austin, TX - 2023 Housing Information
|Month||Current Home Value (2023)||Last Year Home Value (2022)|
Homeowners insurance will help cover the cost to repair or replace your Austin home if it is damaged or destroyed by a covered peril, up to your coverage limits. A homeowners policy is made up of a few different coverages. Here are the most common coverages:
- Dwelling: This coverage will pay to repair or replace the structure of your home if it is damaged or destroyed. Review and Calculate Replacement Cost Coverage in Austin
- Liability: This coverage will help cover medical and legal bills if someone is injured in your home, slipping on an icy sidewalk for example. It also offers protection if you damage another person’s property, your child hitting a baseball through a neighbor’s window for example.
- Contents: This covers the cost to replace your personal possessions that are destroyed by a covered peril. Furniture, electronics, clothing and household goods are excellent examples. Contents coverage is often capped at 50% to 70% of your dwelling coverage.
- Other Structures: This coverage protects other structures on your property such as detached garages, outbuildings, barns, and sheds.
- Loss of use: This covers everyday costs that you incur if you cannot live in your home while it is being repaired due to a claim. It will pay hotel and restaurant bills and even the cost of dry cleaning.
Get up to 12 competitive Austin, TX homeowners insurance rates all in one place!
Saving Money Tips on Austin Home Insurance
A great way to save money on Austin homeowners insurance is to make sure you are getting all the discounts you are qualified to receive. Here are just a few of the most common discount’s insurers offer:
- Bundling: If you purchase your home and auto (or any other insurance coverage) from the same insurer, you should get a bundling discount. Expect to save 20%-25%.
- Secure your home: Adding a monitored security system, water leak sensors, deadbolts, and smoke detectors should result in a discount.
- Impact resistant roof: If you are replacing your roof, consider impact resistant roofing materials which help prevent hail and impact damage as well as resulting in a significant discount.
- Stay claim free: If you have been claim free for a number of years (five is a common requirement) your insurer should offer a claim free discount.
Are you shopping for the best rate near or wihin the Austin area? Check out what homeowners are paying on average for Texas homeowners insurance.
Elevation Review for Coastal Wind or Flooding Risk
|730 ft.||This is the average home elevation in Austin, TX||
Did you know that the elevation in which your home resides is crucial to a home insurance policy because it determines the risk factor related to your home being in a flood zone. It is important to understand that your home is not covered for floods under a standard homeowners policy. You will need to speak with a local Texas flood insurance agent about a flood insurance policy, please give us a call now at 888-620-1954.
To get online quotes on your home and compare rates on home insurance premiums in Austin, enter your zip code above and easily complete our online quoting application. Remember, it's important to speak with us about additional home insurance discounts so you can get the best rate for your home in Travis County.
Texas Homeowners Insurance News & Information
9% Predicted Jump in Home Insurance Rates in 2023 Posted on Tuesday 25th April, 2023
According to a new report by online marketplace Insurify, average homeowner insurance premiums are headed up again in 2023. The report predicts that the average cost of homeowners insurance could jump up 9% which translates into about $150 increase for most homeowners. The pain will not be distributed equally, homeowners in some states will see […]
Get Cheaper Home Insurance by Using These Great Saving Tips Posted on Friday 19th August, 2022
Homeowner insurance rates are headed up in many states this year. Colorado’s new average rate is around $3,400, Oklahoma is now $3,300, Tennesse has also moved up on the list to an average home insurance rate of $3,000 per year. Kansas and Texas are both around $2,500 for the year. While your premium may be […]
Top 3 Reasons Homeowners Can Expect a 3% to 30% Rate Increase Posted on Monday 18th April, 2022
Interest rate hike due to inflation percentage rising up, FED, federal reserve or central bank monetary policy, economics or loan concept, businessman archery percentage arrow high up into the sky. There is a good chance that your homeowners insurance premium will be headed up this year. According to a recent S&P Global Market Intelligence report, homeowners […]
Wind & Hail Home Insurance Coverage Guide Posted on Monday 13th September, 2021
Home in Panama City, Florida suffers from wind and hail damage in 2018. This damaged house is from hurricane Michael. Hailstorms can do a tremendous amount of damage to your house and roof in very short amount of time and if you are not properly insured you could end up having to cover the cost […]
Am I underinsured for hurricane damage? Posted on Thursday 26th August, 2021
Tropical Storm Henri hit the Northeast pretty hard over the last week and for many homeowners the pain caused by the storm could just be getting started. Unfortunately, many homeowners may be underinsured or not have the right coverage in place when it comes to tropical storm and hurricane damage. A recent study by Policygenius […]
Austin, TX Dwelling Coverage Estimate
It is important to calculate your dwelling coverage for your home in Austin so you know what type of homeowners insurance coverage you need to cover your replacement cost. It is recommended to have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.
Please remember that replacement cost coverage does not include the cost of the land, only the price to rebuild your home, which is why we like to help customers by answering a few questions that you may have.
What is the average replacement cost coverage in Austin, TX?
- The average square footage in Austin is around 3,121 Sq. Ft. which would cost you around $402,635 to replace the home if you base the home on the price to build per square foot of $129.
Minimum Replacement Cost Total: $402,635
Location: Austin, Texas (Travis County)
Average Building Cost Per Square Foot in Austin: $129 (low end)
Average Square Footage in Austin: 3,121 Sq. Ft.
|Home Improvement Status||Price per Sq. Ft.||Dwelling Coverage|
|None or Very Minor Improvements||$129||$402,635|
|Some Additional Upgrades||$161||$503,294|
|Major Home Updates or Advancements||$194||$603,952|
The dwelling coverage is calculated by the average cost per square foot ($129) in Austin, Texas times your heated square footage. Which would equal the cost to rebuild your home minus the cost of the property or land. Some homes will have a higher replacement cost due to home improvements like updated kitchens and bathrooms. Other upgrades may include: granite countertops, hardwood floors and stainless steel appliances. The national square foot average to build a brand new home is around 2500 square feet. So if you are looking to build, and your square footage of your new home is 2500, you are looking at a dwelling coverage premium of around $403,125 (Media price to build of $161 x 2500 sq. ft.) to cover the cost to rebuild your new home.
What is the difference between actual cash value and replacement cost value?
Homeowners insurance is available in both actual cash value (ACV) and replacement cost value (RCV). Knowing the difference is important:
Actual cash value: When valuing your personal possessions, an actual cash value policy will take depreciation into account. This means that your 10-year-old TV will be basically worthless according to your insurance company. While an ACV policy tends to be cheaper, if you have to make a claim you may be disappointed in your claim payout.
Replacement cost value: A RCV policy will replace your possessions with brand new items of similar quality regardless of how old they were at the time they were destroyed. While RCV policies are slightly more expensive, they are well worth the cost if you have to make a claim.