Get Houston, TX Home Insurance Rates!
Houston is America's fourth largest city and just a wonderful place to visit and live. Beautiful beaches and coastal waterways make getting out on the water easy and fun while world-class restaurants and nightlife ensures that Houston nights are also a blast.
Houston is a great place to raise a family with tons of family friendly activities. Walking through the historic Heights neighborhood or hitting the Museum District are a great way to spend the day. Space Center Houston is fun to explore and gives budding astronauts a chance to get up close and personal with spacecraft.
If you are thinking about make the move to Houston, you will not be disappointed. Following is everything you need to know about living in the Houston area.
Houston is the largest city in the state of Texas and the fourth largest city in the United States. Currently, 2,099,451 people call Houston home. There are roughly 11,382 households per zip code with an average household size of three people.
Houston is a fairly affordable place to live with the average house value coming in at $129,530. According to Zillow, home values have gone up 4.2 percent in the last year and are expected to go up another 2.8 percent in the next year.
The average household income in Houston is $48,817, which is just about on par with the national average.
Homeowners Insurance in Houston
When it comes to homeowners insurance, Houston, like the rest of Texas is fairly pricey. The average homeowners insurance premium in Texas is $1,947, which is dramatically higher than the national average, which comes in at $1,132. This makes Texas the second most expensive state in the country for homeowners coverage.
Houston is coastal country and as recent events have shown, prone to extreme weather and flooding making flood insurance a necessity. If you live in a flood prone area you will need a separate flood policy to full protect your home and assets.
Flood damage is not covered by a standard homeowners policy so if your home is flooded and you are not carrying a flood policy you will be on the hook for the cost of repairs.
While homeowners insurance in Houston can be expensive, there are a few things that you can do to help lower your premiums. Here are a few tips to keep your homeowners insurance affordable:
- Shop Your Coverage Regularly: Insurance experts recommend shopping your coverage at least once a year. Insurance companies rate risk differently which can lead to dramatic differences in price quotes. Always compare apples to apples in regards to deductibles and coverage levels when shopping your insurance.
- All Discounts Matter: Insurance companies offer a huge number of discounts. Some are major discounts such as bundling while others tend to be smaller like going paperless on your policy. Regardless of whether a discount is large or small, they all add up to savings. Have your agent perform a discount review to make sure that you are getting all of the home insurance discounts that you are entitled to receive.
- Push Up Your Deductible: The higher deductible you carry, the lower your premium. Make your deductible as high as you can comfortably afford. It is a good idea to keep your deductible amount in an interest bearing account so the money is available in the event you have to make a claim.
- Upgrade Your Home: Adding a monitored security system can result in a discount of 15 to 20 percent and changing your roofing materials to a wind resistant system can also result in a discount. Ask your agent about upgrades that can help lower your premium.
Factors to Consider in Houston
Crime rates will be factored in when setting a homeowners insurance rate and unfortunately, crime rates in Houston are fairly high. According to Neighborhoodscout.com, Houston has 9.69 violent crimes per 1,000 residents while the average in Texas is 4.12 and the national median is 3.8.
Crime will vary by neighborhood so make sure you check the crime rates in any potential neighborhood. If a neighborhood you are considering has a high crime rate you may want to keep looking.
Flooding is also an issue that has to be considered in Houston. Flood insurance can be quite expensive. This is especially true if you are living in a waterfront home or in a high-risk flood area. When shopping for a new home, always get an insurance quote before making an offer so you are not shocked by the premium when it comes time to close on your new home.
If you are currently shopping for a new Houston homeowners policy we can help you find the best policy at a great price. The process is not only free, but also quick and easy. Our insurance partners are top rated carriers who have been in business for several decades and will provide you with the best rates available.
Compare Homeowners Insurance Rates in Houston, TX!
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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 Houston
Are you looking for homeowners insurance in a city near Houston? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!
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Home Insurance Rates by Zipcode in Houston, TX
Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Houston.
77002, 77003, 77004, 77005, 77006, 77007, 77008, 77009, 77010, 77011, 77012, 77013, 77014, 77015, 77016, 77017, 77018, 77019, 77020, 77021, 77022, 77023, 77024, 77025, 77026, 77027, 77028, 77029, 77030, 77031, 77032, 77033, 77034, 77035, 77036, 77037, 77038, 77039, 77040, 77041, 77042, 77043, 77044, 77045, 77046, 77047, 77048, 77049, 77050, 77051, 77053, 77054, 77055, 77056, 77057, 77058, 77059, 77060, 77061, 77062, 77063, 77064, 77065, 77066, 77067, 77068, 77069, 77070, 77071, 77072, 77073, 77074, 77075, 77076, 77077, 77078, 77079, 77080, 77081, 77082, 77083, 77084, 77085, 77086, 77087, 77088, 77089, 77090, 77091, 77092, 77093, 77094, 77095, 77096, 77098, 77099,
Houston, TX Home Insurance Average Premiums
For the city of Houston, 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:||$1527 /yr.|
|2600 sq. ft. or higher |
(all discounts applied)
What is the average home insurance cost for a home in Houston, TX?
- • The average homeowners insurance premium paid annually for a home in Houston is around $1527 per year.
What does it cost on average per month for home insurance in Houston, TX?
- • Homeowners in Houston pay an average cost per month around $127.00 for insurance coverage.
Houston, TX Coastal Wind, Hail & Flood Information
Houston is located in a coastal county which greatly increases the risk of hurricanes and windstorms. Our quoting process will include wind and hail coverage options to give you the best protection you need against high winds and storm damage.
Flood Zone Notice: The beautiful coastal city of Houston is know for it's beautiful beaches and waterways. Because Harris County (FIPS: 48201) has a shoreline and is in a coastal area it is important to purchase flood insurance. The risk is very high in this area and we will work with you to provide the best flood insurance coverage you need for your home in Houston, TX.
Houston, 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 Houston 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 Houston
- 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 Houston, TX homeowners insurance rates all in one place!
Saving Money Tips on Houston Home Insurance
A great way to save money on Houston 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 Houston area? Check out what homeowners are paying on average for Texas homeowners insurance.
Elevation Review for Coastal Wind or Flooding Risk
|65 ft.||This is the average home elevation in Houston, TX||
» Elevation is crucial to a homeowners insurance policy because it determines the risk of your home being in a flood zone which is particularly important in a coastal state such as Houston, Texas.
A standard homeowners policy does not cover flood damage. If you live in a flood prone area, you will need to purchase a separate flood to fully protect your home.
Flood insurance can be purchased via the National Flood Insurance Program (NFIP) or in the private market. NFIP policies come with coverage caps and other restrictions so you may need to supplement your flood insurance coverage with a private market policy.
It's important to remember that flooding occurs in low and moderate risk areas as well. According to FEMA data, almost 25% of all flood claims come from low to moderate-risk areas.
To get online quotes on your home and compare rates on home insurance premiums in Houston, 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 Harris 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 […]
Houston, TX Dwelling Coverage Estimate
It is important to calculate your dwelling coverage for your home in Houston 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 Houston, TX?
- The average square footage in Houston is around 2,263 Sq. Ft. which would cost you around $291,880 to replace the home if you base the home on the price to build per square foot of $129.
Minimum Replacement Cost Total: $291,880
Location: Houston, Texas (Harris County)
Average Building Cost Per Square Foot in Houston: $129 (low end)
Average Square Footage in Houston: 2,263 Sq. Ft.
|Home Improvement Status||Price per Sq. Ft.||Dwelling Coverage|
|None or Very Minor Improvements||$129||$291,880|
|Some Additional Upgrades||$161||$364,850|
|Major Home Updates or Advancements||$194||$437,820|
The dwelling coverage is calculated by the average cost per square foot ($129) in Houston, 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.