Best & Cheapest Homeowners Insurance in Amarillo, TX April, 2024

Chubb offers the cheapest homeowners insurance to homeowners in Amarillo with an average annual quote of $3,457.

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Updated: 05 April 2024
Written by
Bob Phillips
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In our comprehensive review of homeowners insurance providers in Amarillo, TX, Chubb emerges as the most budget-friendly option, with average annual rates of $3,457. However, keep in mind that the best insurer for you may vary based on your unique circumstances and requirements.

For instance, if your credit score has taken a hit, Chubb again stands out as the most economical choice with an average annual premium of $5,918. In contrast, if your home is on the older side, Progressive rises to the top with its competitive rates of $3,702 per year, and comprehensive coverage.

On the other hand, if you’re the proud owner of a newly constructed home, Nationwide offers the most cost-effective solution at $1,724 per year. And for those who’ve had a history of claims, State Farm provides an affordable and understanding solution at $3,752 per annum.

Last, if you possess a wealth of personal property that needs protection, Allstate  proves to be your best bet, offering extensive coverage at a reasonable $4,339 per year.

Our in-depth analysis at Insuranceopedia is designed to guide you toward the perfect fit for your homeowners insurance needs. By comparing customer ratings, analyzing personal experiences, and presenting comparison charts, we will provide you with all the information necessary to make an informed decision.

How much is homeowners insurance in Amarillo, TX?

Chubb offers the most affordable rate for homeowners insurance in Amarillo at $3,457 annually.

As you can see below, rates in Amarillo are more expensive than the National average. Amarillo rates are also more expensive than the Texas State average rate.

Area Average Monthly Rate
National $1,820
Texas $3,208
Amarillo $3,830

It’s important to understand that rates are not a one-size-fits-all matter. They can fluctuate significantly based on a myriad of factors.

For instance, your personal driving history plays a pivotal role; a record filled with traffic violations or accidents will likely lead to higher premiums than a clean slate. The type and model of your vehicle also come into play, as high-performance or luxury cars typically cost more to insure.

Your geographical location can impact your rates, too, with densely populated urban areas generally facing higher rates due to increased risk of theft or accidents. Even your age and marital status can influence your car insurance premiums.

Cheapest Homeowners Insurance in Amarillo, TX 2024

Our Methodology

To find the cheapest home insurance rates in Amarillo, we analyzed findings from numerous home insurance review sites, some of which analyzed rates from public filings obtained by Quadrant Information Services. We’ve used an average of those rates for this review, but each company’s rates change frequently and will vary based on your situation. Also factored into the overall rating is my subjective opinion based on fifteen years of experience as a licensed insurance agent and over three decades of purchasing home insurance.

66

Quotes Analyzed

15+

Years Of Industry Experience

24

Brands Reviewed

40+

Research Hours

Cheapest homeowners insurance in Amarillo, TX

Chubb emerges as the cheapest overall option for homeowners insurance in Amarillo, TX, with an average annual rate of $3,457

Company Annual Premium
Chubb $3,457
Allstate $4,309
State Farm $4,390
Travelers $4,409
Nationwide $4,809

The cost of your policy is influenced by many factors, including location, home value, and your claims history. Chubb offers a balanced blend of affordability and comprehensive coverage.

Cheapest Home Insurance Rates for Lots of Personal Property

If you have a wealth of personal property, Allstate offers the cheapest rates, with an average annual rate of $4,339.

Insurance Company Average Annual Premium
Allstate $4,339
State Farm $4,417
Travelers $4,501
USAA $4,582
Nationwide $5,246

The more personal property you have, the higher your coverage needs, which can increase premiums. Allstate provides extensive coverage at reasonable rates, ensuring all your belongings are adequately protected.

Cheapest Homeowners Insurance In Amarillo If You Have an Older Home

State Farm provides the most affordable rates for homeowners with older homes, with an average annual premium of $3,764.

Insurance Company Average Annual Premium
State Farm $3,764
Texas FAIR $3,970
Nationwide $4,144
Amica $5,946

Older homes often have unique risks and maintenance needs that can increase insurance costs. State Farm offers competitive rates and comprehensive coverage designed to address these specific requirements for older homes.

Cheapest Home Insurance In Amarillo for a History of Claims

For homeowners with a history of claims, Progressive provides an affordable solution, with an average annual rate of $4,054.

Insurance Company Average Annual Premium
Progressive $4,054
Mercury $5,670
Texas FAIR $6,239
Nationwide $6,727

Having a history of claims can lead to higher premiums because insurers see you as a higher risk. However, Progressive understands that everyone deserves a chance and offers reasonable rates for those with past claims.

Cheapest Homeowners Insurance If You Have Poor Credit

If your credit score is poor, Chubb provides the most affordable solution, with an average annual rate of $5,918

Insurance Company Average Annual Premium
Chubb $5,918
Nationwide $6,951
State Farm $9,025
Travelers $8,619
Farmers $21,014

Your credit score can significantly impact your insurance rates as it’s a key factor insurers consider when calculating risk. Chubb understands that everyone deserves fair coverage, regardless of their financial past.

Cheapest Homeowners Insurance for Newly Constructed Homes

If you’re the proud owner of a newly constructed home, Nationwide offers the most cost-effective solution, with an average annual rate of $1,724.

Insurance Company Average Annual Premium
Nationwide $1,724
USAA $2,677
Chubb $3,020
State Farm $3,129
Allstate $3,271

New constructions often require different coverage compared to older homes, and Nationwide excels in providing affordable policies tailored to these specific needs.

Best Homeowners Insurance Companies in Amarillo, TX

Choosing the right homeowners insurance is not just a necessity; it’s a strategic decision. With a rich history, Amarillo’s homes are as unique as its residents. Therefore, finding an insurance provider that offers comprehensive coverage at competitive rates becomes paramount.

To make your decision-making process easier, we’ve compiled a list of the top homeowners insurance companies in Amarillo, TX. These companies have been assessed based on their annual premiums, coverage options, customer satisfaction ratings, and overall reliability. Take a look at our comparison chart below and find the perfect fit for your home insurance needs.

Company Annual Premium
State Farm $4,390
Hartford $3,961
Chubb $3,457
USAA $4,462
Allstate $4,309
Farmers $4,940
Travelers $4,409
Nationwide $4,809

Average Home Insurance Rates by Zip Codes

The cost of homeowners insurance in Amarillo, TX can vary significantly based on the zip code. Below are tables showcasing rates for different zip codes in Amarillo, along with the the cheapest and most expensive zip codes in the area for annual home insurance premiums.

ZIP Code Average Insurance Premium (Annual)
79007 $3,174
79104 $5,269
79119 $3,670
79107 $5,477
79017 $3,702
79015 $4,239
79005 $4,556
79014 $3,778
79018 $3,755

Cheapest Zip Codes

ZIP Code Average Insurance Premium (Annual)
79119 $3,670
79011 $3,695
79017 $3,702

Most Expensive Zip Codes

ZIP Code Average Insurance Premium (Annual)
79005 $4,556
79107 $5,477
79104 $5,269

Average Home Insurance Rates in Amarillo, TX by Deductible Amount

The deductible amount chosen for a homeowners insurance policy significantly affects the premium rates in Amarillo, TX. Here’s how the average home insurance rates fluctuate for different deductible amounts:

Deductible Amount Annual Rate
$500 $3,288
$1,000 $3,067
$2,000 $2,744
$5,000 $2,390

Average Home Insurance Rates in Amarillo, TX By Coverage Amount

One of the key components that influences your premium is the dwelling coverage amount. This is the maximum amount your insurance company will pay to rebuild or repair your home if it’s damaged or destroyed.

Let’s take a closer look at a comparison chart that outlines the average annual homeowners insurance premiums for different dwelling coverage amounts.

Dwelling Coverage Amount Average Annual Premium
$100,000 $1,634
$200,000 $2,726
$300,000 $3,265
$350,000 $3,679
$400,000 $4,516

Average Home Insurance Rates in Amarillo, TX by Company

Here’s a comparison table showcasing annual premiums from some of the top providers in Amarillo:

Company Annual Premium
State Farm $4,390
Hartford $3,961
Chubb $3,457
USAA $4,462
Allstate $4,309
Farmers $4,940
Travelers $4,409
Nationwide $4,809

How Much is Homeowners Insurance for Other Cities in Texas?

The following is a  detailed comparison chart that showcases the cheapest companies and their annual premiums across various cities in Texas.

City Annual Premium
Odessa $3,346
El paso $1,819
Dallas $3,600
Corpus Christi $4,596

Getting Online Homeowners Insurance Quotes in Texas

With informative sites like Insuranceopedia, finding the best coverage for your unique needs is just a few clicks away. By providing quick online quotes from a variety of top-rated insurers, Insuranceopedia helps you to compare rates at a glance.

Just input your details and let us do the hard work, presenting you with a range of options tailored to your requirements. This way, you can confidently choose a policy that offers the highest value, balancing cost with comprehensive coverage.

FAQs

Who has the cheapest home insurance in Amarillo, TX?

The cheapest home insurance in Amarillo, Texas, is provided by Chubb, with an annual premium of $3,457.

What is the average cost of home insurance in Amarillo, TX?

The average cost of homeowners insurance in Amarillo, Texas, is approximately $3,830 per year.

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