Best & Cheapest Homeowners Insurance in Austin, TX For June, 2024

Chubb offers the cheapest homeowners insurance to homeowners in Austin, with an average annual quote of $1,447.

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Updated: 04 May 2024
Written by
Bob Phillips
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In our detailed examination of homeowners insurance providers in Austin, TX, Chubb emerges as the most economical choice, with average annual rates of $1,447. However, the best insurer for you may vary based on your specific circumstances and needs.

For example, if your credit score has suffered, Chubb remains the most cost-effective option with an average annual premium of $2,467. Conversely, if you own an older home, State Farm offers competitive rates of $1,793 per year for comprehensive coverage.

For owners of newly constructed homes, Nationwide provides the most affordable solution at $839 per year. And for individuals with a history of claims, Chubb offers a reasonable solution at $1,506 per annum.

If you have valuable personal property requiring protection, USAA offers comprehensive coverage at a reasonable rate of $2,364 per year.

Our thorough assessment at Insuranceopedia aims to assist you in finding the ideal homeowners insurance provider. Through comparisons of customer ratings, analysis of personal experiences, and the presentation of comparison charts, we provide all the information necessary for an informed decision.

How much is homeowners insurance in Austin, TX?

Chubb provides the most affordable homeowners insurance in Austin, with an annual rate of $1,447.

In Austin, homeowners insurance rates are higher than the national average but lower than the average for Texas as a whole.

Area Average Monthly Rate
National $1,820
Texas $3,208
Austin $2,187

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.

Cheapest Homeowners Insurance in Austin, TX

Our Methodology

To find the cheapest home insurance rates in Austin, 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 Austin, TX

Chubb is the most affordable option for homeowners insurance in Austin, Texas, with an average annual rate of $1,447.

Company Annual Premium
Chubb $1,447
USAA $2,316
Nationwide $2,371
Allstate $2,675
State farm $2,683

Chubb provides a good balance of affordability and comprehensive coverage, with the cost of your policy influenced by factors such as location, home value, and claims history.

Cheapest Homeowners Insurance In Austin If You Have an Older Home

State Farm provides the most affordable rates for homeowners with older homes, with an average annual premium of $1,793.

Insurance Company Average Annual Premium
State Farm $1,793
USAA $1,954
UPC Insurance $2,873
Amica $5,546

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 Homeowners Insurance If You Have Poor Credit

If you have a poor credit score, Chubb offers the most affordable option, with an average annual rate of $2,467

Insurance Company Average Annual Premium
Chubb $2,467
Nationwide $3,397
Travelers $4,842
Allstate $5,294
State Farm $5,562

Your credit score can significantly impact your insurance rates, as it is a key factor insurers consider when calculating risk. Chubb understands this and aims to provide fair coverage to everyone, regardless of their financial history.

Cheapest Homeowners Insurance for Newly Constructed Homes

If you own a newly constructed home, Nationwide offers a cost-effective solution with an average annual rate of $839.

Insurance Company Average Annual Premium
Nationwide $839
Chubb $1,263
Travelers $1,574
State Farm $1,917
Allstate $2,035

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

 

Cheapest Home Insurance In Austin for a History of Claims

For homeowners with a history of claims, Chubb provides an affordable solution, with an average annual rate of $1,506.

Insurance Company Average Annual Premium
Chubb $1,506
State Farm $1,792
USAA $2,127
Mercury $3,176

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

Cheapest Home Insurance Rates for Lots of Personal Property

If you possess a substantial amount of personal belongings, USAA provides the most affordable insurance rates, averaging at $2,364 per year.

Insurance Company Average Annual Premium
USAA $2,364
Nationwide $2,584
Allstate $2,693
State Farm $2,736
Amica $3,974

As your personal property increases, so do your coverage requirements, potentially leading to higher premiums. USAA offers comprehensive coverage at fair prices, guaranteeing sufficient protection for all your belongings.

Best Homeowners Insurance Companies in Austin, TX

Selecting the appropriate homeowners insurance is more than a mere requirement; it’s a strategic choice. Given the diverse and distinctive homes in Austin, Texas, it’s crucial to secure coverage that is both comprehensive and competitively priced.

To simplify your decision-making process, we’ve curated a list of the leading homeowners insurance providers in Austin. These companies have been evaluated on criteria such as annual premiums, coverage selections, customer satisfaction scores, and overall dependability. Explore our comparison chart below to discover the ideal match for your home insurance requirements.

Company Annual Premium
USAA $2,316
Farmers $1,649
Chubb $1,447
Amica $3,842
Texas FAIR $2,275
Mercury $1,764
Nationwide $2,371
Allstate $2,675
State farm $2,683

Average Home Insurance Rates by Zip Codes

The price of homeowners insurance in Austin, TX can fluctuate notably depending on the zip code. Here are tables presenting rates for various zip codes in Austin, along with the five least expensive and most costly zip codes in the region for annual home insurance premiums.

ZIP Code Average Insurance Premium (Annual)
78745 $2,174
78753 $2,258
78758 $2,134
78744 $2,210
78741 $2,255
78723 $2,239
36608 $2,251

Cheapest Zip Codes

ZIP Code Average Insurance Premium (Annual)
78745 $2,174
78758 $2,134
78744 $2,210
78741 $2,251
78735 $2,093

Most Expensive Zip Codes

ZIP Code Average Insurance Premium (Annual)
78753 $2,258
78710 $2,278
78721 $2,212
78712 $2,277
78742 $2,357

Average Home Insurance Rates in Austin, TX by Deductible Amount

The deductible amount selected for a homeowners insurance policy has a notable impact on premium rates in Austin, TX. Here’s a breakdown of how average home insurance rates vary across different deductible amounts:

Deductible Amount Annual Rate
$500 $1,865
$1,000 $1,755
$2,000 $1,564
$5,000 $1,368

Average Home Insurance Rates in Austin, TX By Coverage Amount

The dwelling coverage amount is a pivotal factor shaping your premium. It signifies the maximum sum your insurer will disburse to reconstruct or mend your residence in the event of damage or devastation. Now, let’s delve into a comparative chart illustrating the average yearly premiums for various dwelling coverage amounts in homeowners insurance.

Dwelling Coverage Amount Average Annual Premium
$200,000 $1,569
$250,000 $1,426
$300,000 $2,169
$350,000 $2,585
$400,000 $2,794

Average Home Insurance Rates in Austin, TX by Company

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

Company Annual Premium
USAA $2,316
Farmers $1,649
Chubb $1,447
Amica $3,842
Texas FAIR $2,275
Mercury $1,764
Nationwide $2,371
Allstate $2,675
State farm $2,683
 

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
Houston $2,187
Amarillo $3,830
Dallas $3,600
Corpus Christi $4,596
 

Getting Online Homeowners Insurance Quotes in Texas

Discovering the ideal coverage to suit your specific requirements is now simpler than ever, thanks to informative platforms such as Insuranceopedia. With a few clicks, you can access a plethora of top-rated insurers and swiftly compare their quotes online. Simply input your details, and leave the rest to us.

We’ll diligently analyze your information and provide you with a selection of customized options. This streamlined process empowers you to confidently select a policy that strikes the perfect balance between cost-effectiveness and comprehensive coverage.

FAQs

Who has the cheapest home insurance in Austin, TX?

Chubb offers the most affordable home insurance in Austin, Texas, with an annual premium of $1,447.

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

The average cost of homeowners insurance in Austin, Texas, is approximately $2,187 per year.

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