Best Homeowners Insurance in Dallas, TX For 2024

Chubb offers the cheapest homeowners insurance to homeowners in Dallas, with an average annual quote of $1,832.

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Updated: 19 April 2024
Written by
Bob Phillips
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In our comprehensive review of homeowners insurance providers in Dallas, TX, Chubb emerges as the most budget-friendly option, with average annual rates of $1,832. 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, USAA stands out as the most economical choice with an average annual premium of $3,724. In contrast, if your home is on the older side, Mercury rises to the top with its competitive rates of $2,695 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 $1,416 per year. And for those who’ve had a history of claims, State Farm  provides an affordable and understanding solution at $2,804 per annum.

Last, if you possess a wealth of personal property that needs protection, Chubb again proves to be your best bet, offering extensive coverage at a reasonable $1,847 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 Dallas, TX?

Chubb offers the most affordable rate for homeowners insurance in Dallas at $1,832 annually.

As you can see below, rates in Dallas are more expensive than the National average and the Texas State average.

Area Average Monthly Rate
National $1,820
Texas $3,208
Dallas $3,600

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 Dallas, TX 2024

Our Methodology

To find the cheapest home insurance rates in Dallas, 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.

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Quotes Analyzed

15+

Years Of Industry Experience

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Brands Reviewed

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Research Hours

Cheapest homeowners insurance in Dallas, TX

Chubb emerges as the cheapest overall option for homeowners insurance in Dallas, TX, with an average annual rate of $1,832

Company Annual Premium
Chubb $1,832
Allstate $3,525
USAA $4,043
State Farm $4,270
Nationwide $4,782

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 Homeowners Insurance If You Have Poor Credit

If your credit score is poor, USAA provides the most affordable solution, with an average annual rate of $3,724

Insurance Company Average Annual Premium
USAA $3,724
Mercury $4,618
State Farm $4,820
Chubb $5,011
Nationwide $8,147

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

Cheapest Homeowners Insurance In Dallas If You Have an Older Home

For those with older homes, Mercury offers the cheapest rates, averaging $2,695 per year. 

Insurance Company Average Annual Premium
Mercury $2,695
State Farm $2,802
Texas FAIR $4,517
USAA $2,997
Nationwide $5,782

Older homes often come with unique risks and maintenance issues, which can drive up insurance costs. Mercury offers competitive rates and comprehensive coverage tailored to meet the needs of older homes.

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 $1,416

Insurance Company Average Annual Premium
Nationwide $1,416
Chubb $1,602
USAA $2,316
Allstate  $2,693
State Farm $2,989

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

Cheapest Home Insurance In Dallas for a History of Claims

For homeowners with a history of claims, State Farm provides an affordable solution, with an average annual rate of $2,804

Insurance Company Average Annual Premium
State Farm $2,804
USAA $3,270
Mercury $5,194
Nationwide $9,655
Amica $13,58

A history of claims can raise red flags for insurers, often leading to higher premiums. However, State Farm believes in second chances and offers reasonable rates for those with past claims.

Cheapest Home Insurance Rates for Lots of Personal Property

If you have a wealth of personal property, Chubb offers the cheapest rates, with an average annual rate of $1,847

Insurance Company Average Annual Premium
Chubb $1,847
Allstate $3,542
Travelers $4,240
State Farm $4,301
Nationwide $5,234

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

Best Homeowners Insurance Companies in Dallas, TX

Choosing the right homeowners insurance is not just a necessity; it’s a strategic decision. With a rich history, Dallas’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 Dallas, 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
Chubb $1,832
Universal $2,295
USAA $4,043
Farmers $3,436
Allstate $3,525
State Farm $4,270
Nationwide $4,782

Average Home Insurance Rates by Zip Codes 

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

ZIP Code Average Insurance Premium (Annual)
75217 $3,110
75228 $3,456
75243 $3,270
75216 $3,453
75220 3,318

Cheapest Zip Codes

ZIP Code Average Insurance Premium (Annual)
75223 $2,875
75226 $2,916
75247 $3,014
75246 $2,921
75230 $3,124

Most Expensive Zip Codes

ZIP Code Average Insurance Premium (Annual)
75275 $3,678
75244 $3,578
75231 $3,472
75298 $3,556
75270 $3,427

Average Home Insurance Rates in Dallas, TX by Deductible Amount

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

Insurer Annual Rate for $500 Deductible
$500 $3,182
$1,000 $2,968
$1,500 $2,876
$2,000 $2,632
$5,000 $2,286

Average Home Insurance Rates in Dallas, 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
$200,000 $2,295
$250,000 $2,983
$300,000 $3,267
$350,000 $3,582
$400,000 $4,378

Average Home Insurance Rates in Dallas, TX by Company

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

Company Annual Premium
Chubb $1,832
Universal $2,295
USAA $4,043
Farmers $3,436
Allstate $3,525
State Farm $4,270
Nationwide $4,782

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
Amarillo $3,830
Arlington $3,795
San Antonio $2,320

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 Dallas, TX?

The cheapest home insurance in Dallas, Texas, is provided by Chubb, with an annual premium of $1,832.

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

The average cost of homeowners insurance in Dallas, Texas is approximately $3,600 per year.

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