Best & Cheapest Homeowners Insurance in Garland, TX June, 2024

Chubb offers the most budget-friendly home insurance for Garland homeowners, with an average annual quote of $1,867.

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Updated: 05 May 2024
Written by
Bob Phillips
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In our thorough analysis of home insurance options in Garland, TX, Chubb emerges as the most affordable choice, with average yearly rates of $1,867. However, it’s essential to note that the best insurer for you may vary based on your specific circumstances and requirements.

For example, if you have a low credit score, Chubb again offers the most economical option with an average annual premium of $3,205. Conversely, if your home is older, Progressive provides competitive rates of $2,690 per year, along with comprehensive coverage.

Similarly, for owners of newly constructed homes, Universal North America presents the most affordable solution at $1,680 per year. And for individuals with a history of claims, State Farm offers an understanding and cost-effective option at $2,752 annually.

Additionally, if you have valuable personal property that requires protection, Chubb once again proves to be the top choice, offering extensive coverage at a reasonable cost of $2,019 per year.

At Insuranceopedia, our detailed analysis aims to steer you toward the perfect fit for your home insurance needs. By comparing customer ratings, analyzing personal experiences, and presenting comparison charts, we provide all the necessary information to help you make an informed decision.

How much is homeowners insurance in Garland, TX?

Chubb offers the most affordable option for homeowners’ insurance in Garland, with an annual premium of $1,867.

As seen below, insurance rates in Garland are higher than both the national average and the average rate for the state of Texas.

Area Average Monthly Rate
National $1,820
Texas $3,208
Garland $3,990

Understanding that insurance rates are not uniform and can vary greatly is crucial.

Cheapest Homeowners Insurance in Garland, TX

Cheapest Homeowners Insurance, Garland, 2024

Our Methodology

To find the most affordable home insurance rates in Garland, we reviewed data from various home insurance review websites, including those that analyzed rates sourced from public filings obtained by Quadrant Information Services. For this review, we averaged those rates, but it's essential to note that rates from each company can vary frequently and will depend on your individual circumstances. Furthermore, our overall rating includes 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

24

Brands Reviewed

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Research Hours

Cheapest homeowners insurance in Garland, TX

Chubb is the most budget-friendly option overall for homeowners’ insurance in Garland, TX, offering an average annual rate of $1,867.

Company Annual Premium
Chubb $1,867
Farmers $3,565
State Farm $4,232
USAA $4,320
Amica $5,098

The cost of your policy is influenced by factors like location, home value, and your claims history. Chubb offers a well-balanced combination of affordability and comprehensive coverage.

Cheapest Homeowners Insurance In Garland If You Have an Older Home

Progressive provides the most cost-effective rates for those with older homes, averaging $2,690 per year.

Insurance Company Average Annual Premium
Progressive $2,690
Mercury $2,770
Texas FAIR $3,978
Nationwide $4,168
Amica $5,930

Older homes frequently carry distinct risks and maintenance challenges that can increase insurance expenses. Progressive offers competitive rates and comprehensive coverage specifically designed to address the needs of older homes.

Cheapest Homeowners Insurance for Newly Constructed Homes

If you’re the proud owner of a newly constructed home, Universal North America provides the most economical option, with an average annual rate of $1,680.

Insurance Company Average Annual Premium
Universal North America $1,680
Allstate $2,604
State Farm $3,012
USAA $3,082
Nationwide $3,516

Newly constructed homes often demand different coverage compared to older ones, and Universal North America stands out in offering affordable policies customized to address these specific requirements.

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 $3,205

Insurance Company Average Annual Premium
Chubb $3,205
Nationwide $6,860
Allstate $7,421
State Farm $8,736
Farmers $15,031

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 Home Insurance Rates for Lots of Personal Property

If you possess a considerable amount of personal property, Chubb provides the most affordable rates, averaging $2,019 per year.

Insurance Company Average Annual Premium
Chubb $2,019
Farmers $3,860
State Farm $4,592
USAA $4,692
Nationwide $5,320

The greater your personal property holdings, the higher your coverage requirements, which can lead to increased premiums. However, Chubb offers comprehensive coverage at reasonable rates, guaranteeing that all your belongings are adequately protected.

Cheapest Home Insurance In Garland for a History of Claims

Homeowners with a history of claims can find an affordable solution with State Farm, offering an average annual rate of $2,752.

Insurance Company Average Annual Premium
State Farm $2,752
USAA $3,015
Progressive $4,050
Mercury $5,670
Nationwide $6,722

A history of claims can often signal higher risk to insurers, resulting in elevated premiums. However, State Farm believes in offering second chances and provides reasonable rates for individuals with past claims.

Best Homeowners Insurance Companies in Garland, TX

Choosing the right homeowners insurance is not just important but a strategic decision. With Garland’s rich history and diverse homes, finding an insurance provider that offers comprehensive coverage at competitive rates is crucial.

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

Company Annual Premium
1. Chubb $1,867
2. Farmers $3,565
3. State Farm $4,232
4. Universal North America $2,340
5. Travelers $4,315
6. Nationwide $4,916
7. USAA $4,320
8. Amica $5,098
9. Hartford $5,680

Average Home Insurance Rates by Zip Codes

Homeowners insurance costs in Garland, TX can fluctuate considerably depending on the zip code. Below are tables displaying rates for various zip codes in Garland, along with the cheapest and most expensive zip codes in the area for annual home insurance premiums.

ZIP Code Average Insurance Premium (Annual)
75043 $3,559
75040 $3,599
75044 $3,535
75042 $3,643
75040 $3,599
75041 $3,625

Cheapest Zip Codes

ZIP Code Average Insurance Premium (Annual)
75043 $3,559
75040 $3,599
75044 $3,535

Most Expensive Zip Codes

ZIP Code Average Insurance Premium (Annual)
75042 $3,643
75040 $3,599
75041 $3,625

Average Home Insurance Rates in Garland, TX by Deductible Amount

The chosen deductible amount for a homeowners insurance policy greatly impacts the premium rates in Garland, TX. Here’s a breakdown of how the average home insurance rates fluctuate for different deductible amounts:

Deductible Amount Annual Rate
$500 $3,180
$1,000 $2,970
$2,000 $2,641

Average Home Insurance Rates in Garland, TX By Coverage Amount

A crucial factor influencing your premium is the dwelling coverage amount, which represents the maximum sum your insurance company will pay to rebuild or repair your home if it’s damaged or destroyed.

Below is a comparison chart outlining the average annual homeowners insurance premiums for various dwelling coverage amounts:

Dwelling Coverage Amount Average Annual Premium
$200,000 $2,605
$250,000 $2,976
$350,000 $3,670
$400,000 $4,360

Average Home Insurance Rates in Garland, TX by Company

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

Company Annual Premium
Chubb $1,867
Farmers $3,565
State Farm $4,232
Universal North America $2,340
Travelers $4,315
Nationwide $4,916
USAA $4,320
Amica $5,098
Hartford $5,680

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

Getting Online Homeowners Insurance Quotes in Texas

Platforms like Insuranceopedia simplify the process of finding the right coverage for your specific needs with just a few clicks. By providing quick online quotes from a variety of top-rated insurers, Insuranceopedia makes it easy to compare rates.

All you need to do is enter your details, and Insuranceopedia will do the rest by presenting you with a range of options customized to your requirements. This allows you to confidently choose a policy that offers the best value, striking a balance between cost and comprehensive coverage.

FAQs

Who has the cheapest home insurance in Garland, TX?

The cheapest home insurance in Garland, Texas, is provided by Chubb with an annual premium of $1,867

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

The average cost of homeowners insurance in Garland, Texas, is approximately $3,990 per year.

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