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

Nationwide provides the most affordable home insurance for homeowners in Houston, with an average yearly quote of $1,386.

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Updated: 09 March 2024
Written by
Bob Phillips
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In our thorough examination of home insurance options in Houston, TX, Nationwide stands out as the most budget-friendly choice, with average yearly rates of $1,386. However, it’s important to understand that the best insurer for you may vary depending on your specific circumstances and needs.

For instance, if you have a low credit score, Chubb offers the most economical option with an average annual premium of $4,889. Conversely, if your home is older, State Farm provides competitive rates of $1,902 per year, along with comprehensive coverage.

On the other hand, if you own a newly constructed home, Nationwide again presents the most affordable solution at $944 per year. And for those with a history of claims, Chubb offers an understanding and cost-effective option at $2,373 annually.

Moreover, if you have valuable personal property that needs protection, Allstate proves to be the top choice, offering extensive coverage at a reasonable $2,328 per year.

At Insuranceopedia, our detailed analysis aims to guide you toward the perfect fit for your home insurance needs. Through 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 Houston, TX?

Nationwide provides the most budget-friendly option for homeowners insurance in Houston, with an annual premium of $1,386.

Close contenders include Allstate and Chubb, offering annual premiums of $2,332 and $2,861 respectively. Travelers is slightly pricier at $4,697 per year.

State Farm still stands out with a considerably higher annual premium of $6,650.

As evident below, rates in Houston surpass the national average. Additionally, Houston rates are higher than the average rate for the state of Texas.

Area Average Monthly Rate
National $1,820
Texas $3,208
Houston $3,742

It’s crucial to grasp that insurance rates aren’t uniform and can vary greatly based on various factors.

For example, your individual driving record is crucial; having a history of traffic violations or accidents usually results in higher premiums compared to having a clean record. Additionally, the make and model of your vehicle are significant factors, as high-performance or luxury cars often incur higher insurance costs.

Your location also plays a role, with densely populated urban areas typically experiencing higher rates due to increased risks such as theft or accidents. Even your age and marital status can affect your car insurance premiums.

Cheapest Homeowners Insurance in Houston, TX

Our Methodology

To identify the most affordable home insurance rates in Houston, we examined data from several home insurance review websites, including those that analyzed rates sourced from public filings acquired by Quadrant Information Services. For this review, we've averaged those rates, but it's important to note that rates from each company can fluctuate frequently and will depend on your specific circumstances. Additionally, our overall rating incorporates my subjective opinion, drawing from 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 Houston, TX

Nationwide is the most affordable choice overall for homeowners insurance in Houston, TX, with an average annual rate of $1,368.

Company Annual Premium
Nationwide $1,368
Allstate $2,332
Chubb $2,861
Travelers $4,697
State Farm $6,650

Your policy’s cost is influenced by various factors, such as location, home value, and your claims history. Nationwide provides a well-rounded combination of affordability and comprehensive coverage.

Cheapest Homeowners Insurance In Houston If You Have an Older Home

State Farm provides the most cost-effective rates for those with older homes, averaging $1,902 per year.

Insurance Company Average Annual Premium
State Farm $1,902
Nationwide $4,460
UPC $5,023
Texas FAIR $5,403
Amica $7,545

Older homes frequently carry distinct risks and maintenance challenges that can increase insurance expenses. State Farm 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, Nationwide provides the most economical option, with an average annual rate of $944.

Insurance Company Average Annual Premium
Nationwide $944
Allstate $1,758
Chubb $3,006
Universal North America $2,840
State Farm $4,888

Newly constructed homes often demand different coverage compared to older ones, and Nationwide 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 $4,630

Insurance Company Average Annual Premium
Chubb $4,630
Travelers $6,718
Allstate $7,994
State Farm $9,105
Farmers $12,298

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, Allstate provides the most affordable rates, averaging $2,328 per year.

Insurance Company Average Annual Premium
Allstate $2,328
Chubb $2,834
USAA $4,289
Travelers $4,753
State Farm $6,698

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

Cheapest Home Insurance In Houston for a History of Claims

Homeowners with a history of claims can find an affordable solution with Chubb, offering an average annual rate of $2,373.

Insurance Company Average Annual Premium
Chubb $2,373
Nationwide $2,886
Mercury $5,648
USAA $5,667
Amica $9,276

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

Best Homeowners Insurance Companies in Houston, TX

Selecting the appropriate homeowners insurance isn’t just essential; it’s a strategic choice. Given Houston’s rich history, its homes are as diverse as its inhabitants. Thus, identifying an insurance provider that delivers comprehensive coverage at competitive rates becomes crucial.

To simplify your decision-making process, we’ve assembled a list of the leading homeowners insurance companies in Houston, TX. These companies have been evaluated based on their annual premiums, coverage choices, customer satisfaction ratings, and overall dependability. Explore our comparison chart below and discover the ideal match for your home insurance requirements.

Company Annual Premium
1. Nationwide $1,368
2.  Farmers $1,569
3. Allstate $2,332
4. Chubb $2,861
5. Amica $3,878
6.  Universal North America $3,989
7. USAA $4,178
8. Travelers $4,697
9. State Farm $6,650

Average Home Insurance Rates by Zip Codes

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

ZIP Code Average Insurance Premium (Annual)
77095 $2,615
77084 $2,757
77072 $2,854
77036 $2,930
77088 $3,046
77015 $3,153

Cheapest Zip Codes

ZIP Code Average Insurance Premium (Annual)
77045 $2,673
77077 $2,710
77095 $2,615
77039 $2,550
77035 $2,671

Most Expensive Zip Codes

ZIP Code Average Insurance Premium (Annual)
77053 $3,325
77089 $3,362
77075 $3,307
77021 $3,632
77011 $3,172

Average Home Insurance Rates in Houston, TX by Deductible Amount

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

Deductible Amount Annual Rate
$500 $4,559
$1,000 $2,942
$2,000 $1,309

Average Home Insurance Rates in Houston, 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
$100,000 $1,246
$200,000 $2,031
$300,000 $2,937
$350,000 $3,866
$400,000 $4,947

Average Home Insurance Rates in Houston, TX by Company

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

Company Annual Premium
Nationwide $1,368
 Farmers $1,569
Allstate $2,332
Chubb $2,861
Amica $3,878
 Universal North America $3,989
USAA $4,178
Travelers $4,697
State Farm $6,650

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
Brownsville $1,766
Amarillo $3,830
Dallas $3,600
Corpus Christi $4,596

Getting Online Homeowners Insurance Quotes in Texas

Informative platforms like Insuranceopedia make it easy to find the best coverage for your specific needs with just a few clicks. By offering quick online quotes from a range of top-rated insurers, Insuranceopedia allows you to compare rates easily.

Simply input your details, and let us handle the heavy lifting by presenting you with a selection of options tailored to your requirements. This enables you to confidently select a policy that offers the best value, balancing cost with comprehensive coverage.

FAQs

Who has the cheapest home insurance in Houston, TX?

The cheapest home insurance in Houston, Texas, is provided by Nationwide with an annual premium of $1,386.

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

The average cost of homeowners insurance in Houston, Texas, is approximately $3,742 per year.

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