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

Chubb offers the most affordable home insurance option for homeowners in Laredo, Texas, with an average annual price of $1,340.

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Updated: 05 May 2024
Written by
Bob Phillips
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After a thorough analysis of home insurance options in Laredo, TX, Chubb stands out as the most cost-effective choice, with an average yearly rate of $1,340. However, it’s important to note that the best insurer for you depends on your specific situation.

For example, if you have a low credit score, Chubb remains the most economical option with an average annual premium of $2,571. On the other hand, if you own an older home, State Farm offers competitive rates of $2,394 per year, along with comprehensive coverage.

Similarly, for owners of newly constructed homes, Chubb provides the most affordable solution at $1,167 per year. And for those with a history of claims, State Farm offers an understanding and cost-effective option at $2,768 annually.

Furthermore, if you have valuable personal property requiring protection, Farmers emerges as the top choice, offering extensive coverage at a reasonable cost of $1,962 per year.

At Insuranceopedia, our comprehensive analysis aims to guide you toward the ideal home insurance solution. We provide essential information through customer ratings, personal experiences, and comparison charts to help you make a well-informed decision.

How much is homeowners insurance in Laredo, TX?

Chubb offers Laredo homeowners the most budget-friendly insurance option, with an annual cost of $1,340.

Insurance rates in Laredo are higher than the national average but are still lower than the average rate for the state of Texas.

Area Average Monthly Rate
National $1,820
Texas $3,208
Laredo $2,330

Understanding that insurance rates can vary significantly and are not consistent across the board is crucial.

Cheapest Homeowners Insurance in Laredo, TX

Our Methodology

In our effort to discover the most economical home insurance rates in Laredo, we examined data from various home insurance review websites. This involved analyzing rates obtained from public filings by Quadrant Information Services. We averaged these rates for our review. It's important to note that rates from each company can change frequently and are influenced by your individual circumstances. Furthermore, our thorough rating considers my subjective evaluation, based on fifteen years of experience as a licensed insurance agent and more than three decades of purchasing home insurance policies.

66

Quotes Analyzed

15+

Years Of Industry Experience

24

Brands Reviewed

40+

Research Hours

Cheapest homeowners insurance in Laredo, TX

Chubb is the most budget-friendly option for homeowners’ insurance in Laredo, TX, with an average annual rate of $1,340.

Company Annual Premium
Chubb $1,340
USAA $2,210
Nationwide $2,526
Allstate $2,740
State Farm $3,360

Several factors, including your location, home value, and claims history, influence your policy’s cost. Chubb offers a balanced combination of affordability and comprehensive coverage.

Cheapest Homeowners Insurance In Laredo If You Have an Older Home

Homeowners with older homes can find the most cost-effective rates with State Farm, which averages $2,394 per year.

Insurance Company Average Annual Premium
State Farm $2,394
USAA $2,782
Travelers $3,678
Nationwide $3,934
Amica $4,983

Older homes often carry unique risks and maintenance challenges that can increase insurance costs. State Farm tackles these issues by offering competitive rates and comprehensive coverage designed to meet the specific needs of older homes.

Cheapest Homeowners Insurance for Newly Constructed Homes

For newly constructed home owners, Chubb provides the most budget-friendly option, with an average annual rate of $1,167.

Insurance Company Average Annual Premium
Chubb $1,167
Farmers $1,295
Travelers $1,713
Allstate $2,064
State Farm $2,380

Newly constructed homes often have different coverage needs compared to older ones, and Chubb excels in offering affordable policies specifically tailored to meet these unique requirements.

Cheapest Homeowners Insurance If You Have Poor Credit

Chubb provides the most affordable solution for individuals with a poor credit score, offering an average annual rate of $2,571.

Insurance Company Average Annual Premium
Chubb $2,571
Nationwide $3,690
Allstate $5,399
State Farm $6,936
Farmers $8,078

Your credit score can significantly impact your insurance rates as insurers use it to evaluate risk. Chubb understands the importance of providing fair coverage to everyone, regardless of their financial history or credit score.

Cheapest Home Insurance Rates for Lots of Personal Property

For homeowners with a substantial amount of personal property, Farmers provides the most budget-friendly rates, averaging $1,962 per year.

Insurance Company Average Annual Premium
Farmers $1,962
USAA $2,264
Travelers $2,607
Allstate $2,760
State Farm $3,410

The greater amount of personal property you own, the higher your coverage needs may be, potentially leading to higher premiums. However, Farmers offers comprehensive coverage at reasonable rates, ensuring that all your belongings are adequately protected without breaking the bank.

Cheapest Home Insurance In Laredo for a History of Claims

Homeowners with a history of claims can find an affordable solution with State Farm, which offers an average annual rate of $2,768.

Insurance Company Average Annual Premium
State Farm $2,768
USAA $3,024
Progressive $4,050
Mercury $5,680
Nationwide $6,732

A history of claims can indicate higher risk to insurers, which may result in increased premiums. However, State Farm believes in offering second chances and provides reasonable rates for individuals with past claims.

Best Homeowners Insurance Companies in Laredo, TX

Choosing the right homeowners insurance is crucial and requires strategic decision-making. Given Laredo’s rich history and diverse homes, finding an insurance provider that offers comprehensive coverage at competitive rates is essential.

To streamline your decision-making process, we’ve compiled a list of the top homeowners insurance companies in Laredo, TX. These companies were 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 needs.

Company Annual Premium
1. Chubb $1,340
2. USAA $2,210
3. Nationwide $2,526
4. Universal North America $1,214
5. Allstate $2,740
6. State Farm $3,360
7. Hartford $2,330
8. Travelers $2,560
9. Amica $3,194

Average Home Insurance Rates by Zip Codes

Home insurance costs in Laredo, TX, can vary widely depending on the zip code. Below are tables displaying rates for different zip codes in Laredo, including the least and most expensive zip codes for annual home insurance premiums.

ZIP Code Average Insurance Premium (Annual)
78040 $2,038
78041 $2,044
78045 $2,033
78043 $2,059
78049 $2,928
78046 $2,056

Cheapest Zip Codes

ZIP Code Average Insurance Premium (Annual)
78040 $2,038
78041 $2,044
78045 $2,033

Most Expensive Zip Codes

ZIP Code Average Insurance Premium (Annual)
78043 $2,059
78049 $2,928
78046 $2,056

Average Home Insurance Rates in Laredo, TX by Deductible Amount

The deductible you choose for your homeowners insurance policy plays a big role in determining your premium rates in Laredo, TX. Here’s a breakdown of how average home insurance rates fluctuate based on different deductible amounts:

Deductible Amount Annual Rate
$500 $1,986
$1,000 $1,883
$2,000 $1,699

Average Home Insurance Rates in Laredo, TX By Coverage Amount

Here’s a comparison chart illustrating the average annual premiums for homeowners insurance based on different dwelling coverage amounts. This coverage amount represents the maximum sum your insurance company will pay to rebuild or repair your home in case of damage or destruction.

Dwelling Coverage Amount Average Annual Premium
$200,000 $1,496
$250,000 $1,882
$350,000 $2,328
$400,000 $2,721

Average Home Insurance Rates in Laredo, TX by Company

Below is a table displaying annual premiums from some of the leading insurance providers in Laredo:

Company Annual Premium
Chubb $1,340
USAA $2,210
Nationwide $2,526
Universal North America $1,214
Allstate $2,740
State Farm $3,360
Hartford $2,330
Travelers $2,560
Amica $3,194

How Much is Homeowners Insurance for Other Cities in Texas?

Here’s a comparison chart outlining the most affordable insurance 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 such as Insuranceopedia make it effortless to find tailored coverage that suits your needs. They provide quick online quotes from multiple top-rated insurers, making it easy to compare rates.

All you need to do is enter your information, and Insuranceopedia will handle the rest by presenting you with a range of options customized to your preferences. This enables you to confidently choose a policy that offers the best value, striking the perfect balance between affordability and comprehensive coverage.

FAQs

Who has the cheapest home insurance in Laredo, TX?

Chubb provides the most cost-effective home insurance in Laredo, Texas, with an annual premium of $1,340.

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

Typically, homeowners insurance in Laredo, Texas, averages around $2,330 per year.

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