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The Best Homeowners Insurance Companies in Texas in 2019

Texas’ average premium rate for homeowners insurance is $1947 per year. It’s much higher than the national average of $1173. That said, the amount you pay in your premium depends on the homeowners insurance provider you choose, and other factors such as the size of your home, its location, the risk of natural disasters, the crime rate in the area, etc.
Texas’ average premium rate for homeowners insurance is $1947 per year. It’s much higher than the national average of $1173. That said, the amount you pay in your premium depends on the homeowners insurance provider you choose, and other factors such as the size of your home, its location, the risk of natural disasters, the crime rate in the area, etc.

So, you’ve found the perfect home in Texas but are not sure about the best homeowners insurance company in the state? Don’t worry; we’re here to help you. A study conducted by the National Association of Insurance Commissioners has revealed that homeowners in Texas pay an average premium rate of around $1947 every year which is pretty high compared to the national average of $1173.

Like all other states, homeowners insurance premiums in Texas can vary. Various factors such as the location of your home, the risk of natural disaster in your area, the crime rate in your area, etc., may affect the premium pricing. Here, in this post, we’ll list the top 5 homeowners insurance providers in Texas, and discuss each briefly. We’ll also list a few things that you need to consider while picking the best homeowners insurance company.

Top 5 homeowners insurance providers in Texas

Here’s the list of top 5 homeowners insurance providers in Texas:

Allstate

Many homeowners in Texas prefer Allstate as their homeowners insurance provider. The company’s excellent customer satisfaction and financial ratings continue to impress homeowners in different parts of the state. The company has received an “A+” rating from A.M. Best, which means that it’s financially strong to process faster claims. They’ve also received a “very good” score from Consumer Reports for consistently maintaining high standards of customer satisfaction, deliver claims on time, and quickly address customer queries.

In addition to storm, fire, flood, etc., Allstate allows you to customize your homeowners insurance policy to include insurance on your valuables, water damage, sewer backups, and theft. You won’t find these many options with other homeowners insurance providers in Texas.

State Farm

When it comes to a strong financial portfolio, there’s not much difference between State Farm and Allstate homeowners insurance. In fact, State Farm has received an “A++” rating from A.M. Best for great financial stability, and a “very good” score from Consumer Reports for exceptional customer experience. Their claim processing system is quick and efficient.

State Farm provides homeowners with some of the same add-ons as Allstate, and massive discounts on smoke alarms, burglar alarms, home security systems, etc. However, their premium rates are a little higher than Allstate. You can quickly check their policies and calculate premium rates using the policy calculator on their site and app.

USAA

If you’re a part of the military or associated with the military in any way, USAA can be an ideal homeowners insurance provider for you. Like State Farm, they’ve received an “A++” rating from A.M. Best, and an “excellent” score from Consumer Reports. This clearly shows that homeowners are extremely satisfied with the policies and claim processing offered by USAA. However, their website is not very engaging, and does not have enough information about their policies, services, etc.

Looking for a bundled policy? You can make the most of a flat 10% discount for bundling auto and homeowners insurance in Texas.

Liberty Mutual

When it comes to financial stability, it is one area when Liberty Mutual lacks a little. Their A.M. Best rating is lower than the ratings of the homeowners insurance providers listed above, and they’ve received a “very good” score from Consumer Reports for customer satisfaction.

There’s not much difference between the discounts provided by Allstate and Liberty Mutual. With Liberty Mutual, you have an added advantage if you’re working for certain companies, affiliated with certain universities, or are a government employee. Want to know more about Liberty Mutual? Switch to their MasterThis online courses to learn more about their policies.

There’s something that homeowners are simply loving about Liberty Mutual - a “Home Gallery App” that allows them to store the pictures of their home and valuable to attach with claims in the event of theft or a natural disaster.

Farmers

Farmers and Liberty Mutual have received almost similar ratings from A.M. Best and Consumer Reports for financial stability and customer satisfaction. When it comes to discounts and coverages, their policy structures are pretty much similar to the policies offered by State Farm. Overall, their insurance policies are comprehensive, and decent. However, their site is not very informative, and their app lacks certain essential features such as image upload for claims.

So, if you’re not satisfied with the premium rates offered by the homeowners insurance companies mentioned above, you can request a quote from Farmers, and see what they have to offer you.

Additional Considerations Before You Commit to a Homeowners Insurance Carrier

Now that you’ve identified the top 5 homeowners insurance companies in Texas, check these additional tips below to make an informed decision, and choose the best homeowners insurance provider:

  1. Check the list of deductibles in your policy carefully. Especially lookout for the “Windstorm” deductible included in most homeowners insurance policies in Texas.
  2. Before picking one homeowners insurance company, compare the premium rates of all the companies. Also, don’t forget to look at their claim processing durations.
  3. Make sure you look at the financial stability and customer satisfaction rating of the company before buying homeowners insurance from them.
  4. If your policy does not include flood insurance, get in touch with a good insurance agent. In Texas, homeowners mostly get flood insurance directly the National Flood Insurance Program. You can’t buy flood insurance from them directly, but your agent can.
  5. Talk to other homeowners in Texas and see what they have to say about the homeowners' insurance companies mentioned in the post. You can also consult third-party review sites, and social media pages to check the existing reviews and ratings of the companies.

If you’re currently evaluating your options for homeowners insurance on your next property in Texas, a good first step is to connect with an experienced local real estate agent.

Agents can provide valuable guidance and advice on what kind of coverage you should be looking for, how much you’ll need given your property type and location, and make recommendations that can help you save on your monthly premium. They can also point you in the direction of quality insurance carriers and trustworthy local agencies or independent agents.

Fill out our online form to connect with a top-rated buyer's agent near you for a no-obligation, introductory call.

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Andrew Schmeerbauch

Andrew Schmeerbauch is the Director of Marketing at Clever Real Estate, the free online service that connects you top agents to save on commission. His focus is educating home buyers and sellers on navigating the complex world of real estate with confidence and ease. Andrew has worked on projects for the United Nations and USC and has a particular passion for investing and finance. Andrew's writing has been featured in Mashvisor, L&T, Ideal REI, and Rentometer.

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