How much is homeowners insurance in Austin, Texas?

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Our data shows that the average cost of homeowners insurance in Austin is $2,603 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1,000 deductible). It’s $99 more than the national average of $2,504 .

Homeowners insurance rates differ significantly from one home to another. Home insurance rates in Austin depend on several factors, including:

Size of your home
Age of your home
Amount of coverage required
Location
Your credit score

It’s crucial to compare quotes from multiple insurers to ensure you get the best homeowners insurance policy. This allows you to find the coverage that meets your specific needs.

Read our guide to discover the monthly homeowners insurance cost in Austin, explore the insurance costs for different dwelling coverage, and find out which companies offer affordable home insurance in Austin.

Key Takeaways

The average cost of homeowners insurance in Austin is $2,603 per year.
Progressive is the cheapest homeowners insurance company in Austin with an average annual premium of $2,408 .
If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $613 more a year for home insurance.

How much is homeowners insurance in Austin per month?

How much you pay for a homeowners insurance policy depends on the value of your home, your location, and the coverage options you select.

Homeowners in Austin pay an average of $217 per month. It’s $103 less than the state average of $320 and $8 more than the national average for home insurance across the nation.

How much is homeowners insurance for a $200,000 house in Austin?

In Austin, homeowners pay an average of $1,990 annually for a $200,000 home. The annual cost of home insurance is influenced by factors such as the risk of natural disasters in your area.

Regions more susceptible to natural disasters, such as floods, hurricanes, or tornadoes, typically face higher rebuilding costs, leading to increased insurance premiums. Keep in mind that standard insurance policies might not cover damages caused by floods or hurricanes. If you live in a flood-prone area, you should purchase flood insurance.

How much is homeowners insurance for a $300,000 house in Austin?

As per rate analysis by Insure.com, homeowners residing in Austin typically pay an average of $2,603 annually to insure a home for coverage limits of $300,000 dwelling, $100,000 liability protection with a $1,000 deductible.

Your home insurance rates will be increased by $613 if you increase your dwelling coverage from $200,000 to $300,000. It is advisable to buy enough insurance to cover the entire cost of rebuilding your home. However, the amount of dwelling coverage you need may vary depending on the size of your home, the features in your home, and the cost of living in your area.

How much is homeowners insurance in Austin by company?

Among the carriers we analyzed, Progressive is the most affordable homeowners insurance company in Austin. Its average annual rate for homeowners in Austin is $2,408 , while State Farm ranks second.

Research on the company is essential before selecting a homeowners insurance policy. Insure.com has thoroughly examined all insurance companies operating in Austin and compiled a list of the most affordable home insurance companies.

Below are details of Austin home insurance companies and their average annual premiums.

Home insurance company	Annual rate
Progressive	$2,408
State Farm	$2,682
Farmers	$2,741
Nationwide	$3,425
USAA*	$2,297

*USAA is only available to military community members and their families.

Combining your home insurance with other policies, like auto insurance, can result in significant savings. Insurers often provide discounts to policyholders who bundle their policies, helping you reduce premiums. Bundling lowers your premiums and simplifies managing your insurance with one company.

Natural disasters in Texas that can impact your home insurance

Natural disasters are a part of life in Texas, often leading to expensive insurance claims. That’s why it’s so important to understand which disasters are most likely in your area before choosing a home insurance policy.

When you’re aware of the specific risks in your region, you can tailor your coverage to match – whether that means increasing your policy limits, choosing a deductible you’re comfortable with, or adding extra protection for uncovered events. Taking these steps now can help you avoid being underinsured and give you more financial security if a natural disaster hits your area.

Texas is commonly affected by Cold wave, Hail, Heat wave, Lightning, Riverine flooding, Strong wind, Tornado and Winter weather.

How home insurance protects you against natural disasters

If your home is hit by a covered event, your insurance can help pay for repairs, replace your belongings, and even cover temporary housing if you can’t live in your home. Having the right coverage in place can make it a lot easier to get back on your feet after a disaster.

That said, not everything is automatically included. While most standard policies cover things like wind, hail, and lightning, you’ll usually need extra coverage for disasters like floods, earthquakes, or wildfires. It’s worth taking the time to understand exactly what your policy includes so there are no surprises when you need it most.

TIP

There’s little time to prepare for a natural disaster, and it’s too late to make changes once a storm is on the radar. Make sure your homeowners insurance includes coverage for the types of disasters common in your area. Standard policies don’t always cover everything, like flood damage, so double-check exclusions and consider add-ons if you need them.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Austin for $300,000 dwelling coverage and $100,000 liability coverage with a $1000 deductible. The data presented are those with a good credit tier alignment.

How much is home insurance in other cities?

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Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.