How much is homeowners insurance in Austin,TX

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In Austin, homeowners pay an average annual rate of $2,603 (for the coverage level of $300,000 for dwelling, $100,000 for liability protection, and $1,000 deductible), according to Insure.com’s rate analysis. It’s $99 more than the national average of $2,504.

Homeowners insurance rates change from one home to another. The home insurance premium in Austin depends on various factors, such as:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

To ensure you secure the best homeowners insurance policy, compare quotes from multiple insurers, enabling you to find the right coverage that aligns with your specific requirements.

Read this guide to learn how much homeowners insurance costs monthly in Austin, what home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in Austin.

Key takeaways

Homeowners insurance costs $2,603 per year in Austin.
At $2,408 per year, Progressive offers the cheapest homeowners insurance in Austin.
Your home insurance rates increase by $613 more annually if you increase your dwelling coverage from $200,000 to $300,000.

How much is homeowners insurance in Austin per month

According to our rate analysis, 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 United States.

In Austin, the cost of your homeowners insurance policy depends on the value of your home, location, and the coverage options you select.

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

The average cost of homeowners insurance in Austin, TX is $1,990 annually for the dwelling coverage of $200,000 and the liability protection of $100,000. The amount you pay for home insurance each year depends on many different things. The types of natural disasters or events that take place in your area affect how much you pay for coverage in your city.

Some areas are more at risk for natural disasters, like flood, hurricanes, or tornadoes. This means that if something happens, the cost of rebuilding would be higher in those areas, thereby leading to higher insurance premiums. Your insurance policy might not cover damage caused by floods or hurricanes. So, if you live in a flood-prone area, consider buying flood insurance coverage.

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

According to a rate analysis by Insure.com, homeowners in Austin pay an average of $2,603 per year for a $300,000 house. These rates are for the coverage limits of $100,000 for liability protection and $1000 deductible.

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. It would be best to buy enough insurance to cover the full 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

After evaluating several carriers, Progressive is the least expensive homeowners insurance provider in Austin. It’s average annual rate for homeowners in Austin is $2,408.

State Farm holds the second position, while Farmers secures the third spot with an average annual home insurance rate of $2,741.

Researching the insurance company is crucial before selecting a homeowners insurance policy. Our experts have analyzed all insurance providers in Austin and compiled a list of the cheapest home insurance providers. Below, you’ll find the home insurance companies in Austin 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

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 $1,000 deductible. The data presented are those with a good credit tier alignment.