How much is homeowners insurance in Austin, Texas?

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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 $1000 deductible), based on Insure.com’s rate data analysis. It’s $99 more than the national average of $2,504 .

However, homeowners insurance rates can vary drastically from one home to another. Home insurance rates in Austin depend on a number of factors, including:

The size of your home
The age of your home
The amount of coverage you need
Where you live
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

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

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

The cost of your homeowners insurance policy in Austin may change based on location, property value, and selected coverage options.

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

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’ll 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, its features, 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

Living in Texas comes with the possibility of natural disasters that can cause serious damage to your home and belongings. From costly repairs to large insurance claims, the financial impact can be significant. That’s why it’s important to know which types of disasters are most common in your area before selecting a home insurance policy.

Understanding your local risks allows you to customize your coverage – whether that means adjusting your policy limits, choosing a higher deductible, or adding protection for hazards like floods or earthquakes. Planning ahead helps ensure you’re fully covered when it matters most.

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

The best time to review your homeowners insurance is before a storm hits. If you’ve made upgrades to your home or live in a disaster-prone area, you may need more coverage than you think. A quick policy check now can prevent big financial losses later.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Austin for $300,000 dwelling coverage, $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.

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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.