How much is homeowners insurance in Plano,TX

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As per Insure.com’s rate data analysis, the average cost of homeowners insurance in Plano is $4,083 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1000 deductible), It’s $1,579 more than the national average of $2,504 .

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

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

Farmers is the cheapest homeowners insurance company in Plano with an average annual premium of $4,083 per year.

This guide covers everything from available coverage options to companies with the cheapest homeowners insurance rates in Plano. Keep reading to learn about the monthly cost of homeowners insurance in Plano, the cost for different dwelling coverage levels, and discover which companies provide the most affordable home insurance in Plano.

Key takeaways

The cost of your homeowners insurance policy in Plano can vary based on factors such as your location, the value of your home, and the coverage options you select.
Farmers is the cheapest homeowners insurance company in Plano with an average annual premium of $3,897.
If you increase your dwelling coverage from $200,000 to $300,000, you will pay $939 more, annually for home insurance.

How much is homeowners insurance in Plano per month

According to our rate analysis, homeowners in Plano pay an average of $340 per month. It’s $20 more than the state average of $320 and $131 more than the national average for home insurance across the United States.

In Plano, 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 Plano

The average cost of homeowners insurance in Plano, TX is $3,144 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 Plano

As per rate analysis by Insure.com, homeowners residing in Plano typically pay an average of $4,083 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 $939 if you increase your dwelling coverage from $200,000 to $300,000. It is advisable to buy enough insurance sufficient 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 Plano by company

After evaluating several carriers, Farmers is the least expensive homeowners insurance provider in Plano. It’s average annual rate for homeowners in Plano is $3,897.

State Farm holds the second position, while Progressive secures the third spot with an average annual home insurance rate of $4,520.

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

Home insurance company	Annual rate
Farmers	$3,897
State Farm	$3,960
Progressive	$4,520
Nationwide	$7,001
USAA*	$3,414

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Plano 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.