Cheapest home insurance in Texas (July 2024)

According to our analysis, the cheapest home insurance companies in Texas are Farmers, State Auto, Texas Farm Bureau, Lighthouse Property Insurance, and Chubb.

Headshot of Rachael Brennan

By

Rachael BrennanSenior Editor & Licensed Auto Insurance ExpertRachael Brennan is a senior editor and a licensed auto insurance expert at Policygenius. Her work has also been featured in MoneyGeek, Clearsurance, Adweek, Boston Globe, The Ladders, and AutoInsurance.com.

Edited by

Jennifer GimbelJennifer GimbelSenior Managing Editor & Home Insurance ExpertJennifer Gimbel is a senior managing editor at Policygenius, where she oversees all of our insurance coverage. Previously, she was the managing editor at Finder.com and a content strategist at Babble.com.

Published|2 min read

Policygenius content follows strict guidelines for editorial accuracy and integrity. Learn about our editorial standards and how we make money.

Farmers is the cheapest home insurance company in Texas, with rates as low as $484 per year — around $1,300 cheaper than the national average of $1,724 annually. Another plus? This insurer made our list of the best home insurance companies in Texas.

Compare home insurance rates in Texas

Cheapest homeowners insurance companies in Texas

Based on our analysis, Farmers, State Auto, Texas Farm Bureau, Lighthouse Property Insurance, and Chubb are the five cheapest home insurance companies in Texas, with statewide average premiums ranging from $484 to $2,201 per year. USAA, State Farm, and Mercury are also among the most affordable home insurance carrier options for Texas residents in 2023, as detailed in the table below.

Company

Average annual cost

Farmers

$484

State Auto

$665

Farm Bureau Insurance

$722

Lighthouse Property Insurance

$1,353

Chubb

$2,201

USAA

$2,703

State Farm

$2,743

Mercury

$2,760

IAT Insurance

$3,699

Texas FAIR plan Association

$3,964

UPC Insurance

$4,196

AmGUARD Insurance

$4,206

Nationwide

$4,456

Progressive

$5,102

Amica

$5,168

Collapse table
Methodology and why you can trust our rates

Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:

  • Dwelling: $300,000

  • Other structures: $30,000

  • Personal property: $150,000

  • Loss of use: $60,000

  • Liability: $300,000

  • Medical: $1,000

All rates based on the above coverage limits except where otherwise noted.

Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.

Cheapest home insurance rates with a history of claims

One of the biggest factors that plays a role in your home insurance premium is your claims history. You'll typically pay more for home insurance if you have multiple claims on your record, since insurers perceive you as posing a greater risk of filing more.

Here's the cheapest home insurance companies in Texas for a homeowner with three claims within a five-year period:

Company

Average annual cost

Farmers

$790

Farm Bureau Insurance

$807

State Auto

$1,472

Lighthouse Property Insurance

$2,043

Chubb

$2,437

State Farm

$2,740

USAA

$3,004

Progressive

$4,044

AmGUARD Insurance

$5,406

Mercury

$5,656

Texas FAIR Plan Association

$6,231

IAT Insurance

$6,340

Nationwide

$6,719

UPC Insurance

$8,134

Amica

$9,755

Collapse table

Compare home insurance rates in Texas

Cheapest home insurance rates if you have poor credit

Generally, individuals with better credit scores pay lower home insurance premiums. Insurance companies have found that customers with lower credit scores file more claims for small losses, like a pipe leak, since they may not be in a financial position to pay for these damages out of pocket.

Here's the cheapest homeowners insurance in Texas for a homeowner with poor credit.

Company

Average annual cost

Farmers

$1,026

Farm Bureau Insurance

$1,072

Lighthouse Property Insurance

$1,353

State Auto

$2,471

USAA

$3,305

Texas FAIR Plan Association

$3,964

State Farm

$4,711

Mercury

$4,944

Nationwide

$5,734

Chubb

$6,031

AmGUARD Insurance

$6,204

UPC Insurance

$6,660

Amica

$6,671

Progressive

$6,713

IAT Insurance

$10,741

Collapse table

Cheapest home insurance rates if you have an older home

The median age of homes in Texas is 33 years old, according to an analysis of U.S. census data by House Method. And like everything else, the age of your home plays a role in how much you pay for home insurance in Texas.

Older and historic homes are usually more expensive to insure than newer homes. This is because insurers consider them a higher risk than newer homes since they can be fragile, their construction materials may be obsolete, and certain structural components like the roof or plumbing may not be in good shape or up to current-day code. Because of this, they'll charge higher premiums to offset the risk.

Here's the cheapest home insurance in Texas for a home that's over 50 years old:

Company

Average annual cost

Farmers

$511

State Auto

$701

Farm Bureau Insurance

$722

Lighthouse Property Insurance

$1,394

Chubb

$1,968

Progressive

$2,682

State Farm

$2,740

USAA

$2,765

Mercury

$2,873

Texas FAIR plan Association

$3,964

IAT Insurance

$4,143

Nationwide

$4,144

UPC Insurance

$4,168

AmGUARD Insurance

$4,534

Amica

$5,912

Collapse table

How to lower the cost of home insurance

You can lower your homeowners insurance in Texas by taking advantage of discounts offered through your home insurance company. This might mean bundling your home and auto policies together for discounts off your premiums, or adding security systems to your home. 

Another way to lower your homeowners insurance rates is by opting for a higher deductible. Just keep in mind a higher deductible means you’ll have to pay more money out of pocket when you file a claim.

Common home insurance discounts

Many insurance companies offer discounts for bundling home and auto insurance, paying your premium up front, not filing claims, and more. These are just some of the discounts that can add up to big savings on your policy:

  • Bundling discount

  • Claims-free discount

  • Affiliation discount

  • Protective devices discount

  • New construction discount

Learn more >> Homeowners insurance discounts

Compare home insurance rates in Texas

Author

Rachael Brennan is a senior editor and a licensed auto insurance expert at Policygenius. Her work has also been featured in MoneyGeek, Clearsurance, Adweek, Boston Globe, The Ladders, and AutoInsurance.com.

Editor

Jennifer Gimbel is a senior managing editor at Policygenius, where she oversees all of our insurance coverage. Previously, she was the managing editor at Finder.com and a content strategist at Babble.com.

Questions about this page? Email us at .