Best homeowners insurance in Dallas, TX for 2022

Gianetta Palmer

By 

Gianetta Palmer

Gianetta Palmer

Freelance contributor

Gianetta Palmer is a freelance writer who lives in the Georgia mountains. Her writing on health and car insurance, has appeared on numerous sites.

Updated

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Dallas is the ninth-largest city in the United States and is fondly known as “Triple D” by local residents. With so many moving into the Dallas-Fort Worth area, home prices are significantly higher than other parts of the state, and with several weather extremes in recent years, homeowners insurance is more important than ever.

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The average cost of homeowners insurance in Dallas is $3,559 per year or $297 a month. This is around 15% higher than the statewide average of $3,080 per year, and about 47% higher than the national average of $1,899. 

However, cost isn’t the only factor to consider when choosing a home insurance company. Not sure what to look for? Policygenius can help you figure out your coverage needs and compare quotes from multiple top companies in Dallas.  

Best homeowners insurance companies in Dallas

Of the companies we analyzed, Farmers has the lowest rate, with an average annual policy cost of $556 per year — almost $3,000 less than the city average. Texas Farm Bureau has the next lowest average rates at $742 per year and offers customers reliable customer service with many local agents throughout the state.

Policygenius analyzed thousands of quotes from the 5 largest Dallas insurers to find the average cost of homeowners insurance with each company in 2022. We then looked at 2021 J.D. Power customer satisfaction scores and compared that with the coverage needs of Dallas residents to find the best homeowners insurance in Dallas.

Company

Average yearly cost

J.D. Power Rating

State Farm

$2,799

835

USAA

$2,955

882

Farmers

$556

813

Nationwide

$6,760

812

Texas Farm Bureau Insurance

$742

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State Farm

State Farm logo

There's a reason State Farm is one of the top-rated insurance companies in the U.S. — its customer satisfaction ratings are through the roof, it offers a slew of coverage add-ons for full protection, and makes filing claims through its mobile app a breeze.

Pros

  • Top-tier coverage add-ons, including equipment breakdown, water backup, and service line coverage

  • Get up to $1 million in personal liability coverage

  • Score discounts for bundling, installing security devices, and choosing a high deductible

  • File and track claims online, over the phone, in person, or through its mobile app

  • High customer satisfaction and financial strength ratings

Cons

  • No discounts for first-time homebuyers or going a year without a claim

Why State Farm tops our best list

State Farm has an excellent rating with J.D. Power and its rates are $700 less than the city average, making State Farm a great all-around insurance option in Dallas.

One potential reason for State Farm’s high J.D. Power ratings is how easy they make it to manage and use your policy. Customers can easily file claims online, through State Farm’s signature app, or by calling and speaking with an agent directly.

It also offers a complete line of insurance options, including several coverage add-ons like water backup and equipment breakdown, but doesn’t offer discounts for first-time homebuyers or going a specific time without a claim.

How to get a quote

Online through State Farm

USAA

USAA logo

USAA's robust coverages and high marks for customer service and claims satisfaction make it a solid home insurance option for military members and their families.

Pros

  • Score discounts for zero claims, being a loyal USAA member, opting into e-billing, and more

  • Base policy includes coverages that cost extra with most other companies

  • Offers earthquake coverage — which is hard to come by

  • Get discounted home security systems and a discount on premiums through its partnership with ADT

  • Industry-best customer service and claims satisfaction ratings

Cons

  • Only available to military families

  • Doesn’t offer extended or guaranteed replacement cost dwelling coverage

Why USAA tops our best list

It’s no surprise that USAA is the number one choice for military service members and their families. USAA customers can score discounts for zero claims and opting for e-billing, and its base policy includes coverages that typically cost extra with other companies.

Along with its multiple savings and coverage options, USAA also has some of the highest customer service and claims satisfaction ratings with J.D. Power.

How to get a quote

Online through USAA

Farmers

Farmers logo

Farmers is one of the largest and most reputable home insurance providers in the industry, offering special discounts for teachers, nurses, first responders, and non-smokers — plus the option to rebuild your home with green materials after a claim.

Pros

  • Several discounts and unique ways to save, including claim forgiveness and declining deductibles

  • 3 flexible coverage packages with varying levels of protection for most coverage and budget needs

  • Offers extended and guaranteed replacement cost coverage options

  • File claims online, via text, on its mobile app, or by calling its claims center

Cons

  • Rates are typically more expensive

  • Below-average customer satisfaction ratings

  • No repair network to help you find a certified contractor or repair professional after filing a claim

Why Farmers tops our best list

Farmers may be one of the largest insurance companies in the country, but it hasn’t forgotten about those who serve our neighborhoods and local communities. Farmers offers special rates to teachers, firefighters, and various affinity groups. You can also qualify for discounts by living in a smoke-free home, going a certain number of years without filing a claim, or choosing e-billing.

In addition to saving opportunities, Farmers also offers unique coverage options, including an add-on that gives you the option to use green materials to rebuild your home after a loss. 

How to get a quote

Online through Farmers

Nationwide

Nationwide logo

Nationwide offers flexible home insurance policy options for every home type and income level. And we love its slew of discounts for everything from having a newish roof to living in a gated community.

Pros

  • Offers lots of coverage add-ons, including flood and earthquake insurance

  • Option to rebuild roof with stronger, safer materials after a covered loss

  • Score discounts for living in a gated community, making home renovations, having a newer roof, and more

  • Seamlessly submit claims online or through its mobile app

  • Above-average claims satisfaction rating

Cons

  • Below-average customer satisfaction ratings

  • Water backup coverage is more expensive than with other insurers

Why Nationwide tops our best list

Nationwide combines a high customer satisfaction rating with J.D. Power with industry best coverage add-ons, including flood insurance and earthquake coverage. Nationwide also offers numerous discount options, including discounts for living in a gated community or having a newer roof.

Additionally, Nationwide provides a hassle-free customer experience — you can easily submit claims online or through its mobile app.

How to get a quote

Online through Policygenius or Nationwide

Texas Farm Bureau Insurance

Texas Farm Bureau Insurance logo

On top of its stellar customer satisfaction ratings, Texas Farm Bureau Insurance offers everything from home, auto, and life insurance to ranch, farm, and commercial coverage — allowing you to keep all of your policies under one roof.

Pros

  • Offers home, farm, ranch, commercial, life, and auto insurance — letting you keep all of your policies with one company

  • High customer satisfaction ratings for 10 years running

  • File claims online — with 24/7 customer support

Cons

  • Farm Bureau membership required for coverage

  • Minimal information about coverages and discounts available online

Why Texas Farm Bureau Insurance tops our best list

Texas Farm Bureau Insurance offers a complete line of insurance products from auto, commercial, home, life, and others, allowing you to bundle all of your policies under one roof.

With its local agents and offices, Texas Farm Bureau is a great option for those looking for personable service at an affordable rate. 

How to get a quote

By calling Texas Farm Bureau

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Cheapest homeowners insurance companies by ZIP code in Dallas

Looking at average home insurance costs for 15 of the most popular companies in Dallas, we found that the cheapest home insurance in the city can be found in the 75211 and 75212 ZIP codes (Arcadia Park, Cockrell Hill, Kenwood, and Eagle Farm) with Farmers. The average Farmers rate in this area is $384 per year — $3,200 less than the city average of $3,599 per year. 

To score the cheapest homeowner insurance rates in Dallas, homeowners should choose Farmers as their home insurance provider. Farmers rates were thousands of dollars less than the city’s average in all 52 ZIP codes.

ZIP code

Company

Average yearly cost

75201

Farmers

$563

75202

Farmers

$563

75203

Farmers

$563

75204

Farmers

$515

75206

Farmers

$486

75207

Farmers

$563

75208

Farmers

$498

75209

Farmers

$629

The most affordable areas for homeowners insurance in Dallas

With an average home insurance rate of $3,340 per year, the 75206 ZIP code (Glencoe Park), is the most affordable area for home insurance in Dallas. With its close proximity to White Rock Lake Park and other local attractions, plus below-average homeowner insurance rates, the Glencoe Park neighborhood is one of the most sought-after areas in the city to own a home.

ZIP code

Average yearly cost

75206

$3,340

75218

$3,351

75238

$3,351

75219

$3,366

75204

$3,407

The most expensive areas for homeowners insurance in Dallas

With an average annual premium of $3,850, the 75244 ZIP code (Farmers Branch) is the most expensive ZIP code in Dallas for home insurance. But keep in mind that this is only around $300 more than the city average of $3,559. 

If you live in these five neighborhoods, your rates will be among the highest in Dallas.

ZIP code

Average yearly cost

75244

$3,850

75229

$3,816

75216

$3,765

75247

$3,722

75230

$3,715

Shopping for homeowners insurance in Dallas

Shopping for home insurance in Dallas is necessary to be sure you are protected if disaster strikes. With unpredictable weather and a high cost of living, your home insurance is a valuable part of your life that shouldn’t be ignored. So you’ll want to find the best coverage at a price that works for you.

In this section, we break down the average annual home insurance rates in Dallas for different coverage and deductible levels, as well as the cheapest and most expensive home insurance companies in the state for individuals with a poor credit score, dog owners, and pool owners. 

Once you’re ready to shop, a Policygenius expert can help you navigate your coverage needs and help you find the best deal on homeowners insurance in Dallas.

Dallas home insurance costs by coverage amounts

Dwelling coverage is that part of your home insurance policy that pays to rebuild your home from the ground up after a covered loss. 

In Dallas, the average annual home insurance rate for a home with $400,000 in dwelling coverage is $4,601, nearly $1,000 higher than the state average. With raw materials and labor costs so expensive, you’ll want to ensure you’ve purchased enough coverage to protect your home after a covered loss.

Dwelling coverage amount

Average yearly cost

$100,000

$1,624

$200,000

$2,542

$300,000

$3,559

$400,000

$4,601

$500,000

$5,683

Personal liability coverage is the part of your home insurance policy that pays for medical bills if you’re legally responsible for an injury on your property. This coverage also protects your assets if an injured party tries to sue you for damages, so you make sure your coverage limit is roughly equal to the value of your assets.

As the table below reflects, additional liability coverage doesn’t necessarily mean higher average home insurance rates in Dallas. While adding more liability coverage to your individual policy will likely make your rates go up, the increase is often minimal.

Liability coverage amount

Average yearly cost

$100,000

$3,581

$200,000

$3,614

$300,000

$3,559

$400,000

$5,024

$500,000

$3,245

Dallas home insurance costs by deductible amount

Your deductible is the amount you’re responsible for paying on an insurance claim before your insurance kicks in after a covered loss. If you’ve been affected by the weather extremes in Texas over the last several years and filed multiple claims, you might want to consider a smaller deductible.

As seen in the table below, Dallas residents can save around $500 on home insurance by choosing a $2,000 deductible over the $500 option.

Deductible amount

Average yearly cost

$500

$3,971

$1,000

$3,837

$2,000

$4,502

Home insurance discounts in Dallas

For such a large city, Dallas has a relatively low crime rate compared to other larger cities. While you won’t get a huge discount if your house has one of the following features and nothing else, they can add up if you have several protective devices in your home. 

Here is the average annual rate and average discount percentage for homes in Dallas with deadbolts, smoke alarms, or burglar alarms. 

Discount

Average yearly cost

Dead bolt

$3,540

Smoke alarm

$3,551

Burglar alarm

$3,472

Home insurance companies in Dallas for dog owners

Many homeowners in Dallas have one or more dogs in their household, but if your dog is considered an “aggressive breed,” your home insurance rates may cost more. Many insurers charge higher rates for dangerous dog breeds and could even deny you coverage altogether if you own one.

With an average rate of $556 per year, Farmers has the cheapest home insurance rates in Dallas for a home with a dangerous dog breed, while Nationwide's average yearly premium of $6,760 is the highest. 

Company

Average yearly cost

Farmers

$556

Texas Farm Bureau Insurance

$742

State Farm

$2,799

USAA

$2,955

Nationwide

$6,760

Home insurance companies in Dallas for poor credit

A bad credit score does more than just cost you a few dollars in late payment fees, it can also make your auto and home insurance rates thousands higher than someone with good credit. 

With an average rate of $1,088 per year, Texas Farm Bureau has the cheapest home insurance rates in Dallas for a homeowner with poor credit, while Nationwide's average yearly premium of $8,144 is the highest. 

Company

Average yearly cost

Texas Farm Bureau Insurance

$1,088

Farmers

$1,192

USAA

$3,715

State Farm

$4,807

Nationwide

$8,144

Home insurance companies in Dallas for pool owners

A swimming pool is a great way to cool off during the scorching summer months in Dallas, but you might want to increase the amount of liability coverage on your home. Home insurance companies consider pools to be a liability risk and will often charge more for coverage if your house has one. 

With an average rate of $556 per year, Farmers has the cheapest home insurance rates for Dallas homes that have a swimming pool, while Nationwide has the most expensive rates at $6,760 per year.

Company

Average yearly cost

Farmers

$556

Texas Farm Bureau Insurance

$742

State Farm

$2,799

USAA

$2,955

Nationwide

$6,760

How to buy homeowners insurance in Dallas

Since home insurance is so expensive in Dallas and there’s so many options to choose from, you’ll want to be sure you’re comparing policies from multiple companies and selecting the best coverage for your needs. Here are some easy steps to take as you shop for home insurance in Dallas:

  1. Reach out to a licensed Policygenius agent. Our team of experienced agents can help you get affordable quotes from top providers. We can help you determine which coverage works best for you and how much protection you’ll need to ensure your home is fully covered in the event disaster strikes.

  2. See if you need additional wildfire, flood, or hurricane coverage. Given the unpredictable weather and tornadoes in Texas, consider purchasing additional dwelling coverage or flood insurance to protect your home against catastrophic losses.

  3. Figure out a deductible amount you can afford. A higher deductible means you’ll pay less for homeowners insurance, but you’ll also pay more out of pocket on each claim. A Policygenius agent can help you pick out a deductible that works within your budget.

  4. Compare quotes from a Policygenius agent. Once you’ve identified your coverage needs, limits, and deductibles, a Policygenius agent will send over quotes from top companies so you can review your options.

  5. Sign the policy, and pay your first premium. Policygenius will do all of the paperwork for you, and will even cancel your old policy if it isn’t expired yet. All you need to do is sign on the dotted line and pay your first premium. It’s that easy!

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Frequently asked questions

What is the average home insurance cost in Dallas?

The average home insurance rate in Dallas is $297 a month. That’s about $40 more per month than the statewide average.

Why is home insurance so expensive in Dallas?

Home insurance is so expensive in Dallas for a number of reasons, including: high construction costs, inflation, and the city’s unique weather-related risks that include tropical storms, tornados, and even Arctic temperatures.

Do I need additional home insurance if I put in a swimming pool?

If you’re lucky enough to have a swimming pool in your backyard, you should purchase additional liability coverage to protect you against potentially expensive pool-related injuries, like a guest slipping and falling. For the section of your policy that covers property damage, providers may classify an above-ground pool as personal property and an inground pool as part of your “other structures,” which could affect how much you’re reimbursed on a pool damage claim.

Is it mandatory to have homeowners insurance in Texas?

It isn’t mandatory to have homeowners insurance in Texas unless you have a mortgage on your property. Mortgage lenders require insurance for the full 100% replacement value of your home to protect their investment in the event of a disaster.

Methodology

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.