Best homeowners insurance in Dallas, TX for 2022

We looked at average costs, 3rd-party ratings, and policy options to find the best and cheapest homeowners insurance companies in Dallas.

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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.

&Pat Howard

Pat Howard

Managing Editor & Licensed Home Insurance Expert

Pat Howard is a managing editor and licensed home insurance expert at Policygenius, where he specializes in homeowners insurance. His work and expertise has been featured in MarketWatch, Real Simple, Fox Business, VentureBeat, This Old House, Investopedia, Fatherly, Lifehacker, Better Homes & Garden, Property Casualty 360, and elsewhere.

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By

Pat Howard

Pat Howard

Managing Editor & Licensed Home Insurance Expert

Pat Howard is a managing editor and licensed home insurance expert at Policygenius, where he specializes in homeowners insurance. His work and expertise has been featured in MarketWatch, Real Simple, Fox Business, VentureBeat, This Old House, Investopedia, Fatherly, Lifehacker, Better Homes & Garden, Property Casualty 360, and elsewhere.

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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.

The average cost of homeowners insurance in Dallas is $3,559 per year for a policy with $300,000 in dwelling coverage, according to our analysis of 2022 premiums. This is around 15% higher than the Texas average of $3,027 per year, and about 47% higher than the national average. 

Compare home insurance rates in Dallas

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Compare the best cheap home insurance companies in Dallas

To find the best cheap homeowners insurance in Dallas, Policygenius rated over a dozen of the largest insurance companies in Texas across several categories, such as average policy cost, financial strength ratings with AM Best, customer and claims satisfaction scores with J.D. Power, available policy options, and more.

Based on our findings, USAA, State Farm, Chubb, Farmers, and Texas Farm Bureau Insurance are the best homeowners insurance companies in Dallas.

Company

Policygenius rating

Average monthly cost

USAA

4.9 out of 5

$233

State Farm

4.5 out of 5

$228

Chubb

4.3 out of 5

$215

Farmers

4.1 out of 5

$46

Texas Farm Bureau Insurance

N/A

$62

USAA

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.

Learn more >> USAA home insurance review

State Farm

State Farm has an excellent rating with J.D. Power and its rates are $700 less than the city average, making it 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.

Learn more >> State Farm home insurance review

Chubb

While Chubb’s rates tend to be higher, its insurance offerings go above and beyond that of most other companies. A base policy with Chubb includes enhanced coverage for both your home and your personal property, and you don’t need to pay a deductible on property damage greater than $50,000. That means if your home is leveled in a storm or destroyed by fire, you don't have to pay an out-of-pocket policy deductible.

Learn more >> Chubb homeowners insurance review

Farmers

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. 

Learn more >> Farmers home insurance review

Texas Farm Bureau Insurance

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. 

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Dallas home insurance rates by ZIP code

Home insurance rates can vary substantially depending on which ZIP code your home is located in, as homes in certain Dallas neighborhoods may be more prone to extreme weather damage or property crime than others.

To help you find out how much home insurance costs where you live, we calculated average home insurance rates for 51 ZIP codes in Dallas.

ZIP code

Average annual cost

Difference from city average (%)

75201

$3,468

-4%

75202

$3,725

3%

75203

$3,513

-3%

75204

$3,407

-6%

75206

$3,340

-7%

75207

$3,735

4%

75208

$3,547

-2%

75209

$3,656

1%

75210

$3,478

-4%

75211

$3,503

-3%

75212

$3,435

-5%

75214

$3,438

-5%

75215

$3,803

5%

75216

$3,877

7%

75217

$3,437

-5%

75218

$3,351

-7%

75219

$3,366

-7%

75220

$3,633

1%

75223

$3,522

-2%

75224

$3,634

1%

75226

$3,557

-1%

75227

$3,492

-3%

75228

$3,445

-5%

75229

$4,013

11%

75230

$3,906

8%

75231

$3,461

-4%

75232

$3,818

6%

75233

$3,601

0%

75235

$3,698

3%

75236

$3,494

-3%

75237

$3,714

3%

75238

$3,351

-7%

75240

$3,834

6%

75241

$3,866

7%

75242

$3,652

1%

75243

$3,579

-1%

75244

$4,042

12%

75246

$3,561

-1%

75247

$3,722

3%

75248

$3,850

7%

75249

$3,620

0%

75251

$3,676

2%

75252

$3,566

-1%

75253

$3,519

-2%

75254

$3,824

6%

75260

$3,440

-5%

75270

$3,517

-3%

75275

$3,780

5%

75287

$3,687

2%

75342

$3,503

-3%

75398

$3,554

-1%

Cheapest ZIP codes for home 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 annual cost

Difference from city average (%)

75206

$3,340

-7%

75238

$3,351

-7%

75218

$3,351

-7%

75219

$3,366

-7%

75204

$3,407

-6%

75212

$3,435

-5%

75217

$3,437

-5%

75214

$3,438

-5%

75260

$3,440

-5%

75228

$3,445

-5%

Most expensive ZIP codes for home insurance in Dallas

With an average annual premium of $4,042, the 75244 ZIP code (Farmers Branch) is the most expensive ZIP code in Dallas for home insurance. If you live one of these 10 ZIP codes, your rates might be among the highest in Dallas.

ZIP code

Average annual cost

Difference from city average (%)

75244

$4,042

12%

75229

$4,013

11%

75230

$3,906

8%

75216

$3,877

7%

75241

$3,866

7%

75248

$3,850

7%

75240

$3,834

6%

75254

$3,824

6%

75232

$3,818

6%

75215

$3,803

5%

Learn more >> Home insurance rates by ZIP code

Dallas home insurance costs by coverage amount

Dwelling coverage is the part of your home insurance policy that pays to rebuild your home from the ground up after a covered loss. Your home insurance costs are generally based on how much of this coverage you need.

In Dallas, the average annual home insurance rate for a home with $500,000 in dwelling coverage is $5,683 — over $2,000 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 level

Average annual cost

$100,000

$1,624

$200,000

$2,542

$300,000

$3,608

$400,000

$4,601

$500,000

$5,683

Dallas home insurance costs by deductible amount

A 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 $1,800 on home insurance each year by choosing a $2,500 deductible instead of a $500 deductible.

Deductible level

Average annual cost

$500

$3,918

$1,000

$2,595

$2,500

$2,161

The cheapest homeowners insurance companies in Dallas

Based on our analysis, Farmers, Texas Farm Bureau, and State Auto have the cheapest average home insurance prices in Dallas, with average premiums of $556, $742, and $890 per year, respectively.

In addition to these insurers, average home insurance rates for five other Dallas companies have average rates below the Dallas average of $3,608, including Mercury, State Farm, and USAA.

Company

Average annual cost

Farmers

$556

Texas Farm Bureau Insurance

$742

State Auto

$890

Lighthouse Property Insurance

$1,674

Mercury

$2,737

State Farm

$2,799

USAA

$2,955

IAT Insurance Group

$3,591

Texas FAIR Plan

$4,513

AmGUARD

$5,063

ASI Progressive

$5,759

UPC Insurance

$5,992

Nationwide

$6,760

Amica

$7,308

Cheapest home insurance in Dallas if you have 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 of dollars higher.

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 UPC's average yearly premium of $9,558 is the highest. 

Company

Average annual cost

Difference from base rate (%)

Texas Farm Bureau Insurance

$1,088

47%

Farmers

$1,192

114%

Lighthouse Property Insurance

$1,747

4%

State Auto

$3,456

289%

USAA

$3,715

26%

Texas FAIR Plan

$4,513

0%

Mercury

$4,625

69%

State Farm

$4,807

72%

Chubb

$5,009

173%

ASI Progressive

$7,054

22%

AmGUARD

$7,262

43%

Nationwide

$8,144

20%

IAT Insurance Group

$9,295

159%

Amica

$9,336

28%

UPC Insurance

$9,558

60%

Cheapest homeowners insurance in Dallas if you have an older home

Older homes are generally more expensive to insure than a more modern build, as they're often less structurally sound and constructed with materials that cost more to replace.

Here's the cheapest home insurance companies for a Dallas home that's over 100 years old.

Company

Average annual cost

Difference from base rate (%)

Farmers

$512

40%

Texas Farm Bureau Insurance

$742

0%

State Auto

$1,076

115%

Chubb

$1,462

7%

Lighthouse Property Insurance

$1,801

150%

Mercury

$2,718

105%

State Farm

$2,799

122%

USAA

$2,854

84%

ASI Progressive

$3,301

182%

IAT Insurance Group

$3,591

123%

Texas FAIR Plan

$4,513

0%

AmGUARD

$5,306

57%

UPC Insurance

$5,756

52%

Nationwide

$5,796

375%

Amica

$8,172

50%

Cheapest homeowners insurance in Dallas if you have a history of claims

Claims history is one of the biggest factors that insurance companies use when calculating your home insurance premiums. If you have multiple claims on your record, your insurer will likely view you as a risk for filing future claims and may charge you higher rates as a result.

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

Company

Average annual cost

Difference from base rate (%)

Texas Farm Bureau Insurance

$826

11%

Farmers

$868

55%

Chubb

$2,032

11%

State Auto

$2,149

128%

Lighthouse Property Insurance

$2,658

52%

State Farm

$2,799

0%

USAA

$3,260

10%

Mercury

$5,188

91%

ASI Progressive

$5,349

46%

IAT Insurance Group

$6,138

71%

AmGUARD

$6,327

25%

Texas FAIR Plan

$7,334

63%

Nationwide

$9,655

43%

UPC Insurance

$12,610

56%

Amica

$13,046

69%

Wind mitigation discounts & incentives in Texas

Many home insurance companies offer wind mitigation discounts if your home is outfitted with features to withstand high winds and flooding caused by a hurricane or strong windstorm. In Texas, you can save on premiums by installing Fortified Roof and Fortified Home elements to your home. You can also score discounts for opening protection, wind-resistant construction, and secondary water barriers to reduce windstorm damage where you live.

Other incentives include the Homeowner Assistance Program, which Helps homeowners impacted by Hurricane Harvey repair, rebuild, improve, or elevate their home, along with temporary housing until the work is complete.

→ Learn more about wind mitigation discounts & how to qualify

How to get homeowners insurance quotes in Dallas

Home insurance can get pricey in Dallas — to the point where it can often account account for a major portion of your homeownership costs. The best way to keep costs down and ensure you're getting the best policy for your needs is to compare quotes from multiple companies.

Here are some easy steps to take as you shop for home insurance in Dallas:

5 steps to shopping for homeowners insurance in Dallas, TX

  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.

Compare home insurance rates in Dallas

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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.

Authors

Freelance contributor

Gianetta Palmer

Freelance contributor

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

Managing Editor & Licensed Home Insurance Expert

Pat Howard

Managing Editor & Licensed Home Insurance Expert

gray twitter icon linkgray linkedin icon link

Pat Howard is a managing editor and licensed home insurance expert at Policygenius, where he specializes in homeowners insurance. His work and expertise has been featured in MarketWatch, Real Simple, Fox Business, VentureBeat, This Old House, Investopedia, Fatherly, Lifehacker, Better Homes & Garden, Property Casualty 360, and elsewhere.

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