Lubbock Insurance Rates:

Lubbock, TX home insurance is roughly $871 to $1,179, about $72-$98/month. Our complete analysis indicates shoppers can save as much as $410 by getting multiple quotes

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Lubbock Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Travelers
Home Insurance Rate of $140/2 months for $100000-$125000 Coverage
Policy Holder Home Details :

Home Value : $100,000

3 Beds, 3 Baths 1210 sqft Seasonal Residence Constructed In 1992 with Hardwood Flooring, Shingles Roof, Piers Foundation, Stone Siding, Brick Frame. Home Features Include Fireplace, Central Air Conditioning, Swimming Pool, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

52 Years old Married Female who has a Part Time Job with household income of less than $25,000 and has No Pets and is a Non-Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 500-549 Credit Score

Home Insurance Rate of $410/3 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $185,000

4 Beds, 4 Bath 2920 sqft Primary Residence Constructed In 1970 with Carpet over wood flooring, Tile Roof, Chainwall Foundation, Fiber-Cement Siding, Metal Frame Construction. Home Features Include Central Air Conditioning, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

35 Years old Divorced Female who has a Part Time Job with household income of $25-50,000 and has More than 3 Pets at home and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 550-599 Credit Score

Home Insurance Rate of $440/3 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $160,000

4 Beds, 4 Baths 2740 sqft Rental Property Constructed In 1962 with Linoleum, Composition Roof, Crawl Space Foundation, Brick siding, Wood Frame. Home Features Include Deadbolt Locks, Fireplace, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

43 Years old Single Female who has a Part Time Job with household income of $25-50,000 and has 1 Pet and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 600-649 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $680/12 months for $75000-$100000 Coverage
Policy Holder Home Details :

Home Value : $100,000

2 Beds, 2 Bath 1180 sqft Rental Property Constructed In 1961 with Hardwood Flooring, Wood Shake Roof, Chainwall Foundation, Fiber-Cement Siding, Brick Frame. Home Features Include Fireplace, Swimming Pool, Central Air Conditioning, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

38 Years old Divorced Female who is Unemployed with household income of less than $25,000 and has No Pets and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 750-799 Credit Score

Home Insurance Rate of $440/3 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $160,000

4 Beds, 4 Baths 2040 sqft Vacation Property Constructed In 1975 with Carpet over wood flooring, Asphalt Shingles Roof, Crawl Space Foundation, Wood siding, Stucco Construction. Home Features Include Central Air Conditioning, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

65 Years old Single Female who has a Full Time Job with household income of $25-50,000 and has 3 Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 750-799 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $320/4 months for $75,000-$100,000 Coverage
Policy Holder Home Details :

Home Value : $65,000

3 Beds, 3 Baths 2050 sqft Primary Residence Constructed In 1954 with Wood Flooring, Shingles Roof, Piers Foundation, Stucco siding, Wood Frame. Home Features Include Copper Water Pipes, Smoke Alarm, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

60 Years old Single Male who is a Freelancer with household income of less than $25,000 and has 2 Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 650-699 Credit Score

  • Guests at home

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Lubbock Rates & Quotes Analysis:

Lubbock Area Estimated House Insurance
Ash Ave, 88th Dr, FM 2255, Yuma Ave, C R 1540, Date Ave, E Co Rd 7700, Co Rd 5830, Cr 1835, 153rd St$1,054
E 13th St, Ecr 6200, Sycamore Park, Elder Ave, Uxbridge Ave, Co Rd 2400, FM 597, Mlk Jr Blvd, C R 7635, Co Rd 1950$1,001
107th Dr, E Bates St, 91st Ln, Rochester Ave, Troy Ave, C R 1435, Marlboro St, C R 5830, N Clinton Ave, C R 7300$1,011
Bonanzo, Vardo Ln, 87th Pl, Co Rd 6420, N Ave N, C R 7730, Lynnhaven Ave, Greek Cir, C R 2000, Clovis State Rte$989
Whisperwood Cir, Hwy 179, 140th St, 146th St, E 17th St, Norwich Ave, 88th Pl, Barry Ln, N Co Rd 2300, County Rd$999
Clinton Ave, War Hwy, E 88th St, Co Rd 7650, FM 2192-C R 2730, E 18th St, Everett Ave, E Newcomb St, Urbana Ave, Kirby Ave$1,023
Trotter Rd, N Ithaca Ave, N Oak Ave, S Ave E, Texas Frd, E 3rd Pl, Co Rd 7600, Prentiss Ave, Vanda Ave, Mc Guire St$996
Vega Ln, FM 2378-C R 1000, E Co Rd 7270, E FM 41-E C R 7800, Co Rd 6450, Co Rd 7100, 93rd Dr, Co Rd 6960, 106th St, Trenton Ave$1,045
Co Rd 1250, Cantebury Ave, Wells St S, Co Rd 7475, Woodrow Rd, Hoover Dr, Gannon St, E 17th St, Joel Ln, N Ash Ave$996
N Canton Ave, Co Rd 5100, Primrose Ave, N King Ave, E 24th St, Co Rd 2110, 108th Dr, Cherry Ave, C R 2110, Co Rd 7365$1,007

Insurance rates are influenced by a number of factors including:

  • Year Built: 17,059 Homes (15% of total homes ) built between 1980 to 1989 in Lubbock are paying home insurance between $1,530-$1,545. Places close to Lubbock, TX such as Wolfforth, Ransom Canyon, Gail North are more expensive by $25, $86, $24 respectively while New Deal and Buffalo Springs are cheaper by $35 and $20 respectively for similar homes.
  • Bedrooms: 13,466 4 bedrooms homes (12% of total homes ) in Lubbock are paying about $1,240. Areas near to Lubbock such as Wolfforth, Ransom Canyon, Idalou are costlier by $20, $70, $6 respectively whereas New Deal and Buffalo Springs are more economical by $18, $6 respectively for similar homes.
  • Auto Insurance Bundling: 12,941 Households (22% of all households) in Lubbock have 3 or more vehicles available and when it is bundled with home insurance you can save $256. Discounts for similar bundling in close by locations such as Lubbock County, Wolfforth, New Deal come to $256, $260, $250 respectively.
  • Senior Discounts: 25,405 seniors (more than 55 years) occupied housing units (44% of total) in Lubbock get discounts between $153 to $155. The comparative concessions in proximate regions such as Lubbock County, Wolfforth and New Deal are $153, $156 and $150 respectively.
  • New Homes discounts: New homes such as the 48,117 homes built between 2000 to 2009 in Lubbock can save $205 and similar new home insurance discounts in nearby towns and cities like Lubbock County, Wolfforth and New Deal are $204, $208 and $200 respectively.

Lubbock Homeowners insurance Facts

  • Lubbock, TX has 56,447 owner occupied houses which is 58.1% of all units whereas Lubbock County, Wolfforth and New Deal have 59.34%, 81.19% and 70.48% respectively.
  • Lubbock, TX homeowners yearly insurance price at $1,025 is 0.94% of the typical house value of $109,200 which is in contrast with 0.95% in Lubbock County, 0.74% at Wolfforth & 1.49% in New Deal.
  • Homeowners in Lubbock, TX pay 1.86% of their income ($50,000 to $59,999) in insurance whereas homeowners in Lubbock County, Wolfforth and New Deal pay 1.86%, 1.89% and 1.82% respectively.
  • Lubbock, TX’s insurance is 7.2% of monthly housing costs of $1,189/month, for owners with a mortgage compared to 7.23% in Lubbock County, 5.92% at Wolfforth & 8.85% in New Deal. But, for households without a mortgage, insurance is 19.5% of costs ($439 in Lubbock, TX) in contrast with 19.84% in Lubbock County, 21.6% at Wolfforth & 21.69% in New Deal.

Lubbock, TX Home Values & Insurance rates

For example, insurance for 2,338 Homes (4.0% of total homes ) valued between $300,000 to $399,999 in Lubbock, TX is about $3,280. Rates in nearby areas in such as Wolfforth, Ransom Canyon, Gail North are cheaper by $686, $1,494, $636 respectively while Lubbock County and Shallowater are costlier by $58 and $674 respectively for similar homes.

Lubbock, TX Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 8,119 14.0% $225
$50,000 to $59,999 2,015 3.0% $492
$60,000 to $69,999 3,391 6.0% $604
$70,000 to $79,999 3,576 6.0% $697
$80,000 to $89,999 3,772 6.0% $789
$90,000 to $99,999 4,177 7.0% $881
$100,000 to $124,999 8,648 15.0% $1025
$125,000 to $149,999 5,824 10.0% $1281
$150,000 to $174,999 4,567 8.0% $1517
$175,000 to $199,999 2,677 4.0% $1752
$200,000 to $249,999 3,185 5.0% $2111
$250,000 to $299,999 2,182 4.0% $2583
$300,000 to $399,999 2,338 4.0% $3280

Renters Insurance in Lubbock

  • Average Renters Insurance in Lubbock :  $213($17/month)

  • Median Gross Rent in Lubbock :  $768

  • Lubbock Renters Insurance to Median Rent Ratio:  2.21%

  • Average household size of renter-occupied unit :  2.34

Lubbock Renters Insurance as a Percentage of Rent

Lubbock Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 484 1.0% $353
$200 to $299 663 1.0% $803
$300 to $499 3,830 9.0% $1253
$500 to $749 13,299 34.0% $1928
$750 to $999 10,070 26.0% $2678
$1,000 to $1,499 7,655 19.0% $3803
$1,500 or more 2,443 6.0% $5453

Rent Affordability in Lubbock:

Approximately 52.0% (21,312) of households are spending more than 35% of their income on gross rent in Lubbock

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 3,763 9.0%
15.0 to 19.9 percent 4,239 10.0%
20.0 to 24.9 percent 4,778 11.0%
25.0 to 29.9 percent 3,992 9.0%
30.0 to 34.9 percent 2,672 6.0%
35.0 percent or more 21,312 52.0%

Lubbock Renters Insurance Discounts:

Lubbock Renters Insurance Discounts by Number of Vehicles in Renter Occupied Housing Units

Number of Vehicles in Lubbock, TX Number of Housing Units % of Total Renters Insurance Insurance Savings by Bundling Auto Insurance
1 vehicle available 20,145 49.0% $21.3
2 vehicles available 12,208 29.0% $31.95
3 or more vehicles available 4,189 10.0% $42.6

Protective device discount in Lubbock Up to :  $31

Claims-free discount in Lubbock Up to :  $42

Lubbock, TX Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
79407 $94,200 $1,020
79414 $87,800 $1,020
79401 $76,900 $1,010
79412 $75,400 $1,010
79404 $57,800 $1,000
79415 $56,800 $1,000
79411 $49,200 $1,000
79403 $48,800 $1,000
79424 $169,200 $1,070
79423 $119,400 $1,040
79413 $115,000 $1,040
79410 $112,300 $1,030
79416 $111,600 $1,040