Midland Insurance Rates:

Midland, TX home insurance is roughly $887 to $1,204, about $73-$100/month. Our in depth guide reveals consumers can save as much as $418 by comparing many quotes

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Read Midland, Texas Homeowners Insurance Reviews & compare quotes to find the best & cheapest home insurance provider.

Midland Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Allstate
Home Insurance Rate of $780/5 months for $350000-$400000 Coverage
Policy Holder Home Details :

Home Value : $450,000

5 Beds, 5 Baths 4530 sqft Primary Residence Constructed In 1961 with Hardwood Flooring, Slate Shingles Roof, Crawl Space Foundation, Stucco siding, Brick Frame. Home Features Include Copper Water Pipes, Smoke Alarm, Fire Extinguisher, Fireplace, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

37 Years old Single Male who has a Full Time Job with household income of less than $25,000 and has More than 3 Pets at home and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 750-799 Credit Score

  • Guests at home

Home Insurance Rate of $2220/8 months for $300000-$350000 Coverage
Policy Holder Home Details :

Home Value : $300,000

5 Beds, 5 Baths 3620 sqft Seasonal Residence Constructed In 1962 with Ceramic Tile Flooring, Shingles Roof, Slab Foundation, Wood siding, Wood Frame. Home Features Include Deadbolt Locks, Smoke Alarm, Central Air Conditioning, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

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

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

  • 600-649 Credit Score

  • Seniors staying at home

Home Insurance Rate of $1200/6 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $275,000

4 Beds, 4 Baths 3010 sqft Rental Property Constructed In 1972 with Carpet Flooring, Wood Shake Roof, Piers Foundation, Stone Siding, Brick Frame. Home Features Include Copper Water Pipes, Deadbolt Locks, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

52 Years old Divorced Male who is Unemployed with household income of less than $25,000 and has 2 Pets and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 550-599 Credit Score

  • Seniors staying at home

Home Insurance Rate of $700/5 months for $300000-$350000 Coverage
Policy Holder Home Details :

Home Value : $365,000

5 Beds, 5 Baths 3890 sqft Vacation Property Constructed In 2010 with Carpet Flooring, Asphalt Shingles Roof, Crawl Space Foundation, Stone Siding, Brick Frame. Home Features Include Copper Water Pipes, Central Air Conditioning, Fire Extinguisher, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

44 Years old Single 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 :
  • 25-50% Mortgage Paid off

  • 550-599 Credit Score

  • Seniors staying at home

  • Guests at home

Midland, TX Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
79706 $94,500 $1,030
79701 $77,400 $1,020
79707 $200,600 $1,090
79705 $166,700 $1,060
79703 $102,800 $1,030

Midland Rates & Quotes Analysis:

Midland Area Estimated House Insurance
Club Dr, Tanforan Ave, Holmsley Ave, Houston Ave, E Longview Ave, Monty Dr, W Co Rd 75, Elk Ave, Fannin Ave, Cessna Dr$1,057
Stoneleigh Dr, Emerson Dr, San Saba Ct, Washita Ct, W Pine Ave, Windecker St, W Humble Ave, S Co Rd 1315, Maxwell Dr, Broadway St$1,087
E Broadway St, Fringewood Dr, Canemont St, Woodlawn Dr, S Fairgrounds Rd, Chadwick Ct, Hunter St, Ysleta Ct, E Hickory Ave, Peterson St$993
Keenland Dr, Auburn Pl, N Bentwood Dr, San Rafael, Barber St, San Machell Dr, Pueblo, Boeing Dr, Apollo Ct, Calen Ct$1,058
E Industrial Loop, Holloway Ave, S N St, Cloverdale Rd, Augustine Ct, Franklin Ave, Apache Dr, Crescent Dr, Cedar Ave, Howard Dr$1,013
W Co Rd 54, S H St, Baybrook Pl, W Co Rd 54, E Co Rd 55, Rainbow Rd, E Co Rd 62, S Pecos St, Alicia Ct, Mathis St$1,109
Humble Ave, Evans Ave, San Marino, N State Hwy 349, Cristobal Ct, N Co Rd 1130, Camden, McClintic St, Avondale Dr, Affirmed Ave$1,092
N Co Rd 1138, Nassau Dr, E Florida Ave, Gossett St, Idlewilde Dr, Bankhead Hwy, S Main St, Bandera Dr, Timber Ln, Crowley Blvd$1,002
E Kansas Ave, N O St, Pine Ct, Carter Ave, Faudree Rd, Hackberry Ct, Wylea Cv, Manor Village Cir, Springwood Ct, Jesse St$1,050
W Hwy 80, Northfield Dr, Ashdown Pl, Stutz Dr, Boulder Dr, W Parker Ave, Greathouse Rd, N Benton St, Neely Ct, Metz Ct$1,081

Insurance rates are influenced by a number of factors including:

  • Year Built: 10,818 Homes (22% of total) built between 1980 to 1989 in Midland are paying home insurance between $1,559-$1,575 and varies from Mertzon North (+$83), West Crockett (+$315), Ransom Canyon (+$57), Gardendale (-$45) and Odessa (-$42).
  • Bedrooms: 21,196 3 bedrooms homes (44% of total homes ) in Midland are paying about $816. Areas near to Midland such as Garden City South, Mertzon North, West Crockett are costlier by $3, $31, $152 respectively whereas Gardendale and Odessa are more economical by $24, $22 respectively for similar homes.
  • Auto Insurance Bundling: 8,635 Households (29% of all households) in Midland have 3 or more vehicles available and when it is bundled with home insurance you can save $261 and differs from Gardendale ($253), Midland County ($260), Odessa ($254).
  • Senior Discounts: 12,700 seniors (more than 55 years) occupied housing units (42% of total) in Midland get discounts between $156 to $159 and differs from Gardendale ($152), Midland County ($156), Midland South ($153).
  • New Homes discounts: New homes such as the 20,245 homes built between 2000 to 2009 in Midland can save $209 and similar new home insurance discounts in nearby towns and cities like Gardendale, Midland County and Odessa are $203, $208 and $203 respectively.

Midland Homeowners insurance Facts

  • Midland, TX has 29,728 owner occupied houses which is 67.2% of all units whereas Gardendale, Midland County and Odessa have 87.08%, 69.02% and 63.63% respectively.
  • Midland, TX homeowners yearly insurance price at $1,045 is 0.72% of the typical house value of $145,300 which is in contrast with 1.1% in Gardendale, 0.74% at Midland County & 1.09% in Odessa.
  • Homeowners in Midland, TX pay 4.64% of their income ($20,000 to $24,999) in insurance whereas homeowners in Gardendale, Midland County and Odessa pay 4.51%, 4.64% and 4.52% respectively.
  • Midland, TX’s insurance is 6.5% of monthly housing costs of $1,340/month, for owners with a mortgage compared to 7.1% in Gardendale, 6.64% at Midland County & 7.59% in Odessa. But, for households without a mortgage, insurance is 17.2% of costs ($506 in Midland, TX) in contrast with 21.41% in Gardendale, 17.77% at Midland County & 21.24% in Odessa.

Midland, TX Home Values & Insurance rates

For example, insurance for 2,556 Homes (9.0% of total homes ) valued between $125,000 to $149,999 in Midland, TX is about $982. Rates in nearby areas in such as Garden City South, Eunice, North Hobbs are cheaper by $37, $13, $442 respectively while Midland County and Odessa are costlier by $29 and $502 respectively for similar homes.

Midland, TX Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 3,465 12.0% $177
$50,000 to $59,999 1,017 3.0% $376
$60,000 to $69,999 1,092 3.0% $459
$70,000 to $79,999 1,405 5.0% $532
$80,000 to $89,999 1,529 5.0% $606
$90,000 to $99,999 1,507 5.0% $679
$100,000 to $124,999 2,771 9.0% $783
$125,000 to $149,999 2,556 9.0% $982
$150,000 to $174,999 3,257 11.0% $1159
$175,000 to $199,999 2,235 8.0% $1348
$200,000 to $249,999 3,173 11.0% $1619
$250,000 to $299,999 2,099 7.0% $1975
$300,000 to $399,999 1,801 6.0% $2508

Renters Insurance in Midland

  • Average Renters Insurance in Midland :  $185($15/month)

  • Median Gross Rent in Midland :  $921

  • Midland Renters Insurance to Median Rent Ratio:  1.63%

  • Renter occupied housing units in Midland :  14,523

Midland Renters Insurance as a Percentage of Rent

Midland Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
$200 to $299 231 1.0% $796
$300 to $499 558 4.0% $1246
$500 to $749 3,313 24.0% $1921
$750 to $999 3,856 28.0% $2671
$1,000 to $1,499 4,211 30.0% $3796
$1,500 or more 1,477 10.0% $5446

Rent Affordability in Midland:

Approximately 39.0% (5,770) of households are spending more than 35% of their income on gross rent in Midland

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 1,926 13.0%
15.0 to 19.9 percent 2,070 14.0%
20.0 to 24.9 percent 1,959 13.0%
25.0 to 29.9 percent 1,535 10.0%
30.0 to 34.9 percent 1,263 8.0%
35.0 percent or more 5,770 39.0%

Protective device discount in Midland Up to :  $27

Claims-free discount in Midland Up to :  $37