Waco Insurance Rates:

Waco, TX home insurance is about $867 to $1,176, about $72-$98/month. Our all inclusive research shows customers can save as much as $408 by comparing different quotes

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Waco Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Farmers Insurance
Home Insurance Rate of $260/3 months for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $165,000

4 Beds, 4 Baths 2870 sqft Seasonal Residence Constructed In 1974 with Carpet Flooring, Metal Roof, Chainwall Foundation, Stone Siding, Stucco Construction. Home Features Include Fire Extinguisher, Deadbolt Locks, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

73 Years old Divorced Male who has a Full Time Job with household income of $100-$150,000 and has 2 Pets and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 750-799 Credit Score

  • Seniors staying at home

Home Insurance Rate of $550/12 months for $75000-$100000 Coverage
Policy Holder Home Details :

Home Value : $80,000

2 Beds, 2 Bath 1430 sqft Rental Property Constructed In 1981 with Ceramic Tile Flooring, Asphalt Shingles Roof, Slab Foundation, Stucco siding, Wood Frame. Home Features Include Fireplace, Smoke Alarm, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

60 Years old Married Male who is a Freelancer with household income of $100-$150,000 and has More than 3 Pets at home and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 500-549 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $520/6 months for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $130,000

3 Beds, 3 Bath 1510 sqft Vacation Property Constructed In 1961 with Carpet Flooring, Tile Roof, Crawl Space Foundation, Vinyl siding, Stucco Construction. Home Features Include Smoke Alarm, Fire Extinguisher, Central Air Conditioning, Indoor Sprinklers, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

61 Years old Married Male who is Unemployed and has More than 3 Pets at home and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 550-599 Credit Score

Home Insurance Rate of $1120/7 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $260,000

5 Beds, 5 Baths 3300 sqft Vacation Property Constructed In 2012 with Wood Flooring, Wood Shake Roof, Piers Foundation, Fiber-Cement Siding, Brick Frame. Home Features Include Fireplace, Deadbolt Locks, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

44 Years old Divorced Male who is Unemployed and has More than 3 Pets at home and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • Up to 499 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $520/4 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $200,000

4 Beds, 4 Baths 3290 sqft Primary Residence Constructed In 1965 with Wood Flooring, Slate Shingles Roof, Slab Foundation, Vinyl siding, Metal Frame Construction. Home Features Include Central Air Conditioning, Smoke Alarm, Fire Extinguisher, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

71 Years old Divorced Male who is Unemployed with household income of less than $25,000 and has 1 Pet and is a Smoker

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

  • Up to 499 Credit Score

  • Seniors staying at home

Waco, TX Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
76706 $95,900 $1,030
76701 $63,500 $1,010
76707 $61,700 $1,010
76710 $116,300 $1,030
76708 $100,300 $1,030

Waco Rates & Quotes Analysis:

Waco Area Estimated House Insurance
Westlake Dr, Clifton St, Knotty Oaks Dr, School St, Briar Ridge Dr, E Mitchell St, Iowa St, Earle Rd, Griffin Ave, Mill Creek Cir$1,003
Bear Loop, Arkansas Dr, N 50th St, Canterbury Dr, E Ross St, Maryland Ave, Mahalia Dr, Texas Central Pkwy, Greenway Dr, N New Rd$1,038
Tulum Ln, Ave C, Bellmead Dr, Spring Willow, S 33rd St, Davis St, Tranquil Ct, N 3rd St, Larry Ln, Snow Pea Dr$1,043
Austin Ave, S 10th St, Michigan St, Sydney Dr, Washington Ave, Texas Ave, Crosby Dr, Greer St, Dublin Dr, Merrifield Dr$1,002
Scroggins Dr, Topeka Dr, Lp 340 Svc Rd, Yellow Stone Rd, Spring Valley Hwy, Alma Rohn Dr, N 60th St, S Barbara St, Gunnison Dr, Coral Reef Rd$1,080
Woodcock Dr, Princelett Pl, Kiowa Ln, S 3rd St Rd, Lola's Ln, Estancia Rd, Silver Maple Dr, Sherwood Cir, Wildwood Cir, Lincoln City Rd$1,032
Shirley Dr, Huntington Dr, Harvey Dr, Saratoga St, Wilson Ave, Roselawn Dr, W Panther Way, Pebble Creek, Green Branch Cir, S Old Robinson Rd$1,039
Saintsbury Cir, Ironhorse Trl, Pecan Ave, Stonewood Ct, Kiowa Trl, S Valley Mills Dr, Maple Hill Cir, Rosewood Dr, Oak Forest Cir, Chapel Creek Dr$1,074
Cove, S Martin Luther King Jr Blvd, Acree St, Palomino Dr, Links Cir, Bridle Trl, Maywood Dr, Virginia Valley, Mill St, E Hamilton St$1,041
Ellis Ave, N 39th St, E Loop 340, Karl May Dr, Bogey Ln, Dickens Dr, Airport Rd, Myers Ln, Viking Dr, Lilac Ln$None

Insurance rates are influenced by a number of factors including:

  • Year Built: 11,447 Homes (15% of total homes ) built between 1980 to 1989 in Waco are paying home insurance between $1,524-$1,539. Places close to Waco, TX such as Woodway, Hewitt, Robinson are more expensive by $60, $26, $40 respectively while Beverly Hills and Bellmead are cheaper by $34 and $37 respectively for similar homes.
  • Bedrooms: 21,037 2 bedrooms homes (29% of total homes ) in Waco are paying about $623. Areas near to Waco such as McLennan County, Woodway, Hewitt are costlier by $12, $25, $11 respectively whereas Beverly Hills and Bellmead are more economical by $3, $4 respectively for similar homes.
  • Auto Insurance Bundling: 16,177 Households (46% of all households) in Waco have 2 vehicles available and when it is bundled with home insurance you can save $204. Discounts for similar bundling in close by locations such as Beverly Hills, McLennan County, Woodway come to $199, $204, $212 respectively.
  • Senior Discounts: 17,560 seniors (more than 55 years) occupied housing units (50% of total) in Waco get discounts between $153 to $155. The comparative concessions in proximate regions such as Beverly Hills, McLennan County and Woodway are $149, $153 and $159 respectively.
  • New Homes discounts: New homes such as the 28,901 homes built between 2000 to 2009 in Waco can save $204 and similar new home insurance discounts in nearby towns and cities like Beverly Hills, McLennan County and Woodway are $199, $204 and $212 respectively.

Waco Homeowners insurance Facts

  • Waco, TX has 35,077 owner occupied houses which is 54.3% of all units whereas Beverly Hills, McLennan County and Woodway have 63.79%, 60.15% and 90.92% respectively.
  • Waco, TX homeowners yearly insurance price at $1,021 is 1.0% of the typical house value of $102,600 which is in contrast with 1.58% in Beverly Hills, 0.96% at McLennan County & 0.61% in Woodway.
  • Homeowners in Waco, TX pay 2.4% of their income ($40,000 to $44,999) in insurance whereas homeowners in Beverly Hills, McLennan County and Woodway pay 2.35%, 2.41% and 2.5% respectively.
  • Waco, TX’s insurance is 7.1% of monthly housing costs of $1,201/month, for owners with a mortgage compared to 10.21% in Beverly Hills, 6.95% at McLennan County & 5.34% in Woodway. But, for households without a mortgage, insurance is 19.3% of costs ($440 in Waco, TX) in contrast with 23.92% in Beverly Hills, 19.05% at McLennan County & 13.64% in Woodway.

Waco, TX Home Values & Insurance rates

For example, insurance for 4,308 Homes (12.0% of total homes ) valued between $100,000 to $124,999 in Waco, TX is about $1,092. Rates in nearby areas in such as McLennan County, Woodway, Hewitt are cheaper by $38, $424, $251 respectively while Beverly Hills and Bellmead are costlier by $646 and $762 respectively for similar homes.

Waco, TX Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 5,936 17.0% $245
$50,000 to $59,999 1,967 5.0% $520
$60,000 to $69,999 2,351 6.0% $643
$70,000 to $79,999 2,013 5.0% $745
$80,000 to $89,999 2,172 6.0% $837
$90,000 to $99,999 2,653 7.0% $939
$100,000 to $124,999 4,308 12.0% $1092
$125,000 to $149,999 3,189 9.0% $1368
$150,000 to $174,999 3,111 9.0% $1613
$175,000 to $199,999 2,189 6.0% $1858
$200,000 to $249,999 2,269 6.0% $2235
$250,000 to $299,999 1,072 3.0% $2736
$300,000 to $399,999 1,025 2.0% $3481

Renters Insurance in Waco

  • Average Renters Insurance in Waco :  $219($18/month)

  • Median Gross Rent in Waco :  $753

  • Waco Renters Insurance to Median Rent Ratio:  2.39%

  • Average household size of renter-occupied unit :  2.56

Waco Renters Insurance as a Percentage of Rent

Waco Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 840 2.0% $354
$200 to $299 602 2.0% $804
$300 to $499 2,926 10.0% $1254
$500 to $749 9,705 34.0% $1929
$750 to $999 7,746 27.0% $2679
$1,000 to $1,499 5,484 19.0% $3804
$1,500 or more 1,044 3.0% $5454

Rent Affordability in Waco:

Approximately 50.0% (15,052) of households are spending more than 35% of their income on gross rent in Waco

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 2,946 9.0%
15.0 to 19.9 percent 2,892 9.0%
20.0 to 24.9 percent 3,101 10.0%
25.0 to 29.9 percent 3,214 10.0%
30.0 to 34.9 percent 2,334 7.0%
35.0 percent or more 15,052 50.0%

Waco Renters Insurance Discounts:

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

Number of Vehicles in Waco, TX Number of Housing Units % of Total Renters Insurance Insurance Savings by Bundling Auto Insurance
1 vehicle available 14,503 49.0% $21.9
2 vehicles available 8,350 28.0% $32.85
3 or more vehicles available 2,448 8.0% $43.8

Waco Senior Citizen Discounts:

Age Senior Occupied Housing Units % of Total Discount offered
55 to 59 years 1,974 6.0% $75
60 to 64 years 1,254 4.0% $60
65 to 74 years 1,380 4.0% $48
75 years and over 1,388 4.0% $37

Protective device discount in Waco Up to :  $32

Claims-free discount in Waco Up to :  $43