Abilene, TX homeowners insurance is nearly $865 to $1,171, about $72-$97/month. Our all inclusive research shows customers can save as much as $407 by comparing multiple quotes. Enter your zipcode below and click “GO” to get multiple free quotes.
In Abilene, TX homeowners pay an average home insurance rate of $1569. Homeowners in Abilene can use discounts offered by different companies to reduce their rates further. To save money on your monthly payments homeowners can take advantage of discounts offered by some of the leading insurers in town like Nationwide and State Farm for a lower cost than what is currently being charged.
Home Insurance Discounts Based on Deductibles
A newly constructed Abilene home can enjoy $361 off on homeowners insurance. Houses are at their lowest propensity to damage when they're new, which is why companies offer attractive discounts for these homes as well. In contrast, older houses attract higher rates of repair and maintenance costs - a cost that's reflected in the price of your homeowner’s insurance premium and leads them to be charged an additional fee. For instance Abilene homes older than 40 and 50 years receive an additional charge of $41 and $60, respectively, on home insurance.
Homeowners in Abilene can get up to $31 off their insurance premiums by installing a swimming pool. Installing self-latching and self-closing gates around the pool also benefits your insurance rates and insurance companies provide discounts for the same. Additionally, senior citizens receive discounts on home insurance rates so it is a perk that a household has at least one person over 50 years old living there.Homeowners who don't smoke or live with smokers may be eligible for an additional discount from certain companies too.
Although most of the factors that determine discounts cannot be controlled by homeowners, they can benefit most by choosing deductibles to reduce home insurance rates. Homeowners can avail of attractive discounts by opting for higher deductibles. Abilene homeowners paying a high deductible of $2,500 can avail of a discount of $442.46 on homeowners insurance. Homeowners receive discounts of $370.6 and $248.84, respectively, on deductibles of $2,000 and $1,500.
Homeowners in Abilene who have a claims-free history with their home insurance company can receive discounts on their premiums.Homeowners with prior claims can pay more for factors such as the number and type of claims. By providing a history of zero claim, homeowners save money on their premiums in Abilene by $658.98 or $251.04 respectively based on two fire damage incidents or water-damage incidents they have experienced previously.
The average cost of home insurance in Abilene, TX, ranges between $865 to $1,171. Abilene homeowners tend to choose home insurance companies based on how reasonably priced their quotes are. However, homeowners should also consider other factors such as claims processing speed, customer service, and availability of discounts before choosing the home insurance company that best suits their needs. Below are the top 5 home insurance companies in Texas according to market share.
State Farm is the most prominent company in Texas, occupying the majority of the market share with 19.55%. The renowned home insurance company has written direct premiums worth $1,847,041 and has earned direct premiums worth $1,842,124. State Farm holds a financial strength rating of A++ from A.M. Best for its superior financial capacity to grant potential claims of current Abilene policyholders. It also received a customer satisfaction score of 4/5 from J.D. Power based on the feedback collected from policyholders.
Allstate comes second to State Farm in terms of market share, occupying 13.08% of the home insurance market. Allstate has written direct premiums worth $1,236,065 and earned direct premiums worth $1,178,535. Allstate has the superior financial ability in granting potential claims of current Abilene policyholders and has been awarded a rating of A+ from A.M. Best. It received a customer satisfaction score of 3/5 from J.D. Power’s customer feedback survey.
Farmers is another major player in the insurance segment holding a market share of 10.39% in Texas. The company has direct premiums written for a total value of $981,914. It has earned direct premiums worth $964,870. Farmers holds a financial strength rating of A+ for their superior financial ability to grant claims of current policyholders. According to customer feedback curated by J.D. Power, Farmers received a customer satisfaction rating of 3/5.
Even though USAA only offers its services to veterans, active, and retired military personnel, it has managed to hold a market share of 9.70%. It has direct premiums written worth $916,464, and direct premiums earned worth $881,961. USAA is the only home insurance company other than State Farm to receive a financial strength rating of A++ for its superior financial ability in granting claims of current Abilene policyholders. It also holds a perfect customer satisfaction score of 5/5 from J.D. Power.
According to NAIC, Liberty Mutual holds a market share of 7.37% in Texas. The home insurance company has direct premiums written worth $696,450, and direct premiums earned worth $706,863. A.M. Best rated Liberty Mutual with an A for its excellent ability to grant potential claims of current policyholders. In terms of overall customer satisfaction, Liberty Mutual received a score of 3/5 from J.D Power.
In Abilene, TX, homeowners pay an average home insurance rate of $1,569 per annum. Vhome’s research reveals that Abilene homeowners can save up to $407 by comparing quotes and reviews of home insurance companies.
Financial Strength Rating
The financial strength of a home insurance company is determined by its ability to grant potential claims of current policyholders. Several renowned third-party agencies award ratings to home insurance companies based on their financial ability. For example, A.M. Best has awarded USAA a rating of A++ (superior), whereas, it awarded a rating of A (excellent) to Farmers. Abilene homeowners can use these ratings to narrow down their search for home insurance companies.
Customer Satisfaction Score
J.D. Power awards home insurance companies with customer satisfaction scores based on feedback collected from policyholders. USAA has a perfect customer satisfaction score of 5/5, whereas Farmers has a score of 3/5. The customer satisfaction scores are made available to Abilene homeowners to help them in their search for home insurance companies.
Agents of home insurance companies work closely with Abilene homeowners to understand their needs and create customized policies according to their requirements. Abilene homeowners are recommended to choose home insurance companies that offer add-on policies and endorsements to meet their requirements.
Abilene homeowners can submit a claim online by providing proof of loss, along with supporting documents. It is important that homeowners get their coverage amount as early as possible. Abilene homeowners are advised to choose home insurance companies that have swift claims processes and require minimalist documentation.
Post-Claim Insurance Rates
Filing a claim can significantly increase home insurance rates. A study done by Vhome revealed that the homeowners insurance in Abilene could increase by up to $659 based on the type and number of claims. We caution Abilene homeowners to be wary of the increase in home insurance rates based on claims history.
|Abilene, TX Home Value||Total Homes||% of Total||Average Abilene, TX Homeowners Insurance|
|Less than $50,000||5,253||20.0%||$264|
|$50,000 to $59,999||1,771||6.0%||$549|
|$60,000 to $69,999||2,003||7.0%||$682|
|$70,000 to $79,999||1,783||6.0%||$794|
|$80,000 to $89,999||1,393||5.0%||$895|
|$90,000 to $99,999||1,623||6.0%||$997|
|$100,000 to $124,999||3,219||12.0%||$1160|
|$125,000 to $149,999||2,618||10.0%||$1455|
|$150,000 to $174,999||2,343||9.0%||$1720|
|$175,000 to $199,999||1,174||4.0%||$1985|
|$200,000 to $249,999||1,372||5.0%||$2382|
|$250,000 to $299,999||765||2.0%||$2911|
|$300,000 to $399,999||595||2.0%||$3705|
|Home Insurance Company Near Abilene, TX||Homeowners Insurance Agency Near Abilene, TX||Address|
|NA||Weeks Hunter Insurance||1041 Hickory St, Abilene, TX, 79601|
|Allstate||Clyde Insurance Agency||117 Oak Street, Clyde, TX, 79510|
|Travelers||Perry Hunter Hall Inc||1548 N 1ST ST, ABILENE, TX, 79601|
|State Farm||Sam J Corn||2302 S 14th St, Abilene, TX, 79605-4245|
|Allstate||Tom Massey Agency||3262 Chimney Rock Rd Ste C, Abilene, TX, 79606|
|Streets in Abilene Area||Homeowners Insurance Cost|
|Alabama Rd, N Clack St, Oaklawn Dr, Hope St, Cobblestone Ln, S Frontage Rd, Iron Eagle Rd, Minda St, Hardwick Rd, Redwood Dr||$990|
|Morrow Ln, Baker St, Knollwood, N Treadaway Blvd, Bar B Trl, Seaman's Way, Ash St, Vapor Trl, Pet Haven Rd, Cherry Hill E||$985|
|Nichols Rd, Linda Vis, Avondale St, Roma Ln, W Lake Rd, Pinehurst, N Carver Dr, Elm Creek Rd, Bacacita Farms Rd, Austin St||$1,058|
|S 25th St, N 17th St, Bruce Dr, Westway Dr, Primrose Dr, Redbird Ln, Medical Dr, Lytle Pl, Hamilton St, Sewell St||$991|
|Co Rd 487, Crest Dr, A C U Agricultural Department, E South 27th St, S 28th St, Spindletop Dr, Delwood Dr, Bob White Ct, Springwater Ave, Paint Brush Dr||$1,044|
|W Lake Phantom Rd, Durango Dr, Ventura Dr, FM 2404, A C U Dr, Continental Ave, W Stamford St, S 18th St, N la Salle Dr, Dunnam Dr||$1,035|
|Lytle Way, E N 23rd St, Ave B, Hawk Cir, Patricia Ln, Inverrary Dr, Arizona St, Over St, Co Rd 495, Kingston Ct||$1,059|
|Oil Belt Ln, Co Rd 687, E College Dr, Bristol Ct, Ruby Esther Cir, Mesquite Ln, Independence Dr, W N 20th St, Beltway S, Bronco Dr||$1,056|
|Jeremy Ln, Red Oak Cir, San Jacinto Dr, Chaucer Dr, Woodard St, Pueblo, Briarwood St, 14th St, Cougar Way, Foster Ln||$1,023|
|S 24th St, S 17th St, Co Rd 165, Sunlake Dr, Darrell Dr, Venice Dr, Erie St, Griggs St, Many Waters Dr, E South 5th St||$1,057|
|Place||Savings For Senior Occupied Homes|
|Abilene||$152 to $154|
|Place||1 Car Bundle Savings On Insurance||2 Car Bundle Savings On Insurance||3 Car Bundle Savings On Insurance|
|Impact town, Texas||$144||$192||$288|
|Potosi CDP, Texas||$160||$213||$320|
|Tye city, Texas||$147||$196||$294|
|Place||Home insurance as a % of housing cost for homes with mortgage||Home insurance as a % of housing cost for homes without mortgage|
|Abilene Home By Monthly Rent||Total Homes||% of Total||Estimated Monthly Income To Afford Rented House Including Renters Insurance|
|Less than $200||305||1.0%||$356|
|$300 to $499||1,844||10.0%||$1256|
|$500 to $749||6,157||36.0%||$1931|
|$750 to $999||4,561||26.0%||$2681|
|$1,000 to $1,499||2,970||17.0%||$3806|
|$1,500 or more||906||5.0%||$5456|
|Low Deductible||High Deductible|
|Yearly Abilene Homeowner Insurance Premium Example||$600||$400|
|Out of Pocket Expense During Claim||$1,900||$2,900|
|Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim||$6,700||$6,100|
|Net Savings to Abilene Home Owner from High Deductible Plan||$600|
|Scenario||Abilene, TX Home Replacement Value MORE than Home Value||Abilene, TX Home Replacement Value LESS than Home Value|
|Insurance Premium based on Replacement Value||$1,900||$1,250|
|Risk Exposure from Under Insuring Coverage||Unnecessary Home Insurance Coverage of $42,000||Risk Exposure from Under Insuring Coverage is $19,500|
|Premium Impact||Insurance cheaper by $200/year||Insurance costlier by $450/year|
|Insurance Company||Nationwide Insurance||Allstate||Farmers Insurance|
|Home Details||3 Beds, 1 Baths||5 Beds, 4 Baths||4 Beds, 3 Baths|
|Deductible||$1000-$2500 Deductible||$1000-$2500 Deductible||$2500-$5000 Deductible|
|Year Built||Home Value||Roof Type||Sqft||Number of Bedrooms||Deductible||Premium||Premium Months||Siding Type||Smoker/Non Smoker|
|1987||150,000||Asphalt Shingles Roof||1,970||3||$500 Deductible||1390||12||Brick siding||yes|
|1967||110,000||Asphalt Shingles Roof||1,970||3||$500- $1000 Deductible||310||3||Fiber-Cement Siding||yes|
|1962||150,000||Shingles Roof||2,160||3||$500 Deductible||350||3||Fiber-Cement Siding||No|
|1968||205,000||Composition Roof||3,120||5||$500- $1000 Deductible||650||4||Stone Siding||yes|
|1970||300,000||Tile Roof||3,630||5||$500- $1000 Deductible||1090||5||Fiber-Cement Siding||No|
|1979||95,000||Composition Roof||1,490||2||$500- $1000 Deductible||530||6||Stone Siding||No|
|1999||175,000||Composition Roof||2,300||4||$500- $1000 Deductible||450||4||Fiber-Cement Siding||yes|
|1975||250,000||Shingles Roof||3,040||4||$500- $1000 Deductible||270||2||Fiber-Cement Siding||yes|
|1993||220,000||Wood Shake Roof||2,860||4||> $10,000 Deductible||360||4||Brick siding||No|
|1960||100,000||Wood Shake Roof||1,600||2||$1000-$2500 Deductible||60||1||Stucco siding||No|
|1970||205,000||Composition Roof||2,700||4||$2500-$5000 Deductible||150||1||Brick siding||yes|
|1995||125,000||Shingles Roof||1,690||3||$2500-$5000 Deductible||820||9||Stone Siding||yes|
|1989||140,000||Tile Roof||2,000||3||$500 Deductible||140||2||Vinyl siding||No|
|1979||170,000||Tile Roof||2,390||3||$500- $1000 Deductible||920||8||Brick siding||No|
|1966||225,000||Membrane Roof||2,900||4||$500 Deductible||1120||7||Stucco siding||yes|
|2014||115,000||Composition Roof||1,750||3||$500 Deductible||920||12||Stucco siding||No|
|1993||250,000||Slate Shingles Roof||3,120||4||> $10,000 Deductible||1460||12||Stone Siding||yes|
|2011||280,000||Asphalt Shingles Roof||4,270||5||$500- $1000 Deductible||1250||6||Stone Siding||No|
|1981||245,000||Membrane Roof||4,390||5||$2500-$5000 Deductible||730||5||Brick siding||yes|
|2012||220,000||Membrane Roof||2,930||5||$500- $1000 Deductible||270||2||Wood siding||No|
|1995||95,000||Asphalt Shingles Roof||1,630||3||$500 Deductible||630||9||Vinyl siding||yes|
|1976||180,000||Asphalt Shingles Roof||2,330||4||$5000 to $10,000 Deductible||1080||12||Brick siding||yes|
|2012||100,000||Wood Shake Roof||1,620||2||$500- $1000 Deductible||650||10||Wood siding||yes|
|2013||95,000||Membrane Roof||1,710||5||$2500-$5000 Deductible||530||8||Stone Siding||No|
|1971||140,000||Wood Shake Roof||2,120||4||$500 Deductible||340||4||Wood siding||No|
|1980||95,000||Membrane Roof||1,550||5||$1000-$2500 Deductible||360||6||Stone Siding||No|
|1978||240,000||Metal Roof||3,180||4||$500 Deductible||990||6||Stucco siding||yes|
|1966||195,000||Slate Shingles Roof||2,440||4||$500- $1000 Deductible||1110||6||Brick siding||No|
|1975||190,000||Composition Roof||2,950||4||$2500-$5000 Deductible||1120||10||Brick siding||No|