Dallas, TX homeowners insurance is roughly $880 to $1,193, about $73-$99/month. Our exhaustive analysis indicates shoppers can save as much as $414 by getting different quotes. Enter your zipcode below and click “GO” to get multiple free quotes.
Every year millions of people move to Dallas. It is home to around 1,207,202 people. With access to sports such as the Dallas Cowboys, Texas Rangers, and NBA's Dallas Mavericks, Dallas residents also relish Friday Night Lights and the beautiful climate all year round.
Apart from that, Dallas is also known for its high crime rate in burglary, vandalism, robbery, and theft. Do you think your home and personal belongings are safe in Dallas, TX? To ensure the safety of the house and belongings, residents of Dallas take home insurance to cover the perils that may take place on the property.
The average cost of home insurance in Dallas, Texas, is $1717. Homeowners in Dallas may also face many expenses for repairing the problems created within their house. The more covered you are, the lesser the financial risks involved in such cases. In Dallas, Texas, home insurance rates vary based on the type of coverage, minimum liability amount, material used to build the house, and applicable deductibles. However, various insurance companies in Dallas, Texas, offer discounts to reduce the rates further.
a. Homeowners insurance in Dallas based on the company
Homeowners insurance in Dallas, Texas, has multiple options. To help you find the best deal, VHome has collected the home insurance rates in Dallas, Texas, offered by insurance companies. Refer to the chart below to know the price.
b. Homeowners insurance in Dallas prices based on coverage level
Good companies are available to homeowners in Dallas, TX, that offer a variety of coverages and a choice in coverage amounts. Coverage refers to the package offered by the insurance company that covers the loss or repairs of the house in any unexpected events.
For example, homeowners paying a coverage of $100,000 can avail of home insurance in Dallas for $1089. Generally, homeowners opt for coverage of $300,000 to $500,000, where they have to pay a premium of $4631 and $7553, respectively, on home insurance in Dallas, TX.
c. Homeowners insurance in Dallas based on deductibles
Budget-focused homeowners can consider increasing their deductible. This will lead to lowered home insurance premiums as the insurer also bears part of the risk. A deductible is the amount of money that needs to be paid before your insurance policy will start paying for certain losses. If you choose a high deductible, you pay less in premium. For example, home insurance in Dallas may range from $1232.81 to $1696.4. Homeowners paying a high deductible of 2500 can avail of home insurance for $1232.81. In contrast, homeowners paying a low deductible of 500 and 1000 can avail of home insurance in Dallas, Texas, for $1696.4 and $1534.65, respectively.
The average cost of home insurance in Dallas, TX, is $1,545. This is lower than the average cost of home insurance in Texas but is higher than the average cost of home insurance in the country. Homeowners can save more on home insurance by comparing multiple quotes from different home insurance companies, also, offering a wide array of discounts to choose from. The following are the top 5 home insurance companies in Dallas, based on market share. They provide the best home insurance quotes based on numerous factors that affect its cost.
State Farm has the largest market share in the home insurance market in Dallas. It occupies a market share of 19.55%. It has a massive 1,847,041 direct premiums written, and 1,842,124 direct premiums earned. State Farm was awarded the “better than most” tag by J.D. Power. It rates State Farm quite high in terms of price, interaction with customers, and policy offerings. State Farm also has also received a rating of “A” from A.M. Best.
Allstate is the second-best home insurance company in Dallas. It occupies a market share of 13.08%. It has a massive 1,236,065 direct premiums written, and 1,178,535 direct premiums earned. A.M. Best has given Allstate an “A+” rating, while J.D. Power rates it as “above average”. J.D. Power considers Allstate’s billing policy and policy information to be just above average.
Farmers is third on this list, with a market share of 10.39%. It has 981,914 direct premiums written, and 964,870 direct premiums earned. Farmers has a J.D. Power rating of “above average”. It rates their policy offerings and overall satisfaction as above average. A.M. Best, on the other hand, has given Farmers an “A” rating.
USAA occupies a market share of 9.70% in Dallas. It has 916,464 direct premiums written, and 881,961 direct premiums earned. The company serves millions of military members and their families. It has the best J.D. Power Rating of 5/5. Its pricing, claims, and customer interaction is rated as “among the best” in the state. USAA also has an A.M. Best rating of A++.
Liberty Mutual has 696,450 direct premiums written, and 706,863 direct premiums earned. It occupies a market share of 7.37%. J.D. Power has given it a rating of 2 out of 5, where only its policy offerings and claims stand above average. A.M. Best has given Liberty Mutual a rating of “A”.
In Dallas, TX, the average cost of homeowner’s insurance is $1,051 per annum. This translates to about $73 to $99 per month. Vhome’s extended data analysis reveals that Dallas homeowners can save up to $414 by comparing quotes and reviews to choose the cheapest home insurance company.
Travelers quoted an insurance rate of $900 for a house built in 1960 on a policy coverage of $125,000 to $150,000, for a deductible ranging between $2,500 to $5,000. The discounts provided by Travelers makes their quotes very cheap. For example, Travelers provides discounts of up to 13% if homeowners bundle their home insurance policy with auto insurance policies.
Mapfre charges $1,650 in insurance rates on a coverage value ranging between $250,000 to $300,000, provided Dallas homeowners pay a deductible of $1,500. Mapfre provides claim-free discounts, home security discounts, and new home discounts, all of which make its quotes one of the cheapest in Dallas.
Dallas homeowners who have a policy with USAA pay an insurance rate of $2,004, for a house built in 2013 on a policy coverage ranging between $250,000 to $300,000, for a deductible rate of $500. Homeowners can further reduce home insurance costs by paying a high deductible. Vhome’s study revealed that Dallas homeowners could save up to $600 on a lock-in period of 8 years, by paying a high deductible.
As per a Vhome’s study, GEICO quoted an insurance rate of $2,340 for a house built in 1977 on a policy coverage ranging between $300,000 to $350,000, for a deductible rate of $1,000 to $2,500. Considering the old age of the home and the coverage value of the policy, the quote is regarded as very competitive in Dallas.
Amica Mutual charges $2,560 in insurance rates on a coverage value ranging between $3000,000 to $350,000, provided Dallas homeowners pay a deductible of $1,500. Amica Mutual makes its quotes very competitive by providing discounts of up to 15% on home insurance rates for homeowners that bundle home insurance policy with auto insurance policy.
|Dallas, TX Home Value||Total Homes||% of Total||Average Dallas, TX Homeowners Insurance|
|Less than $50,000||19,294||10.0%||$197|
|$50,000 to $59,999||7,948||4.0%||$414|
|$60,000 to $69,999||9,969||5.0%||$518|
|$70,000 to $79,999||12,510||7.0%||$601|
|$80,000 to $89,999||15,470||8.0%||$674|
|$90,000 to $99,999||12,307||6.0%||$757|
|$100,000 to $124,999||21,726||12.0%||$881|
|$125,000 to $149,999||12,979||7.0%||$1099|
|$150,000 to $174,999||11,219||6.0%||$1296|
|$175,000 to $199,999||8,035||4.0%||$1503|
|$200,000 to $249,999||15,246||8.0%||$1804|
|$250,000 to $299,999||12,835||7.0%||$2208|
|$300,000 to $399,999||16,707||9.0%||$2799|
|Home Insurance Company Near Dallas, TX||Homeowners Insurance Agency Near Dallas, TX||Address|
|NA||Texas Nonsubscriber, Inc.||1111 Beltline #203, Garland, TX, 75040|
|Allstate||Celeste Ins Agy Llc||303 N. US Hwy 69, Celeste, TX, 75423|
|Liberty Mutual Independent||Chapman-Cornelius Ins Service Inc||821 Greenview Dr Grand Prairie, Grand Prairie, TX, 75050|
|Travelers||Dean Morris Insurance Service Inc||413 APPALACHIAN WAY, MCKINNEY, TX, 75071|
|State Farm||Josh Hanna||508 N Crowley Rd Ste B, Crowley, TX, 76036-2604|
|Streets in Dallas Area||Homeowners Insurance Cost|
|North St, Jubilee Trl, Lochaven Dr, Las Colinas Blvd W, Lone Moor Cir, Vandelia St, McKinnon St, Lochinvar Ct, Quadrangle Dr, Glen Hill Dr||$1,128|
|Hermosa Dr, Dudley St, Groveway Dr, Drowsy Ln, Circlewood Dr, Kendale Dr, Hudspeth Ave, Oak Bend Ln, Hamilton Ave, Royal Pl||$1,007|
|Crowberry Ln, Court St, Northbrook Dr, Jim Reinthal Ct, Woodsboro Dr, Moonstone Dr, Malcolm Cir, Century Dr, Monssen Pkwy, Hanford Dr||$None|
|Teresa Dr, Celtic Ash, Merrifield Rd Rmp, Clover Valley Dr, Boisenberry Ln, Penelope St, Racine Dr, Pasco Dr, Gallant Fox Dr, Wendell Way||$1,015|
|Linda Dr, Marvin Gardens, Holbrook Dr, Diamond Park Dr, Town House Row, Woodburn Trl, Sleepy Hollow Dr, Verano Dr, Gulden Ln, Allentown Dr||$1,013|
|Happy Hollow Ln, Chapman St, Olympic Dr, Celeste Dr, Chase Ct, Mountain Bluff Ln, Alendale Dr, Dartstone Dr, Peavy Rd Exd, Bayview||$998|
|St George, SE 13th St, Shoreline Dr, Chipper Ct, Chimney Hill Ln, Merriman Pkwy, Parkdale Dr, Bellcrest Dr, White Rock Trl, Jeffries St||$1,077|
|Acklin Dr, Flamingo Dr, Centennial Dr, Vistaridge Dr, Sarah Ln, Omaha Ln, Trunk Ave, Crosstown Expy, Wylie St, Santa Monica Dr||$1,028|
|Navajo Trl, Weir St, Cloister Dr, Stoney Creek Blvd, Woodmont Dr, Woodoak Dr, Chapel Hill Dr, Hartsdale Ave, Crozier St, Avon St||$1,008|
|Clayton Oaks Dr, Crown Point Cir, Navy Ave, San Saba Dr, la Palma Dr, Morningside Ct, Rosehill Rd, Breakers Pt, la Manga Dr, 56th St||$1,053|
|Place||Savings For Senior Occupied Homes|
|Dallas||$155 to $157|
|Place||1 Car Bundle Savings On Insurance||2 Car Bundle Savings On Insurance||3 Car Bundle Savings On Insurance|
|Dallas County, Texas||$155||$207||$311|
|Highland Park town, Texas||$229||$305||$458|
|University Park city, Texas||$227||$303||$455|
|Place||Home insurance as a % of housing cost for homes with mortgage||Home insurance as a % of housing cost for homes without mortgage|
|Dallas Home By Monthly Rent||Total Homes||% of Total||Estimated Monthly Income To Afford Rented House Including Renters Insurance|
|Less than $200||3,299||1.0%||$349|
|$200 to $299||3,794||1.0%||$799|
|$300 to $499||11,127||4.0%||$1249|
|$500 to $749||81,322||32.0%||$1924|
|$750 to $999||74,286||29.0%||$2674|
|$1,000 to $1,499||55,085||22.0%||$3799|
|$1,500 or more||18,811||7.0%||$5449|
|Zip Code||Median Home Value||Median Homeowners Insurance|
|Low Deductible||High Deductible|
|Yearly Dallas Homeowner Insurance Premium Example||$1,200||$1,000|
|Out of Pocket Expense During Claim||$1,700||$2,700|
|Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim||$11,300||$10,700|
|Net Savings to Dallas Home Owner from High Deductible Plan||$600|
|Scenario||Dallas, TX Home Replacement Value MORE than Home Value||Dallas, TX Home Replacement Value LESS than Home Value|
|Insurance Premium based on Replacement Value||$1,400||$1,000|
|Risk Exposure from Under Insuring Coverage||Unnecessary Home Insurance Coverage of $17,500||Risk Exposure from Under Insuring Coverage is $26,000|
|Premium Impact||Insurance cheaper by $250/year||Insurance costlier by $150/year|
|Insurance Company||GEICO Insurance||USAA group||Travelers|
|Home Details||5 Beds, 4 Baths||4 Beds, 2 Baths||3 Beds, 2 Baths|
|Deductible||$1000-$2500 Deductible||$500 Deductible||$2500-$5000 Deductible|
|Year Built||Home Value||Roof Type||Sqft||Number of Bedrooms||Deductible||Premium||Premium Months||Siding Type||Smoker/Non Smoker|
|2011||365,000||Tile Roof||4,950||5||$500 Deductible||640||2||Stone Siding||No|
|1975||95,000||Slate Shingles Roof||1,210||2||$2500-$5000 Deductible||130||3||Vinyl siding||yes|
|2013||360,000||Slate Shingles Roof||4,060||5||> $10,000 Deductible||890||5||Stucco siding||yes|
|1990||180,000||Shingles Roof||1,820||5||$5000 to $10,000 Deductible||100||1||Stucco siding||yes|
|2011||100,000||Membrane Roof||1,340||3||$1000-$2500 Deductible||590||9||Vinyl siding||yes|
|1987||145,000||Membrane Roof||2,110||3||$2500-$5000 Deductible||920||10||Vinyl siding||yes|
|1974||205,000||Shingles Roof||2,150||4||$1000-$2500 Deductible||690||8||Wood siding||yes|
|1970||180,000||Wood Shake Roof||2,050||3||$5000 to $10,000 Deductible||650||7||Vinyl siding||No|
|1992||105,000||Slate Shingles Roof||1,220||2||$500 Deductible||420||8||Stucco siding||yes|
|2012||110,000||Metal Roof||1,600||2||$500 Deductible||540||7||Brick siding||No|
|1988||185,000||Composition Roof||2,570||5||$500 Deductible||670||5||Stone Siding||No|
|1998||155,000||Composition Roof||1,700||4||$5000 to $10,000 Deductible||540||9||Stucco siding||yes|
|1964||210,000||Composition Roof||2,780||4||$2500-$5000 Deductible||830||7||Vinyl siding||yes|
|1960||190,000||Membrane Roof||2,640||4||$500- $1000 Deductible||1320||8||Vinyl siding||No|
|1965||350,000||Tile Roof||4,780||5||$1000-$2500 Deductible||1340||7||Stone Siding||No|
|1988||140,000||Composition Roof||1,460||3||$500 Deductible||520||5||Brick siding||No|
|1963||230,000||Tile Roof||2,450||4||$5000 to $10,000 Deductible||780||9||Stone Siding||yes|
|1970||185,000||Shingles Roof||2,030||4||$500- $1000 Deductible||900||8||Brick siding||No|
|1989||180,000||Shingles Roof||1,960||3||$1000-$2500 Deductible||600||5||Vinyl siding||No|
|1983||130,000||Asphalt Shingles Roof||1,460||3||$1000-$2500 Deductible||790||12||Wood siding||No|
|1974||205,000||Wood Shake Roof||2,680||4||> $10,000 Deductible||640||8||Fiber-Cement Siding||No|
|1982||160,000||Slate Shingles Roof||1,720||2||$500- $1000 Deductible||300||3||Wood siding||No|
|1972||275,000||Shingles Roof||3,120||5||$500- $1000 Deductible||1530||7||Brick siding||yes|
|1966||85,000||Membrane Roof||1,070||2||$500- $1000 Deductible||370||6||Fiber-Cement Siding||yes|
|1973||345,000||Shingles Roof||4,190||5||> $10,000 Deductible||1000||6||Wood siding||No|
|1964||290,000||Tile Roof||3,170||4||> $10,000 Deductible||690||5||Stucco siding||No|
|1974||450,000||Metal Roof||4,880||5||$2500-$5000 Deductible||230||1||Stucco siding||No|
|1972||180,000||Composition Roof||1,850||3||$5000 to $10,000 Deductible||680||6||Brick siding||yes|
|2012||130,000||Wood Shake Roof||1,610||2||$500- $1000 Deductible||570||8||Brick siding||yes|
|2014||105,000||Shingles Roof||1,140||2||$500 Deductible||70||1||Stone Siding||yes|
|1984||190,000||Asphalt Shingles Roof||3,892||4||> $10,000 Deductible||1930||9||Brick siding||yes|