El Paso ,TX Home Insurance - The cost of homeowners insurance is influenced by a range of factors, including the value of your coverage, deductible, and the construction materials used in your home.
VHome Insurance conducted a thorough analysis of the El Paso, TX homeowners insurance market, taking into account factors like average costs, range of coverages, deductibles and customer satisfaction ratings to determine the best providers. The Average home insurance cost in El Paso, TX is $2002. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in El Paso, TX. VHome Insurance will help you navigate the world of homeowners insurance coverages in El Paso, TX.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $801 |
| $200,000 | $1,361 |
| $300,000 | $1,682 |
| $400,000 | $2,563 |
| $500,000 | $3,223 |
Home insurance costs in El Paso can vary greatly based on location. The frequency of claims in your area can affect the cost of your policy. Simply put, the location of your home can significantly impact your homeowners insurance premium.
| Zipcode | Average Insurance Premium |
|---|---|
| 079924 | $2,641 |
| 79904 | $2,631 |
| 79930 | $2,635 |
| 79903 | $2,635 |
| 79907 | $2,621 |
| 79915 | $2,625 |
| 79905 | $2,614 |
| 79901 | $2,596 |
| 79912 | $2,769 |
| 79932 | $2,763 |
| 79902 | $2,757 |
| 79934 | $2,710 |
| 79935 | $2,723 |
| 79925 | $2,693 |
| 79938 | $2,713 |
| 79936 | $2,682 |
One key aspect of your policy is the deductible, which is the amount you pay out of pocket before your insurance kicks in. Choosing the right deductible can have a major impact on your insurance premiums and overall savings. In this guide, we'll help you understand the options available for homeowners insurance deductibles in El Paso, TX, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $2,053 |
| $1000 Deductible | $1,836 |
| $1500 Deductible | $1,732 |
| $2500 Deductible | $1,562 |
| $5000 Deductible | $1,321 |
| Home Insurance Company Near El Paso, TX | Homeowners Insurance Agency Near El Paso, TX | Address |
|---|---|---|
| Farmers | Bruce Buchman | 1698 S Telshor Blvd Ste B, Las Cruces, NM, 88011 |
| Allstate | Nora Saenz | 1485 George Dieter Dr Ste 104, El Paso, TX, 79936 |
| Farmers | Phil Karnes | 344 S San Pedro St Ste B, Las Cruces, NM, 88001 |
| Allstate | Raul Mondragon Ii | 10780 Pebble Hills Blvd Ste J, El Paso, TX, 79935 |
| Travelers | Tony Ramos Insurance Agency | 7230 GATEWAY EAST STE H, EL PASO, TX, 79925 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Fort Bliss CDP, Texas | $158 | $210 | $315 |
| El Paso Northwest CCD, El Paso County, Texas | $158 | $210 | $315 |
| Sunland Park city, New Mexico | $99 | $132 | $198 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| El Paso, TX | 7.5% | 24.2% |
| El Paso Northwest | 5.85% | 23.85% |
| Sunland Park | 5.95% | 21.22% |
| Canutillo | 9.23% | 29.08% |
| El Paso Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 3,622 | 4.0% | $351 |
| $200 to $299 | 3,991 | 4.0% | $801 |
| $300 to $499 | 12,546 | 15.0% | $1251 |
| $500 to $749 | 26,317 | 32.0% | $1926 |
| $750 to $999 | 18,603 | 22.0% | $2676 |
| $1,000 to $1,499 | 13,441 | 16.0% | $3801 |
| $1,500 or more | 2,632 | 3.0% | $5451 |
| Streets in El Paso Area | Homeowners Insurance Cost |
|---|---|
| Tuscany Ridge Dr, Antilles Pl, Tamburo Ct, Copper Cloud Cir, Canyon Ridge Way, Calle Lomas Dr, Waycross Ave, Lake Volta Pl, Lady Hawk Ct, Brownfield Dr | $1,019 |
| Drummer Boy Ct, Glengarry St, Altadena Pl, Dakota St, Park Dr, Knollwood, Tennis West Dr, Turk Ct, Plainview Dr, Kings Bridge Dr | $1,080 |
| Antero Pl, Octavia St, Fawn Passage Pl, Fernridge Ct, W University Ave, Geisler Ct, Avalon Dr, Cactus Spine Ln, Edge of Texas St, Smith Rd | $1,007 |
| Mohair Dr, Sea Horse Dr, Tierra Dura Dr, Canyon Run Dr, S Virginia St, Riverside Rd, Robin Hood Dr, Geronimo Dr, Rackocy Ct, Knights Dr | $1,009 |
| O'Donnell St, Thunder Crest Ln, Dempsey Ave, la Mesa St, Tierra Fertil Dr, Manuel Acosta Dr, Lettie Ct, Raleigh Dr, Desert Canyon Dr, Travis St | $1,059 |
| Autumn Willow Way, Phoenix Dr, Pueblo St, Pointe Ln E, Roanoke Dr, Pan American Dr, Camelot Dr, Pamela Anne Ln, Mercedes St, Ol Guin Ct | $1,008 |
| Duskin Dr, Moore Rd, Cerro Negro Dr, Quitman Ave, Mount Shasta Dr, Plaza del Sur Ct, Domingo St, Paseo Randy Ln, Larry Wadkins Dr, Kellogg St | $1,046 |
| Abilene Ave, Gurss Pl, Loma del Rey Cir, Kentucky St, Lonesome Dove Cir, Chaffee Rd, Latuna Ave, Sandy Koufax Dr, Tierra Lucia Ct, la Cabana Pl | $1,074 |
| Bellwether Dr, Songland Ave, Wren Ave, Damasco Dr, Welch Ave, Niagara Falls, Joyce Cir, Laurel Clark Ln, Lazaro Pl, Ivey Dr | $1,026 |
| Vista Rio Cir, McArthur Dr, Capitan Ridge Dr, Passmore Rd, Morenci Rd, Aparicio Dr, Olivas V Aoy Ave, Stonehaven Dr, Shiner Ave, Loma Serena Pl | $1,118 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| El Paso | $154 to $156 |
| Fort Bliss | $157 |
| Sunland Park | $99 |
| Canutillo | $150 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,700 | $3,700 |
| Yearly El Paso Homeowner Insurance Premium Example | $1,200 | $800 |
| Out of Pocket Expense During Claim | $1,700 | $3,700 |
| Total Home Insurance Premium for 7 years + Out of Pocket Expense for Claim | $10,100 | $9,300 |
| Net Savings to El Paso Home Owner from High Deductible Plan | $800 | |
| Scenario | El Paso, TX Home Replacement Value MORE than Home Value | El Paso, TX Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $145,500 | $81,500 |
| Insurance Premium based on Replacement Value | $1,300 | $725 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $35,000 | Risk Exposure from Under Insuring Coverage is $29,000 |
| Premium Impact | Insurance cheaper by $275/year | Insurance costlier by $300/year |
| Insurance Company | Allstate | Liberty Mutual | Travelers |
| Monthly Premium | 325 | 109 | 89 |
| Year Built | 2005 | 1971 | 1999 |
| Home Details | 5 Beds, 2 Baths | 4 Beds, 3 Baths | 2 Beds, 1 Baths |
| Coverage Amount | $350000-$400000 | $250000-$300000 | $100000-$125000 |
| Deductible | $500 Deductible | > $10,000 Deductible | $1000-$2500 Deductible |