Frisco, TX homeowners insurance is approximately $936 to $1,271, about $78-$105/month. Our detailed guide shows customers can save as much as $441 by getting multiple quotes. Enter your zipcode below and click “GO” to get multiple free quotes.
The average cost of home insurance in Frisco, Texas, is $2209. Texas is known for its erratic weather, which means you and your home are at risk of several disasters. Your home is likely to be the biggest and most significant financial investment you make in your lifetime. The right homeowner's insurance in Friso, Texas, will help you protect one of your most important assets. A homeowner or property insurance in Frisco, TX, helps ensure the investment you made to protect your home and family if something unexpected happens on the property. It also covers liability coverage. This coverage offers protection to you or other members of your household if someone is injured while on property.
The cost of homeowners insurance is determined after scrutinizing certain factors. These include the age of the house, claims history, coverage level, deductible, location, ZIP code, and others. Below are a few factors to get low priced home insurance in Frisco, Texas.
a. Multi-Policy insurance
If you have several exposures to risk that are typically covered separately, a multi-policy insurance contract gives you the option of getting them all under one policy. This means homeowners can have one insurance policy instead of multiple ones, and you might be eligible for a premium discount. Insurance providers offer discounts is because the company is generating revenue from a single customer, which saves them their time and money. Homeowners can receive home insurance for $1811.38 after opting for multi-policy insurance.
b. Claims history
The more claims you have on your document, the harder it may be to find reasonable and reliable coverage in Frisco. Many insurance providers increase insurance rates or limit coverage if your home has a history of recent losses. Homeowners in Frisco with zero claims history have to pay a premium of $1921.83, whereas homeowners with one or two claims have to pay $2385.72 and $2474.08 on homeowners insurance in Frisco, Texas. Homeowners with a clean track record can save up to $287.17 on home insurance in Frisco, TX.
c. Safety features
Most home security systems, including wireless alarms and keyless entry locks, can help you save money on your homeowner's insurance in Frisco, TX. For instance, homes equipped with smoke detectors and sprinkler systems pay $1988.1 and $2054.37 on home insurance in Frisco, TX.
The average cost of home insurance in Frisco, TX, ranges between $936 to $1,271. Frisco 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 Frisco 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 Frisco 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 Frisco 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.
|Frisco, TX Home Value||Total Homes||% of Total||Average Frisco, TX Homeowners Insurance|
|Less than $50,000||263||1.0%||$110|
|$100,000 to $124,999||458||1.0%||$485|
|$125,000 to $149,999||987||3.0%||$607|
|$150,000 to $174,999||3,328||12.0%||$717|
|$175,000 to $199,999||3,612||14.0%||$828|
|$200,000 to $249,999||6,477||25.0%||$993|
|$250,000 to $299,999||4,734||18.0%||$1214|
|$300,000 to $399,999||5,489||21.0%||$1545|
|Home Insurance Company Near Frisco, TX||Homeowners Insurance Agency Near Frisco, TX||Address|
|NA||Moore Insurance Group||2591 Dallas Pkwy 2591 Dallas Pkwy , Frisco, TX, 75034|
|Farmers||Anna Lopez||2020 Altamesa Blvd Ste B, Fort Worth, TX, 76134|
|Farmers||Huey Nguyen||3021 N Belt Line Rd, Irving, TX, 75062|
|Allstate||Kracynthia Gerald||800 Sw Green Oaks Blvd Ste 304, Arlington, TX, 76017|
|Liberty Mutual||Matthew Ford||1701 Shoal Creek Suite 246, Highland Village, TX, 75077|
|Streets in Frisco Area||Homeowners Insurance Cost|
|Lenox Ln, Emerald Lake Ln, Valley Mills Dr, Marlar Ln, Morgan Hill Rd, Chamber Hall Dr, Spruce St, Gunnison Trl, Seahawk Dr, Tahoe Trl||$1,060|
|Rhinelander Dr, Purdue St, Beachwood Dr, Duce Creek Dr, Foutch Rd, Meadow Vista Cir, Persimmon Ln, Trail View Ln, Fountainbleau Ln, Balcones Dr||$1,145|
|Slay Dr, Cotton Trl, Coldstone Dr, Harris Plz, FM 455, FM 455 E, Mill Town Dr, Dane Rd, Selma Ln, Mages Dr||$1,092|
|Pelican Dr, Walker Dr, Pawnee Ln, Joy Dr, Tucson Dr, Roadster Dr, Venetian Way, Navarro Way, Indian Trl, Glenturret Cir||$1,032|
|Remington Ln, Stardust Dr, Ducks Lndg, Wetland Dr, Country Glen Trl, Lake Ridge Dr, Sugartree Ln, Merrell Cir, Kennsington St, Jennings Cir||$1,034|
|Loving Trl, Cortez Ct, Lancashire Ln, E Rosson Rd, Norcross Dr, Turnstone Trl, Dawn Spring Dr, Glenbrooke Dr, W Rosson Rd, Apache Dr||$1,060|
|Osburn Rd, Briar Hollow Ln, Hillsdale Ln, Mountain Valley Dr, Debbie Ln, Flamingo Ct, Southern Pines Ct, Sandy Creek Dr, Montwood Dr, Manitou Dr||$1,087|
|Truitt Cir, Stagecoach Way, Harbor Hideaway, Goodman St, Nighthawk Dr, Cabbot Ct, Cross Bend Cir, Brighton Ln, Thistlewood Ln, Columbus Dr||$1,119|
|Gannet Dr, Sandstone Dr, Revolution Way, Cedar Falls Dr, Turnstone Dr, Luton Dr, Evening Mist Dr, Natural Bridge Dr, Indigo Sky Dr, Fargo Dr||$1,122|
|Brittany Ct, Watkins Dr, Blalock Dr, 4th Army Memorial Rd, Crystal Falls Dr, Concord Ln, Fritcher Rd, Cattail Ct, Millstream Dr, Siena Dr||$1,064|
|Place||Savings For Senior Occupied Homes|
|Frisco||$165 to $167|
|Place||1 Car Bundle Savings On Insurance||2 Car Bundle Savings On Insurance||3 Car Bundle Savings On Insurance|
|McKinney CCD, Collin County, Texas||$134||$179||$268|
|The Colony CCD, Denton County, Texas||$135||$180||$270|
|Hackberry town, Texas||$129||$172||$258|
|Place||Home insurance as a % of housing cost for homes with mortgage||Home insurance as a % of housing cost for homes without mortgage|
|Frisco Home By Monthly Rent||Total Homes||% of Total||Estimated Monthly Income To Afford Rented House Including Renters Insurance|
|$300 to $499||168||1.0%||$1225|
|$500 to $749||403||4.0%||$1900|
|$750 to $999||1,773||20.0%||$2650|
|$1,000 to $1,499||3,678||42.0%||$3775|
|$1,500 or more||2,481||28.0%||$5425|
|Low Deductible||High Deductible|
|Yearly Frisco Homeowner Insurance Premium Example||$2,200||$1,800|
|Out of Pocket Expense During Claim||$800||$2,800|
|Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim||$18,400||$17,200|
|Net Savings to Frisco Home Owner from High Deductible Plan||$1,200|
|Scenario||Frisco, TX Home Replacement Value MORE than Home Value||Frisco, TX Home Replacement Value LESS than Home Value|
|Insurance Premium based on Replacement Value||$3,525||$2,450|
|Risk Exposure from Under Insuring Coverage||Unnecessary Home Insurance Coverage of $43,500||Risk Exposure from Under Insuring Coverage is $84,000|
|Premium Impact||Insurance cheaper by $700/year||Insurance costlier by $375/year|
|Insurance Company||USAA group||Amica Mutual Insurance Company||Farmers Insurance|
|Home Details||3 Beds, 2 Baths||4 Beds, 1 Baths||5 Beds, 1 Baths|
|Deductible||$500 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|
|2012||225,000||Tile Roof||1,450||3||$500- $1000 Deductible||470||3||Stone Siding||No|
|2011||230,000||Membrane Roof||1,740||4||$5000 to $10,000 Deductible||710||5||Fiber-Cement Siding||yes|
|2013||420,000||Metal Roof||2,890||4||$2500-$5000 Deductible||850||3||Brick siding||No|
|2005||580,000||Wood Shake Roof||3,840||5||> $10,000 Deductible||2390||10||Stucco siding||yes|
|2007||380,000||Composition Roof||3,380||5||$500 Deductible||1000||4||Fiber-Cement Siding||yes|
|2008||630,000||Wood Shake Roof||4,690||5||> $10,000 Deductible||2210||6||Wood siding||yes|
|2010||290,000||Wood Shake Roof||2,660||4||$2500-$5000 Deductible||1030||6||Brick siding||No|
|2012||690,000||Shingles Roof||4,350||5||$5000 to $10,000 Deductible||1530||6||Fiber-Cement Siding||No|
|2011||475,000||Metal Roof||3,290||5||$5000 to $10,000 Deductible||1630||6||Stone Siding||yes|
|2014||490,000||Tile Roof||4,320||5||$500 Deductible||880||2||Stucco siding||No|
|2010||550,000||Metal Roof||4,350||5||> $10,000 Deductible||730||3||Stucco siding||No|
|2009||495,000||Wood Shake Roof||3,180||4||$1000-$2500 Deductible||1630||5||Fiber-Cement Siding||No|
|2011||265,000||Tile Roof||1,810||3||$500- $1000 Deductible||1180||7||Stucco siding||yes|
|2004||410,000||Shingles Roof||3,260||5||$5000 to $10,000 Deductible||980||4||Vinyl siding||yes|
|2014||265,000||Slate Shingles Roof||2,070||3||$500 Deductible||1720||8||Vinyl siding||No|
|2006||340,000||Shingles Roof||2,480||5||$2500-$5000 Deductible||1490||7||Vinyl siding||No|
|2014||370,000||Membrane Roof||2,610||5||> $10,000 Deductible||1250||7||Brick siding||yes|
|2013||670,000||Membrane Roof||4,340||5||$1000-$2500 Deductible||2120||5||Stone Siding||yes|
|2011||345,000||Metal Roof||3,220||4||$1000-$2500 Deductible||140||1||Vinyl siding||yes|
|2006||260,000||Metal Roof||2,190||3||$500- $1000 Deductible||190||1||Fiber-Cement Siding||No|
|2012||575,000||Composition Roof||4,090||5||$500 Deductible||3420||12||Brick siding||No|
|2005||240,000||Tile Roof||2,180||4||$500- $1000 Deductible||170||1||Stucco siding||yes|
|2008||310,000||Composition Roof||2,220||4||$500 Deductible||590||2||Stucco siding||yes|
|2004||630,000||Membrane Roof||4,270||5||$2500-$5000 Deductible||850||3||Stone Siding||yes|
|2013||240,000||Tile Roof||1,540||3||$2500-$5000 Deductible||1380||9||Brick siding||No|
|2014||405,000||Metal Roof||2,550||4||$500- $1000 Deductible||3720||12||Stucco siding||yes|
|2004||700,000||Wood Shake Roof||4,810||5||$2500-$5000 Deductible||340||1||Wood siding||yes|
|2014||515,000||Membrane Roof||4,540||5||$500 Deductible||2520||5||Wood siding||No|
|2011||525,000||Wood Shake Roof||3,490||5||$5000 to $10,000 Deductible||1730||5||Vinyl siding||No|
|2002||265,000||Wood Shake Roof||2,240||5||> $10,000 Deductible||1520||12||Stucco siding||yes|
|2000||205,000||Slate Shingles Roof||1,710||2||$1000-$2500 Deductible||670||5||Brick siding||yes|