Grand Prairie ,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 Grand Prairie, 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 Grand Prairie, TX is $2093. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Grand Prairie, TX. VHome Insurance will help you navigate the world of homeowners insurance coverages in Grand Prairie, TX.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $837 |
| $200,000 | $1,423 |
| $300,000 | $1,758 |
| $400,000 | $2,679 |
| $500,000 | $3,370 |
Home insurance costs in Grand Prairie 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 |
|---|---|
| 075051 | $2,686 |
| 75052 | $2,792 |
| 75050 | $2,722 |
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 Grand Prairie, TX, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $2,146 |
| $1000 Deductible | $1,919 |
| $1500 Deductible | $1,810 |
| $2500 Deductible | $1,633 |
| $5000 Deductible | $1,381 |
| Home Insurance Company Near Grand Prairie, TX | Homeowners Insurance Agency Near Grand Prairie, TX | Address |
|---|---|---|
| Allstate | Cesar Canales | 700 W Spring Creek Pkwy Ste 210, Plano, TX, 75023 |
| Travelers | Goosehead Insurance | 100 E ROYAL LANE STE 320, IRVING, TX, 75039 |
| Allstate | Justin Slocum | 811 E Yellowjacket Ln Ste 117, Rockwall, TX, 75087 |
| Liberty Mutual | Patrick Gilbreath | 4144 North Central Expressway Suite 160, Dallas, TX, 75204 |
| Farmers | Silvia Richards | 9500 Ray White Rd Ste 243, Fort Worth, TX, 76244 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Arlington CCD, Tarrant County, Texas | $130 | $173 | $260 |
| Duncanville city, Texas | $128 | $171 | $256 |
| Cedar Hill city, Texas | $130 | $173 | $259 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Grand Prairie, TX | 5.7% | 16.9% |
| Arlington | 5.62% | 14.81% |
| Duncanville | 6.3% | 15.39% |
| Cedar Hill | 5.5% | 14.37% |
| Grand Prairie Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 447 | 2.0% | $350 |
| $300 to $499 | 920 | 4.0% | $1250 |
| $500 to $749 | 5,453 | 25.0% | $1925 |
| $750 to $999 | 5,841 | 27.0% | $2675 |
| $1,000 to $1,499 | 6,825 | 31.0% | $3800 |
| $1,500 or more | 1,698 | 7.0% | $5450 |
| Streets in Grand Prairie Area | Homeowners Insurance Cost |
|---|---|
| Meadow Ln, Lowe Rd, Prairie View Blvd, FM 661, S 7th St, Skyline Dr, Blackbird, Melissa Ct, Summer Brook Ct, Alps Ct | $1,006 |
| Tayman Dr, Pecan Acres, Cope Rd, Dollar St, Ridgecrest Dr, Henderson St, Westcliff Cir, Millbrook Dr, Platte Ct, Embercrest Dr | $1,025 |
| Davis Rd, Pikes Peak, Cecilia Ave, W Railway Ave, Amy Dr, Teal Way, Miller Rd, S 6th St, Breezy Hill St, Rivertrail Dr | $1,008 |
| Mandy Ct, E Wyatt Rd, Sage Brush Trl, Skyline Cir, Janet Ct, Town View Dr, Lakeview, Becky Ln, Trail Lake Pl, Lakeview Rd | $1,008 |
| Ram Trl, Kimble Rd, Grey Dawn Dr, Saint Jacques Ave, Alyssum Dr, Bayberry Way, S 2nd St, Indian Wells Trl, W Ave G, Lewis Ave | $1,018 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Grand Prairie | $154 to $157 |
| Arlington | $156 |
| Duncanville | $154 |
| Cedar Hill | $155 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $800 | $3,800 |
| Yearly Grand Prairie Homeowner Insurance Premium Example | $1,500 | $1,000 |
| Out of Pocket Expense During Claim | $800 | $3,800 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $12,800 | $11,800 |
| Net Savings to Grand Prairie Home Owner from High Deductible Plan | $1,000 | |
| Scenario | Grand Prairie, TX Home Replacement Value MORE than Home Value | Grand Prairie, TX Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $141,500 | $101,000 |
| Insurance Premium based on Replacement Value | $1,325 | $950 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $15,000 | Risk Exposure from Under Insuring Coverage is $25,500 |
| Premium Impact | Insurance cheaper by $250/year | Insurance costlier by $125/year |
| Insurance Company | Allstate | State Farm | GEICO Insurance |
| Monthly Premium | 102 | 71 | 53 |
| Year Built | 2001 | 1983 | 2013 |
| Home Details | 4 Beds, 3 Baths | 5 Beds, 3 Baths | 2 Beds, 1 Baths |
| Coverage Amount | $200000-$250000 | $150000-$175000 | $75000-$100000 |
| Deductible | $5000 to $10,000 Deductible | $5000 to $10,000 Deductible | $1000-$2500 Deductible |