Lubbock ,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 Lubbock, 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 Lubbock, TX is $2032. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Lubbock, TX. VHome Insurance will help you navigate the world of homeowners insurance coverages in Lubbock, TX.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $813 |
| $200,000 | $1,382 |
| $300,000 | $1,707 |
| $400,000 | $2,601 |
| $500,000 | $3,272 |
Home insurance costs in Lubbock 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 |
|---|---|
| 079407 | $2,696 |
| 79414 | $2,660 |
| 79401 | $2,641 |
| 79412 | $2,614 |
| 79404 | $2,585 |
| 79415 | $2,591 |
| 79411 | $2,638 |
| 79403 | $2,588 |
| 79424 | $2,807 |
| 79423 | $2,735 |
| 79413 | $2,720 |
| 79410 | $2,712 |
| 79416 | $2,711 |
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 Lubbock, TX, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $2,083 |
| $1000 Deductible | $1,863 |
| $1500 Deductible | $1,758 |
| $2500 Deductible | $1,585 |
| $5000 Deductible | $1,341 |
| Home Insurance Company Near Lubbock, TX | Homeowners Insurance Agency Near Lubbock, TX | Address |
|---|---|---|
| NA | Upshaw Insurance Agency Inc | 2321 50Th Street Ste K, Lubbock, TX, 79412 |
| Allstate | Alan Newton Insurance Agency Inc. | 128 E Waylon Jennings Blvd, Littlefield, TX, 79339 |
| Travelers | Ashmore & Associates Insurance Agency Llc | 6102 82ND STREET #6, LUBBOCK, TX, 79424 |
| Farmers | Daniel Enabnit | 8605 Milwaukee Ave Ste 101, Lubbock, TX, 79424 |
| Travelers | J & K Insurance Agency Inc | 119 W COLLEGE, LOCKNEY, TX, 79241 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Lubbock County, Texas | $128 | $171 | $256 |
| Wolfforth city, Texas | $130 | $173 | $260 |
| New Deal town, Texas | $125 | $167 | $250 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Lubbock, TX | 7.2% | 19.5% |
| Lubbock County | 7.23% | 19.84% |
| Wolfforth | 5.92% | 21.6% |
| New Deal | 8.85% | 21.69% |
| Lubbock Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 484 | 1.0% | $353 |
| $200 to $299 | 663 | 1.0% | $803 |
| $300 to $499 | 3,830 | 9.0% | $1253 |
| $500 to $749 | 13,299 | 34.0% | $1928 |
| $750 to $999 | 10,070 | 26.0% | $2678 |
| $1,000 to $1,499 | 7,655 | 19.0% | $3803 |
| $1,500 or more | 2,443 | 6.0% | $5453 |
| Streets in Lubbock Area | Homeowners Insurance Cost |
|---|---|
| Ash Ave, 88th Dr, FM 2255, Yuma Ave, C R 1540, Date Ave, E Co Rd 7700, Co Rd 5830, Cr 1835, 153rd St | $1,054 |
| E 13th St, Ecr 6200, Sycamore Park, Elder Ave, Uxbridge Ave, Co Rd 2400, FM 597, Mlk Jr Blvd, C R 7635, Co Rd 1950 | $1,001 |
| 107th Dr, E Bates St, 91st Ln, Rochester Ave, Troy Ave, C R 1435, Marlboro St, C R 5830, N Clinton Ave, C R 7300 | $1,011 |
| Bonanzo, Vardo Ln, 87th Pl, Co Rd 6420, N Ave N, C R 7730, Lynnhaven Ave, Greek Cir, C R 2000, Clovis State Rte | $989 |
| Whisperwood Cir, Hwy 179, 140th St, 146th St, E 17th St, Norwich Ave, 88th Pl, Barry Ln, N Co Rd 2300, County Rd | $999 |
| Clinton Ave, War Hwy, E 88th St, Co Rd 7650, FM 2192-C R 2730, E 18th St, Everett Ave, E Newcomb St, Urbana Ave, Kirby Ave | $1,023 |
| Trotter Rd, N Ithaca Ave, N Oak Ave, S Ave E, Texas Frd, E 3rd Pl, Co Rd 7600, Prentiss Ave, Vanda Ave, Mc Guire St | $996 |
| Vega Ln, FM 2378-C R 1000, E Co Rd 7270, E FM 41-E C R 7800, Co Rd 6450, Co Rd 7100, 93rd Dr, Co Rd 6960, 106th St, Trenton Ave | $1,045 |
| Co Rd 1250, Cantebury Ave, Wells St S, Co Rd 7475, Woodrow Rd, Hoover Dr, Gannon St, E 17th St, Joel Ln, N Ash Ave | $996 |
| N Canton Ave, Co Rd 5100, Primrose Ave, N King Ave, E 24th St, Co Rd 2110, 108th Dr, Cherry Ave, C R 2110, Co Rd 7365 | $1,007 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Lubbock | $153 to $155 |
| Lubbock County | $153 |
| Wolfforth | $156 |
| New Deal | $150 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $900 | $3,900 |
| Yearly Lubbock Homeowner Insurance Premium Example | $1,200 | $700 |
| Out of Pocket Expense During Claim | $900 | $3,900 |
| Total Home Insurance Premium for 7 years + Out of Pocket Expense for Claim | $9,300 | $8,800 |
| Net Savings to Lubbock Home Owner from High Deductible Plan | $500 | |
| Scenario | Lubbock, TX Home Replacement Value MORE than Home Value | Lubbock, TX Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $101,000 | $74,500 |
| Insurance Premium based on Replacement Value | $725 | $550 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $17,500 | Risk Exposure from Under Insuring Coverage is $9,000 |
| Premium Impact | Insurance cheaper by $50/year | Insurance costlier by $125/year |
| Insurance Company | Chubb Group of Insurance | USAA group | Farmers Insurance |
| Monthly Premium | 57 | 161 | 185 |
| Year Built | 1973 | 1998 | 1986 |
| Home Details | 3 Beds, 1 Baths | 4 Beds, 1 Baths | 5 Beds, 1 Baths |
| Coverage Amount | $75000-$100000 | $200000-$250000 | $200000-$250000 |
| Deductible | $1000-$2500 Deductible | $500 Deductible | $500 Deductible |