Odessa ,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 Odessa, 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 Odessa, TX is $2044. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Odessa, TX. VHome Insurance will help you navigate the world of homeowners insurance coverages in Odessa, TX.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $818 |
| $200,000 | $1,390 |
| $300,000 | $1,717 |
| $400,000 | $2,616 |
| $500,000 | $3,291 |
Home insurance costs in Odessa 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 |
|---|---|
| 079761 | $2,660 |
| 79763 | $2,641 |
| 79766 | $2,683 |
| 79764 | $2,684 |
| 79765 | $2,847 |
| 79762 | $2,746 |
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 Odessa, TX, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $2,096 |
| $1000 Deductible | $1,874 |
| $1500 Deductible | $1,768 |
| $2500 Deductible | $1,594 |
| $5000 Deductible | $1,349 |
| Home Insurance Company Near Odessa, TX | Homeowners Insurance Agency Near Odessa, TX | Address |
|---|---|---|
| NA | R C Paulette Insurance | 2817 Jbs Pkwy Ste E-11, Odessa, TX, 79762 |
| State Farm | Barry Smith | 1050 N Dixie Blvd, Odessa, TX, 79761-2806 |
| Travelers | Insource Insurance Group Llc | 5108 WAYLAND DR, ODESSA, TX, 79762 |
| Farmers | Juan Luna Lutcf | 309 N Grant Ave, Odessa, TX, 79761 |
| Travelers | West Texas Insurance Exchange Inc | 1030 ANDREWS HWY SUITE 100, MIDLAND, TX, 79701 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Gardendale CDP, Texas | $152 | $203 | $305 |
| West Odessa CDP, Texas | $149 | $199 | $299 |
| Ector County, Texas | $152 | $202 | $303 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Odessa, TX | 7.6% | 21.2% |
| Gardendale | 7.1% | 21.41% |
| West Odessa | 7.96% | 23.63% |
| Ector County | 7.63% | 21.87% |
| Odessa Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 206 | 1.0% | $356 |
| $200 to $299 | 409 | 3.0% | $806 |
| $300 to $499 | 1,373 | 10.0% | $1256 |
| $500 to $749 | 4,910 | 36.0% | $1931 |
| $750 to $999 | 3,508 | 25.0% | $2681 |
| $1,000 to $1,499 | 2,893 | 21.0% | $3806 |
| $1,500 or more | 309 | 2.0% | $5456 |
| Streets in Odessa Area | Homeowners Insurance Cost |
|---|---|
| Hwy 191 E, Eastover Dr, S Lark Ave, E 25th St, Midway Ave, Schell St, Robertson Ave, Ridgecrest Ave, Lake Ln, Santa Rosa Ave | $1,021 |
| Kirkwood Dr, S Cunningham Ave, Magnolia Blvd, W 46th St, W Murphy St, Corona Cir, W 49th St, E 24th St, Magill St, W FM 3503 | $1,006 |
| Fall Ave, S Mildred Ave, Judy Ave, Rosewood Ave, E Murphy St, Terry Dr, Emerald Gardens Dr, Gregory St, Ventura Ave, Glenhaven Dr | $1,090 |
| Parkway Blvd, Byron Ave, E 18th St, N Alleghaney Ave, Salinas Ave, Boatwright St, Sapphire St, Nelda St, N Belmont Ave, E Tammy Dr | $1,035 |
| N Chinaberry Ave, E Molar St, Pecos St, Chinaberry Ct, Sandalwood Ln, S Kelley Ave, Brookover Cir, Bonham Ave, Robbe Rd, E Ivory St | $1,017 |
| Tye Ave, Vine Ave, E 29th St, Dove Dr, S Jbs Pkwy, E 51st St, Reagan Ave, Alabama St, E 31st St, Yale Ave | $1,002 |
| Coral Dr, E 35th St, Bankhead Ave, Angus Rd, Jp Teal Dr, Via Entrada, Cordova St, N Lauderdale Ave, Rosemary St, Keystone Dr | $1,037 |
| E 37th St, Crestview Dr, Gary Ter, Burgess St, Melody Ln, Pica Ave, E 52nd St, W Interstate 20 State Rte, Santa Rosa Ave, Kentucky Ave | $1,001 |
| Richwood Rd, Terrace Cir, Marfa Ln, Cherrywood Cir, Madera Ave, Sweetbriar Cir, N Waldrop Ave, Oregon St, S Jackson Ave, E 7th St | $1,033 |
| W 31st St, Newcomb Dr, Cabrillo Dr, E 17th St, Tobosa, N Alleghaney Ave, E Odessa St, Roosevelt Ave, Lancewood Ln, Sandhills Dr | $1,046 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Odessa | $152 to $154 |
| Gardendale | $152 |
| West Odessa | $149 |
| Ector County | $151 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,500 | $3,500 |
| Yearly Odessa Homeowner Insurance Premium Example | $2,600 | $2,200 |
| Out of Pocket Expense During Claim | $1,500 | $3,500 |
| Total Home Insurance Premium for 7 years + Out of Pocket Expense for Claim | $19,700 | $18,900 |
| Net Savings to Odessa Home Owner from High Deductible Plan | $800 | |
| Scenario | Odessa, TX Home Replacement Value MORE than Home Value | Odessa, TX Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $109,500 | $79,500 |
| Insurance Premium based on Replacement Value | $875 | $625 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $20,000 | Risk Exposure from Under Insuring Coverage is $10,000 |
| Premium Impact | Insurance cheaper by $100/year | Insurance costlier by $150/year |
| Insurance Company | Farmers Insurance | Allstate | Liberty Mutual |
| Monthly Premium | 100 | 45 | 67 |
| Year Built | 1993 | 1970 | 1987 |
| Home Details | 4 Beds, 3 Baths | 2 Beds, 1 Baths | 3 Beds, 1 Baths |
| Coverage Amount | $150000-$175000 | $50000-$75000 | $75000-$100000 |
| Deductible | $2500-$5000 Deductible | $500- $1000 Deductible | $500 Deductible |