Plano ,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 Plano, 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 Plano, TX is $2302. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Plano, TX. VHome Insurance will help you navigate the world of homeowners insurance coverages in Plano, TX.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $921 |
| $200,000 | $1,565 |
| $300,000 | $1,934 |
| $400,000 | $2,947 |
| $500,000 | $3,706 |
Home insurance costs in Plano 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 |
|---|---|
| 075093 | $3,169 |
| 75024 | $3,125 |
| 75025 | $3,010 |
| 75075 | $2,933 |
| 75023 | $2,928 |
| 75074 | $2,862 |
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 Plano, TX, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $2,360 |
| $1000 Deductible | $2,111 |
| $1500 Deductible | $1,991 |
| $2500 Deductible | $1,796 |
| $5000 Deductible | $1,519 |
| Home Insurance Company Near Plano, TX | Homeowners Insurance Agency Near Plano, TX | Address |
|---|---|---|
| NA | Wes Briggs Agency | 808 Clarissa Pl, Garland, TX, 75040 |
| NA | Family Financial Group, Inc. | 3501 Gus Thomasson Rd 3501 Gus Thomasson Rd, Mesquite, TX, 75150 |
| Travelers | Efinity Insurance Corporation | 6201 COLLEYVILLE BLVD STE 200, COLLEYVILLE, TX, 76034 |
| Travelers | Mccaw Insurance Agency | 2615 Wesley St., Greenville, TX, 75401 |
| Allstate | Umer Usman | 7600 N Macarthur Blvd Ste 105, Irving, TX, 75063 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Parker city, Texas | $152 | $203 | $304 |
| Allen city, Texas | $134 | $179 | $268 |
| Murphy city, Texas | $139 | $185 | $278 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Plano, TX | 4.6% | 11.9% |
| Parker | 2.98% | 11.49% |
| Allen | 4.67% | 11.87% |
| Murphy | 4.01% | 11.66% |
| Plano Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| $300 to $499 | 764 | 1.0% | $1231 |
| $500 to $749 | 8,013 | 13.0% | $1906 |
| $750 to $999 | 20,470 | 33.0% | $2656 |
| $1,000 to $1,499 | 21,778 | 35.0% | $3781 |
| $1,500 or more | 9,000 | 14.0% | $5431 |
| Streets in Plano Area | Homeowners Insurance Cost |
|---|---|
| Glasgow Dr, Cypress Dr, Mantissa Dr, W Coats Dr, Park Creek Dr, Edgeview Ct, Lost Creek Dr, Stinson Rd, Loch Maree Dr, Thornwood Dr | $1,066 |
| Wescott Ln, Chapel Hill Blvd, Old Pond Dr, Allison Ln, Woodway Ln, Woodburn Cors, Yale Dr, Stargazer Dr, Naomi St, Elmer Dr | $1,096 |
| Bremerton Ct, Libby Rd, Alandale Dr, Hunter Ln, Lomond Ct, Woodview Ct, Lougheed Plz, W Medalist Cir, Lincolnshire Dr, Balboa Ln | $1,153 |
| Marchman Way, Campbell Rd, Heritage Pl, Carta Valley Dr, Rolling Brook Dr, Stone Mountain Ct, Co Rd 265, E 15th St, Wilkins Way, San Mateo Ct | $1,096 |
| Rockport Ln, Eagle Pass Way, Covinton Ln, Sheila Dr, Berkeley Ct, Compton Dr, Cardinal Ct, Lawndale Dr, Sharps Dr, Portside Ln | $1,040 |
| Progress St, Vernon Ct, McCoy Ct, McKinley Dr, Gansett Dr, Bishop Gate, Ruisseau Dr, Harvey Ln, Barnett Dr, Cayman Xing | $1,041 |
| Big Horn Ct, Boysenberry Ln, Pantigo Dr, Russell Creek Dr, S Alma Dr, Thornbranch Dr, Simsbury Dr, Horseshoe Trl, N Timberlake Cir, Greenville Dr | $1,101 |
| I Ave, Princeton Dr, Gettysburg Cir, White Oak Dr, Glenmere Trl, Nick Cir, Todd Dr, Plum Ct, Haun Trl, Springbridge Ln | $1,021 |
| Deloach Dr, Val Verde Dr, Endicott Dr, Basalt Dr, Lavon Pkwy, Dancing Waters Rd, Spence Dr, Crystal Way, Sunmeadow Dr, Deerhurst Dr | $1,092 |
| S Birmingham St, Oswego Dr, Noah Trl, White Oak St, Hinton Dr, Surrey Cir, Hamner Ln, Rivergrove Rd, Burke Dr, Co Rd 247 | $1,053 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Plano | $162 to $165 |
| Parker | $182 |
| Allen | $161 |
| Murphy | $166 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,400 | $2,400 |
| Yearly Plano Homeowner Insurance Premium Example | $1,100 | $900 |
| Out of Pocket Expense During Claim | $1,400 | $2,400 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $10,200 | $9,600 |
| Net Savings to Plano Home Owner from High Deductible Plan | $600 | |
| Scenario | Plano, TX Home Replacement Value MORE than Home Value | Plano, TX Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $475,500 | $314,500 |
| Insurance Premium based on Replacement Value | $4,950 | $3,275 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $69,000 | Risk Exposure from Under Insuring Coverage is $92,000 |
| Premium Impact | Insurance cheaper by $950/year | Insurance costlier by $725/year |
| Insurance Company | GEICO Insurance | Nationwide Insurance | Allstate |
| Monthly Premium | 136 | 218 | 88 |
| Year Built | 2005 | 1984 | 1992 |
| Home Details | 4 Beds, 3 Baths | 5 Beds, 1 Baths | 3 Beds, 1 Baths |
| Coverage Amount | $175000-$200000 | $300000-$350000 | $200000-$250000 |
| Deductible | $1000-$2500 Deductible | $2500-$5000 Deductible | > $10,000 Deductible |