Waco ,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 Waco, 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 Waco, TX is $2031. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Waco, TX. VHome Insurance will help you navigate the world of homeowners insurance coverages in Waco, TX.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $812 |
| $200,000 | $1,381 |
| $300,000 | $1,706 |
| $400,000 | $2,600 |
| $500,000 | $3,270 |
Home insurance costs in Waco 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 |
|---|---|
| 076706 | $2,685 |
| 76701 | $2,654 |
| 76707 | $2,613 |
| 76710 | $2,731 |
| 76708 | $2,708 |
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 Waco, TX, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $2,082 |
| $1000 Deductible | $1,862 |
| $1500 Deductible | $1,757 |
| $2500 Deductible | $1,584 |
| $5000 Deductible | $1,340 |
| Home Insurance Company Near Waco, TX | Homeowners Insurance Agency Near Waco, TX | Address |
|---|---|---|
| Travelers | Bkcw Lp | 2100 TRIMMIER RD STE 100, KILLEEN, TX, 76541 |
| State Farm | Blake Harrell | 720 Lake Air Dr, Waco, TX, 76710-5743 |
| State Farm | Brian Boyd | 8809 Woodway Dr, Waco, TX, 76712-3634 |
| State Farm | David Jennings | 1304 S First Street, Temple, TX, 76504-5761 |
| State Farm | Terry Strickland | 4949 Franklin Ave, Waco, TX, 76710-6900 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Beverly Hills city, Texas | $149 | $199 | $299 |
| McLennan County, Texas | $153 | $204 | $306 |
| Woodway city, Texas | $159 | $212 | $318 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Waco, TX | 7.1% | 19.3% |
| Beverly Hills | 10.21% | 23.92% |
| McLennan County | 6.95% | 19.05% |
| Woodway | 5.34% | 13.64% |
| Waco Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 840 | 2.0% | $354 |
| $200 to $299 | 602 | 2.0% | $804 |
| $300 to $499 | 2,926 | 10.0% | $1254 |
| $500 to $749 | 9,705 | 34.0% | $1929 |
| $750 to $999 | 7,746 | 27.0% | $2679 |
| $1,000 to $1,499 | 5,484 | 19.0% | $3804 |
| $1,500 or more | 1,044 | 3.0% | $5454 |
| Streets in Waco Area | Homeowners Insurance Cost |
|---|---|
| Westlake Dr, Clifton St, Knotty Oaks Dr, School St, Briar Ridge Dr, E Mitchell St, Iowa St, Earle Rd, Griffin Ave, Mill Creek Cir | $1,003 |
| Bear Loop, Arkansas Dr, N 50th St, Canterbury Dr, E Ross St, Maryland Ave, Mahalia Dr, Texas Central Pkwy, Greenway Dr, N New Rd | $1,038 |
| Tulum Ln, Ave C, Bellmead Dr, Spring Willow, S 33rd St, Davis St, Tranquil Ct, N 3rd St, Larry Ln, Snow Pea Dr | $1,043 |
| Austin Ave, S 10th St, Michigan St, Sydney Dr, Washington Ave, Texas Ave, Crosby Dr, Greer St, Dublin Dr, Merrifield Dr | $1,002 |
| Scroggins Dr, Topeka Dr, Lp 340 Svc Rd, Yellow Stone Rd, Spring Valley Hwy, Alma Rohn Dr, N 60th St, S Barbara St, Gunnison Dr, Coral Reef Rd | $1,080 |
| Woodcock Dr, Princelett Pl, Kiowa Ln, S 3rd St Rd, Lola's Ln, Estancia Rd, Silver Maple Dr, Sherwood Cir, Wildwood Cir, Lincoln City Rd | $1,032 |
| Shirley Dr, Huntington Dr, Harvey Dr, Saratoga St, Wilson Ave, Roselawn Dr, W Panther Way, Pebble Creek, Green Branch Cir, S Old Robinson Rd | $1,039 |
| Saintsbury Cir, Ironhorse Trl, Pecan Ave, Stonewood Ct, Kiowa Trl, S Valley Mills Dr, Maple Hill Cir, Rosewood Dr, Oak Forest Cir, Chapel Creek Dr | $1,074 |
| Cove, S Martin Luther King Jr Blvd, Acree St, Palomino Dr, Links Cir, Bridle Trl, Maywood Dr, Virginia Valley, Mill St, E Hamilton St | $1,041 |
| Ellis Ave, N 39th St, E Loop 340, Karl May Dr, Bogey Ln, Dickens Dr, Airport Rd, Myers Ln, Viking Dr, Lilac Ln | $None |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Waco | $153 to $155 |
| Beverly Hills | $149 |
| McLennan County | $153 |
| Woodway | $159 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $700 | $3,700 |
| Yearly Waco Homeowner Insurance Premium Example | $1,800 | $1,200 |
| Out of Pocket Expense During Claim | $700 | $3,700 |
| Total Home Insurance Premium for 7 years + Out of Pocket Expense for Claim | $13,300 | $12,100 |
| Net Savings to Waco Home Owner from High Deductible Plan | $1,200 | |
| Scenario | Waco, TX Home Replacement Value MORE than Home Value | Waco, TX Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $223,500 | $157,500 |
| Insurance Premium based on Replacement Value | $2,000 | $1,425 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $32,000 | Risk Exposure from Under Insuring Coverage is $34,000 |
| Premium Impact | Insurance cheaper by $300/year | Insurance costlier by $275/year |
| Insurance Company | Liberty Mutual | State Farm | Allstate |
| Monthly Premium | 101 | 62 | 39 |
| Year Built | 1963 | 1975 | 1992 |
| Home Details | 2 Beds, 1 Baths | 4 Beds, 1 Baths | 3 Beds, 1 Baths |
| Coverage Amount | $100000-$125000 | $125000-$150000 | $75000-$100000 |
| Deductible | $500 Deductible | $5000 to $10,000 Deductible | $2500-$5000 Deductible |