Wichita Falls ,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 Wichita Falls, 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 Wichita Falls, TX is $1966. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Wichita Falls, TX. VHome Insurance will help you navigate the world of homeowners insurance coverages in Wichita Falls, TX.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $786 |
| $200,000 | $1,337 |
| $300,000 | $1,651 |
| $400,000 | $2,516 |
| $500,000 | $3,165 |
Home insurance costs in Wichita Falls 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 |
|---|---|
| 076309 | $2,631 |
| 76305 | $2,680 |
| 76306 | $2,614 |
| 76301 | $2,574 |
| 76308 | $2,712 |
| 76310 | $2,707 |
| 76302 | $2,651 |
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 Wichita Falls, TX, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $2,016 |
| $1000 Deductible | $1,803 |
| $1500 Deductible | $1,701 |
| $2500 Deductible | $1,533 |
| $5000 Deductible | $1,298 |
| Home Insurance Company Near Wichita Falls, TX | Homeowners Insurance Agency Near Wichita Falls, TX | Address |
|---|---|---|
| Travelers | An American Insurance Agency Inc | 1712 KEMP BLVD, WICHITA FALLS, TX, 76309 |
| State Farm | Chris Middick | 225 N 9th St, Frederick, OK, 73542 |
| State Farm | Jeff Rhoades | 118 W Park Ave, Iowa Park, TX, 76367-2805 |
| State Farm | Lee Sanger | 1616 W Gore Blvd, Lawton, OK, 73501-3611 |
| Farmers | Yuseff Saunders | 1416 NW 52nd St, Lawton, OK, 73505 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Pleasant Valley town, Texas | $128 | $170 | $255 |
| Cashion Community city, Texas | $129 | $171 | $257 |
| Dean city, Texas | $128 | $170 | $255 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Wichita Falls, TX | 7.4% | 18.7% |
| Pleasant Valley | 7.57% | 18.08% |
| Cashion Community | 8.18% | 19.83% |
| Dean | 7.39% | 18.29% |
| Wichita Falls Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 283 | 1.0% | $356 |
| $200 to $299 | 601 | 4.0% | $806 |
| $300 to $499 | 1,932 | 13.0% | $1256 |
| $500 to $749 | 4,958 | 34.0% | $1931 |
| $750 to $999 | 3,566 | 24.0% | $2681 |
| $1,000 to $1,499 | 2,247 | 15.0% | $3806 |
| $1,500 or more | 964 | 6.0% | $5456 |
| Streets in Wichita Falls Area | Homeowners Insurance Cost |
|---|---|
| Waggoner Cir, 24th St, Ave Q, Denver St, Trailwood Dr, Canyon Trails Dr, Judson Cir, Gloria Ln, Jackson Cir, Baylor St | $1,037 |
| Shasta Dr, Weeks Park Ln, Warren St, Keith St, Bandera Cir, Selma Dr, Sierra Dr, Summit Cir, Denzil St, Falcon Blvd | $1,002 |
| Gregg Rd, Driftwood Dr, Clift St, Wellington Ln, Elliott St, Heather Ln, Cleveland Ave, Nursery St, Jamaica Cir, Jupiter St | $1,033 |
| Nunn St, Columbia Rd, Foster Ave, Leroy St, Avenue S, FM 3393, Dove St, Windthorst Rd, Pawhuska Dr, Mustang St | $989 |
| Periwinkle, Ave Y, Barrywood Dr, Shelly Cir, Fort Worth St, Park St, Lucile Ave, Maverick Trl, Mill Valley Dr, E 4th St | $1,039 |
| Conkling Dr, Randolph Dr, FM 2650, Jefferson St, Poteet Dr, Burnett St, McGregor Ave, Deggs St, Gregory St, S Lake Park Dr | $None |
| Trigg Ln, Beefeater Dr, Pleasant View Dr, Bus Hwy 287J, Oceola Ave, Bell Rd N, Wendover St, Tyler St, Faith Rd, Freedom Ct | $1,016 |
| Glendale Dr, Britain St, Athletic Rd, Edgecliff Dr, Wichita St, Sheppard Access Rd, Las Cruces Ln, Norman St, Avery Row Ct, Shepherds Glen | $1,013 |
| Saint Andrews Ct, Tanglewood Blvd, Lawery Rd, Stirling St, Ash Ave, Borland Ln, N 5th St, Cliffside Dr, Blue Stem Dr, Speedway Ave | $1,044 |
| Northeast Dr, Sweetbriar Dr, Terral St, Ave M, Suburban Ave, Redford Ter, Deanna Cir, Tobago St, Conner Cir, Webster St | $988 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Wichita Falls | $152 to $154 |
| Pleasant Valley | $153 |
| Cashion Community | $154 |
| Iowa Park | $151 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,000 | $3,000 |
| Yearly Wichita Falls Homeowner Insurance Premium Example | $1,500 | $1,100 |
| Out of Pocket Expense During Claim | $1,000 | $3,000 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $13,000 | $11,800 |
| Net Savings to Wichita Falls Home Owner from High Deductible Plan | $1,200 | |
| Scenario | Wichita Falls, TX Home Replacement Value MORE than Home Value | Wichita Falls, TX Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $69,000 | $46,500 |
| Insurance Premium based on Replacement Value | $575 | $375 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $16,000 | Risk Exposure from Under Insuring Coverage is $6,500 |
| Premium Impact | Insurance cheaper by $75/year | Insurance costlier by $125/year |
| Insurance Company | Farmers Insurance | Nationwide Insurance | Liberty Mutual |
| Monthly Premium | 119 | 131 | 77 |
| Year Built | 1967 | 1980 | 1997 |
| Home Details | 4 Beds, 1 Baths | 5 Beds, 1 Baths | 2 Beds, 1 Baths |
| Coverage Amount | $200000-$250000 | $200000-$250000 | $75000-$100000 |
| Deductible | $2500-$5000 Deductible | $500- $1000 Deductible | $500 Deductible |