Texas is ranked seventh as the most expensive state for homeowners insurance, with an average homeowners insurance premium of $1,863 per year for $250,000 in dwelling coverage, based on a comparison of quoted annual premiums from Quadrant Information Services. This is 42% higher than the national average annual premium of $1,312 a year.
Texas residents know that the Lone Star State is subject to many hazards, including tornadoes, sinkholes, hurricanes and wildfires. Therefore, it is essential to have the best home insurance in Texas to protect your finances should something happen to your biggest asset: your home. Luckily, homeowners have plenty of insurance companies to choose from when it comes to home insurance.
The best home insurance companies in Texas
Based on our research of the largest insurance carriers by market share in the Lone Star State, Allstate, Amica Mutual, Farmers, State Farm and USAA are among the best Texas homeowners insurance companies. We analyzed each company’s average premium, coverages, discounts, policy features and third-party scores to determine which carriers to feature.
| Home insurance company | Average annual premium for $250k dwelling coverage | J.D. Power score |
|---|---|---|
| Allstate | $1,846 | 829/1,000 |
| Amica Mutual | $3,547 | 853/1,000 |
| Farmers | $2,189 | 814/1,000 |
| State Farm | $1,722 | 829/1,000 |
| USAA | $1,198 | 889/1,000 |
*USAA is not eligible for official ranking with J.D. Power due to eligibility restrictions.
Amica Mutual
Amica Mutual routinely ranks as one of the best insurance providers in the country. This comes from J.D. Power, AM Best and individual customer reviews. Amica offers a wide range of insurance products, including home, auto, umbrella and even flood insurance.
One of the most unique features about Amica is its dividend policy. Policyholders who choose this option are eligible to get up to on average 20% of their annual premium back each year.
State Farm
State Farm is a national insurance provider that offers multiple insurance products along with homeowners insurance. For example, you can get car insurance, motorcycle insurance, life insurance, boat insurance and many others. Policyholders who purchase more than one policy type with State Farm may save with their multi-policy discount.
State Farm offers a slew of coverage options and some agents enrolled with NFIP-Direct can even work with the National Flood Insurance Program on your behalf to obtain coverage for flood damage.
If you are looking for a company that offers discounts and convenient ways to access your account either online or via a mobile app, State Farm may be a good choice.
Allstate
Allstate offers numerous coverage options, as well as a variety of ways to save on your premium. One of Allstate’s most unique features is its online presence. It offers a variety of tools and free resources on its webpage for both members and non-members. Members can learn more about Allstate’s insurance products and learn how to make the most of their policy.
Farmers
Farmers is a full-service insurance provider that offers home, auto, renters, business, condo and life insurance. It offers three customizable homeowners insurance plans for its members to choose from: Standard, Enhanced and Premier.
Farmers also offers unique features to help customize your policy. You can enroll in the Declining Deductibles program, which lowers your deductible by $50 for each year that your policy is in force. You may also want to consider the cosmetic damages option or claim forgiveness.
USAA
USAA currently sells insurance only to active or former military members and their families. If you are eligible, USAA may be a great option. Like many other providers, you can bundle and save, choose from a variety of coverage options and do everything you need to do via its mobile app.
USAA offers unique protections to service members. For example, active-duty or deployed service members can rest assured that their military uniforms are covered. Additionally, USAA is member-owned, so its customers may get paid dividends each year just for choosing USAA as their insurance provider.