Our rankings of the best home insurance in Plano place State Farm at the top with a MoneyGeek score of 4.6 out of 5 and competitive rates at $371 monthly, offering reliable local agent support. USAA earned the highest score at 4.9 for military families and veterans but didn't earn the No. 1 spot in our ranking because of its eligibility requirements. USAA, Chubb, Farmers and Mercury complete our top five.
Best Cheap Home Insurance in Plano, Texas
Updated: March 12, 2026
Advertising & Editorial Disclosure
Compare the Best Home Insurance Companies in Plano
| State Farm | 4.57 | $371 |
| USAA | 4.88 | $361 |
| Chubb | 4.52 | $560 |
| Farmers | 4.43 | $399 |
| Mercury Insurance | 4.25 | $245 |
*Rates are for a 2,500-square-foot home with $250,000 in dwelling coverage and a $1,000 deductible, built in 2000.
Our Top 3 Recommendations for Plano Homeowners Insurance
State Farm
Best for Plano Homeowners
MoneyGeek Rating
4.6/ 5
4.8/5Affordability
4.4/5Customer Experience
4.2/5Coverage
J.D. Power Customer Satisfaction Score
657/1,000From the J.D. Power 2025 U.S. Home Insurance Study, which examines customer satisfaction based on responses from 14,511 homeowners and renters. The average score is 642/1,000.Average Monthly Premium
$371Based on our methodology's base profile of a policy with $250K in dwelling coverage, $125K in personal property coverage and $200K in liability coverage with a $1,000 deductible.
USAA
MoneyGeek Rating
4.9/ 5
4.8/5Affordability
5/5Customer Experience
5/5Coverage
J.D. Power Customer Satisfaction Score
737/1,000From the J.D. Power 2025 U.S. Home Insurance Study, which examines customer satisfaction based on responses from 14,511 homeowners and renters. The average score is 642/1,000.Average Monthly Premium
$361Based on our methodology's base profile of a policy with $250K in dwelling coverage, $125K in personal property coverage and $200K in liability coverage with a $1,000 deductible.
Chubb
MoneyGeek Rating
4.5/ 5
4.5/5Affordability
4.6/5Customer Experience
4.6/5Coverage
J.D. Power Customer Satisfaction Score
677/1,000From the J.D. Power 2025 U.S. Home Insurance Study, which examines customer satisfaction based on responses from 14,511 homeowners and renters. The average score is 642/1,000.Average Monthly Premium
$560Based on our methodology's base profile of a policy with $250K in dwelling coverage, $125K in personal property coverage and $200K in liability coverage with a $1,000 deductible.
How Much Does Plano Home Insurance Cost?
Compared to Texas's average of $560 per month, Plano homeowners pay an average of $504 monthly for home insurance with $250,000 in dwelling coverage, $125,000 in personal property and $200,000 in liability. Your actual premium varies based on your home's age, construction materials and chosen deductible amount.
Plano's geographic location drives up premiums through proximity to flood zones that increase water damage risk and high winds with potential tornado activity that raise structural damage concerns. These environmental factors contribute to higher home insurance costs across the area.
| $100K Dwelling / $50K Personal Property / $100K Liability | $245 | $2,940 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $504 | $6,054 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $865 | $10,376 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $1,199 | $14,393 |
| $1MM Dwelling / $500K Personal Property / $1MM Liability | $1,514 | $18,167 |
Who Has the Cheapest Home Insurance in Plano?
Mercury Insurance offers the lowest home insurance rates in Plano at $245 monthly, which saves homeowners 51% compared to the city's $504 average. USAA ranks second for affordability at $361 per month, providing a 28% discount from typical premiums while maintaining strong coverage options and local agent support.
| Mercury Insurance | $245 | -51% |
| USAA | $361 | -28% |
| State Farm | $371 | -26% |
| Farmers | $399 | -21% |
| IAT Insurance Group | $545 | 8% |
COMPARE COVERAGE, NOT JUST COST
When shopping for coverage, Plano homeowners should look at coverage limits, deductibles and satisfaction ratings along with premiums rather than focusing solely on price. The cheapest rates don't always provide the best value. Find out about top providers in our best homeowners insurance companies in Texas review to ensure you get adequate coverage.
How to Get the Best Cheap Home Insurance in Plano
Getting cheap home insurance in Plano means balancing cost with adequate coverage for local risks.
Compare quotes from multiple insurers
Ask for quotes from at least three companies since rates vary, with average premiums ranging from $245 to $560 monthly among top-rated Plano insurers.
Bundle home and auto policies
Most Plano insurers give 10% to 25% discounts when you combine policies, with companies like Allstate and State Farm providing multi-policy savings.
Maintain a strong credit score
Texas insurers use credit-based insurance scores when calculating premiums, and improving your credit can lower rates over time.
Upgrade your home’s safety features
Installing monitored security systems, smoke detectors, fire sprinklers and storm shutters can qualify you for discounts of 5% to 20% depending on the improvements.
Best Home Insurance in Plano: Bottom Line
Plano's home insurance costs average $504 monthly, and rates range from $245 to $560 among leading insurers, depending on coverage needs. State Farm is the best overall, with good customer service and affordability. Mercury offers the cheapest home insurance rates at $245.
Plano Home Insurance: FAQ
Common questions for Plano homeowners include what coverage they need and how to lower premiums.
Does home insurance cover wind damage in Plano?
Plano's severe storms can cause wind damage that's covered under standard home insurance policies. Wind damage to your roof, siding, windows and other structures is covered, after you pay your deductible.
What doesn't home insurance cover?
Most home insurance policies don't cover flood damage, earthquakes, normal wear and tear and damage from lack of maintenance. Plano homeowners living in flood-prone areas should purchase separate flood insurance through the National Flood Insurance Program.
Is home insurance required in Plano?
Texas doesn't legally require home insurance, though mortgage lenders require it until your loan is paid off. Even without a mortgage, homeowners should keep coverage to protect against severe thunderstorms and hail, tornadoes and high winds common in the Plano area. These weather events can cause financial losses without proper protection.
What discounts are available for Plano homeowners?
Multiple savings methods are available for Plano homeowners, including bundling home and auto policies for 10% to 25% off, installing security systems (5% to 15% discount), upgrading to fire-resistant roofing materials (up to 20% savings) and maintaining a claims-free history for three or more years.
Our Methodology: Determining the Best Cheap Home Insurance Companies in Plano
We analyzed premium data from Quadrant Information Services for 10 major insurers serving Texas, then evaluated their coverage options and customer experience to identify companies with the best combination of affordability, financial strength and service for Plano homeowners.
Our base profile used a 2,500-square-foot home built in 2000 with $250,000 dwelling coverage, $125,000 personal property coverage and $200,000 liability coverage. All policies included a $1,000 deductible to make sure we compared rates accurately. We also analyzed rates for newly constructed homes, increased dwelling coverage limits, higher deductibles of $2,500 or $5,000 and homeowners with poor credit scores to understand how insurers price coverage across different risk profiles.
We combined affordability scores (weighted 55%), customer satisfaction data from J.D. Power surveys and customer reviews (weighted 30%) and coverage add-on availability (weighted 15%) to calculate each company's final MoneyGeek score.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. He has analyzed the insurance market for over five years, conducting original research for insurance shoppers. His insights have been featured in CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.