The Cheapest and Best Homeowners Insurance in Arlington
The Cheapest Home Insurance Companies in Arlington
Core coverages offered by most home insurance carriers are nearly identical. By comparing quotes from several companies, you can find the cheapest homeowners insurance in Arlington.
The cheapest homeowners insurance quotes for a $250,000 home insurance policy in Arlington are:
- Chubb: $2,262 per year
- Universal North America: $2,350 per year
However, MoneyGeek found that the cheapest quotes for expensive homes with $2 million in dwelling coverage are from the following insurers:
- Chubb: $7,159 per year
- Farmers: $12,363 per year
A variety of factors, including the amount of dwelling coverage you choose, determine your homeowners insurance premiums. The table below depicts how prices fluctuate in response to changes in the amount of dwelling coverage.
The Cheapest Home Insurance in Arlington, Ranked
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The homeowners insurance policies in this report all have $100,000 in liability coverage. The baseline dwelling coverage is $250,000 with a personal property limit of $100,000. These figures can change. For example, all policies with dwelling coverage of $2 million have a personal property limit of $800,000.
If you live in a city in Texas other than Arlington, you can also compare homeowners insurance quotes from several companies in the state.
The Average Cost of Homeowners Insurance in Arlington for 2022
A standard homeowners insurance policy in Arlington costs around $4,048 per year or $337 per month. This is approximately $658 more than Texas' yearly average of $3,390 and about twice the national average of $2,103.
Calculate the Cost of Home Insurance in Arlington
Apart from the dwelling coverage you select, other factors affecting the cost of your home insurance policy include your location, credit score and the policy's personal property limits.
You can use MoneyGeek's home insurance calculator to compare home insurance rates from multiple insurers in Texas.
Home Insurance Calculator
These are annual estimates. Get a personalized quote to determine your costs.
The Best Home Insurance Companies in Arlington
Homeowners insurance in Arlington should be compared on price, as well as customer service experience and the financial stability of the insurance company. The latter helps ensure any approved claims you make under your policy are paid in full and in a timely manner.
MoneyGeek has ranked the following companies as Arlington's best homeowners insurance providers overall:
- Best Overall: USAA (only serving current and former military members and families)
- Runner-up: Chubb
The home insurance providers’ affordability, customer satisfaction and financial stability were all taken into account in this MoneyGeek's analysis.
USAA is MoneyGeek's top-rated company for Arlington due to its perfect customer satisfaction scores from JD Power and financial stability ratings from AM Best. The company only serves military veterans and active-duty service members and their families.
USAA offers home-sharing coverage to cover the costs of being a landlord if you rent out a room or your entire house. You might qualify for savings if you install protective security systems and maintain a claim-free record. Also, active military members are insured for the loss of their uniforms under the terms of their home insurance policy with USAA, without a deductible.Read MoneyGeek's USAA home Insurance Review
Chubb is ranked second on MoneyGeek's list because of its perfect financial stability and affordability scores. Chubb's plans cover the cost of rebuilding your house to its original state, even if the cost exceeds your insurance maximum.
Since depreciation is not taken into account when replacing your personal property under a Chubb policy, you will receive new items that are indistinguishable from the old. Aside from this, the company's policies feature free risk assessments to ensure that your home is adequately protected against any potential threats.Read MoneyGeek's Chubb home Insurance Review
Cheapest Home Insurance Companies in Arlington for Newly Constructed Homes
In Arlington, newer houses cost less to insure than older ones. Because new homes are built with modern materials, insurers assume that they are more damage resistant, and homeowners will file fewer claims. If damage does occur, newer materials can more readily be replaced than those used in older homes.
Insurance for newer homes in Arlington costs, on average, $2,582 per year versus $4,048 for a property built in 2000.
The two cheapest insurance providers in Arlington for newly constructed homes with $250,000 in dwelling coverage are:
- Nationwide: $1,478 per year
- Universal North America: $1,499 per year
The Cheapest Home Insurance in Arlington for New Homes, Ranked
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Cheapest Home Insurance Companies in Arlington if You Have a Lot of Personal Property
The home insurance policy you choose will cover your home itself and any personal possessions. The more personal goods insured by your policy, the higher your premium.
The average annual cost of a house insurance policy in Arlington is $4,164 for a personal property limit of $250,000. In comparison, it costs on average $4,048 per year to insure $100,000 in personal property.
On average, the following companies offer the cheapest home insurance quotes in Arlington for homes insured for $250,000 in dwelling coverage and $250,000 in personal property coverage:
- Chubb: $2,262 per year
- Universal North America: $2,418 per year
Cheap Companies in Arlington for Extra Personal Property Coverage
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Cheapest Home Insurance Companies in Arlington for High Deductibles
Deductibles are the amount you must pay out of pocket before your insurance company pays your claim. Your deductible affects your policy premiums: Your premium will be lower if the deductible is higher. In contrast, your insurance premium will be higher if you opt for a lower deductible.
Homeowners in Arlington, Texas, can expect to pay home insurance premiums of $3,554 per year with a $2,000 deductible and $4,058 per year with a $1,000 deductible.
For homeowners insurance with a $2,000 deductible, the cheapest home insurance providers in Arlington are:
- Universal North America: $2,063 per year
- Chubb: $2,078 per year
The Cheapest Companies in Arlington for High Deductibles, Ranked
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Cheapest Home Insurance Companies in Arlington if You Have Poor Credit
The cost of your homeowners insurance policy in Arlington is also affected by your credit score. Insurers consider people with poor credit scores higher risk and more likely to file a claim. Homeowners with bad credit pay more for home insurance than those with good credit scores.
For example, people in Arlington with poor credit pay an average of $8,657 a year for home insurance. People with good credit scores pay an average of $4,048 a year for the same type of insurance plan, less than half the cost of someone with bad credit.
If you have a poor credit score, the two companies that offer the cheapest homeowners insurance in Arlington are:
- Universal North America: $3,706 per year
- Chubb: $3,904 per year
The Cheapest Companies in Arlington for Poor Credit, Ranked
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Getting Online Homeowners Insurance Quotes in Arlington
To get a quote for homeowners insurance online, make sure you have the following information at hand:
- Home replacement cost: This is the cost of rebuilding your house after it has been damaged by an event covered by your insurance policy. Insurers use this estimate to calculate how much dwelling coverage is appropriate for your policy. You can get a replacement cost estimate from a real estate appraiser, contractor or construction professional.
- Personal property value: Calculate how much your belongings are worth. This figure will be used when determining your personal property coverage limit.
- Personal information: To obtain online home insurance rates, insurers ask for your personal details, such as your age, address, credit score, insurance claim history and social security number.
- Details about your home: It is critical to supply details about your home, such as when it was built, its overall size and whether or not you have any security devices installed.
Homeowners Insurance in Arlington Analysis: Methodology
To conduct this study, MoneyGeek researched 10 homeowners insurance companies in Arlington using data supplied by Quadrant. A sample home with varying levels of coverage was used to assess the affordability ratings of the companies. Additionally, customer satisfaction surveys conducted by J.D. Power were utilized to determine each company's degree of satisfaction.
The baseline profile was created using data from an average homeowner who purchased a 2,500-square-foot home in 2000. The home was insured for a total of $250,000, and it had $100,000 in liability coverage and $200,000 in personal property coverage. Regardless of the coverage limits, every plan examined had a $1,000 deductible.
To include as many different homeowner profiles as possible, we also collected quotes for homeowners with newly constructed homes, increased dwelling or personal property coverages, higher deductibles and poor credit scores.
About Mark Fitzpatrick