The Best Cheap Homeowners Insurance in Corpus Christi, Texas for 2022: Quotes and Reviews
Homeowners insurance in Corpus Christi, Texas, costs an average of $5,411 annually or $451 monthly. On average, Nationwide offers the cheapest homeowners insurance at $1,082 per year, while Hartford is the most expensive at roughly $11,497 per year. By shopping around for homeowners insurance quotes, Corpus Christi residents can save up to $10,415 annually. MoneyGeek also examined the best homeowners insurance in Corpus Christi for those who want quality and affordability.
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The Cheapest and Best Homeowners Insurance in Corpus Christi
The Cheapest Home Insurance Companies in Corpus Christi
Since many insurers offer the same core coverages in a standard policy, finding the cheapest homeowners insurance merely requires looking at the rates.
On average, the companies that offer cheap homeowners insurance in Corpus Christi with a baseline dwelling coverage of $250,000 are:
- Nationwide: $1,082 per year
- Farmers: $1,364 per year
However, dwelling coverage can affect the annual premiums. The more expensive the home, the higher the coverage needed. On average, the cheapest insurers with $2 million in dwelling coverage are:
- Farmers: $5,101 per year
- Nationwide: $6,422 per year
Take a look at how dwelling coverage can change the annual premiums in the table below.
The Cheapest Home Insurance in Corpus Christi, Ranked
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All the policies above have $100,000 in liability coverage. In terms of personal property limits, policies with the baseline dwelling coverage have a limit of $100,000, while those with $2 million in dwelling coverage have an $800,000 limit.
Homeowners who reside elsewhere within the state can also take a look at MoneyGeek’s analysis of the cheapest insurers in Texas.
The Average Cost of Homeowners Insurance in Corpus Christi for 2021
The average cost of homeowners insurance is different in every city and state. In Corpus Christi, residents pay an average of $5,411 per year. This is $2,021 more than the Texas state average of $3,390. This is also higher than the national average of $2,103.
Calculate the Cost of Home Insurance in Corpus Christi
Home insurance costs in Corpus Christi depend on a number of industry-standard and company-specific factors. Some common factors include the location of the home, the dwelling and personal property coverage, credit score and more. Before getting home insurance quotes, Corpus Christi residents can use MoneyGeek’s calculator to determine costs based on their unique needs.
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These are annual estimates. Get a personalized quote to determine your costs.
The Best Home Insurance Companies in Corpus Christi
Companies that offer the best homeowners insurance are not always the cheapest. It’s important to consider factors other than cost as well.
Quality customer service and the company's financial stability are also important, as policyholders will want to make sure their claims can be processed quickly and efficiently.
MoneyGeek’s analysis on the best homeowners insurance in Corpus Christi include:
- Best Overall: Nationwide
- Runner-up: Farmers
Insurers are examined based on affordability, user satisfaction and financial stability.
Nationwide clients can get affordable policies with unique coverages. For one, policyholders can get Better Roof Replacement, which, in case of a claim, allows homeowners to get it replaced with improved protective materials. The company also offers replacement cost coverage for any policyholder’s personal items where they can get the same item or something of similar value.
Nationwide is MoneyGeek’s top pick as it scores well across categories that look at user satisfaction and affordability, notably earning perfect marks in the latter.Read MoneyGeek's Nationwide home Insurance Review
All of Farmers policies have a Declining Deductible. This is where the deductible declines by $50 each year a policyholder keeps a Farmers policy. Similarly, policyholders are rewarded for not making any claims. If, after five years, there are no claims at all, policyholders will not be penalized with higher rates in the case of needing to make a claim.
Farmers is MoneyGeek’s runner-up as it also scores well across categories, coming in as a close second in terms of affordability.Read MoneyGeek's Farmers home Insurance Review
Cheapest Home Insurance Companies in Corpus Christi for Newly Constructed Homes
Newly-constructed homes are cheaper to insure given their modern materials. These materials are easier to replace and are more resistant to damage, which decreases the likelihood of homeowners filing a claim.
Newer homes cost an average of $3,930 per year to insure, $1,481 less than the average of $5,411 per year for homes built in 2000.
On average, the cheapest insurers in Corpus Christi for newly-constructed homes with $250,000 in dwelling coverage are:
- Nationwide: $761 per year
- Farmers: $939 per year
The Cheapest Home Insurance in Corpus Christi for New Homes, Ranked
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Cheapest Home Insurance Companies in Corpus Christi if You Have a Lot of Personal Property
Personal property coverage, which covers personal items within the home, is included in every home insurance policy. Homeowners who want to protect a lot of high-value personal items may have to increase their limits, which will also increase the rates.
For $250,000 in personal property limits, the average cost is $5,490 per year, compared to $5,411 for $100,000 in personal property limits.
On average, the companies offering the cheapest home insurance with $250,000 in personal property limits include:
- Nationwide: $1,164 per year
- Farmers: $1,413 per year
Cheap Companies in Corpus Christi for Extra Personal Property Coverage
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Cheapest Home Insurance Companies in Corpus Christi for High Deductibles
A deductible is a fee the policyholder pays out of pocket before an insurer can cover a claim. The higher the deductible, the lower the annual premiums and vice versa.
It costs an average of $4,930 per year for policies with a deductible of $2,000, while it costs $5,411 for a deductible of $1,000.
In Corpus Christi, the companies offering the cheapest homeowners insurance on average with a $2,000 deductible are:
- Nationwide: $947 per year
- Farmers: $1,091 per year
The Cheapest Companies in Corpus Christi for High Deductibles, Ranked
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Cheapest Home Insurance Companies in Corpus Christi if You Have Poor Credit
In the state of Texas, insurers look at a potential policyholder’s credit score to determine the annual premium. A poor credit score often leads to higher premiums.
Case in point, homeowners insurance costs an average of $10,858 per year for those with poor credit, which is considerably higher than the average of $5,411 for those with a decent credit standing.
There are still companies offering cheap homeowners insurance in Corpus Christi for residents with poor credit. On average, this includes:
- Nationwide: $1,906 per year
- Allstate: $3,852 per year
The Cheapest Companies in Corpus Christi for Poor Credit, Ranked
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Getting Online Homeowners Insurance Quotes in Corpus Christi
Corpus Christi residents who want to get home insurance quotes need to prepare a list of information beforehand. This includes, but is not limited to:
- The replacement cost of your home: This involves the replacement cost of your home should it get completely destroyed or need to be rebuilt. Building contractors can often help with getting the estimate of the replacement cost.
- The value of your personal property: Understanding the value of the personal property within the home can help determine the appropriate personal property coverage limits.
- Personal information: Insurers will ask for the home’s address, personal information of everyone who lives there and insurance history, among others.
- Information about your house: This includes technical details about the house such as when it was built, the size of the house, present security systems and more.
Homeowners Insurance in Corpus Christi Analysis: Methodology
MoneyGeek gathered data from 10 home insurance companies in Corpus Christi using a sample homeowners profile. The homeowner had a home built in 2000 with 2,500 square feet and looked for a dwelling coverage of $250,000, personal property limits of $100,000, liability limits of $100,000 and a $1,000 deductible.
To account for varying situations, MoneyGeek also collected data for homeowners with newly constructed homes, higher dwelling or personal property limits, higher deductibles and poor credit scores.
Data was gathered in partnership with Quadrant, and quotes with varying coverage levels were collected to calculate affordability scores. Customer satisfaction ratings were taken from J.D. Power surveys.
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